secwatch.observer — SEC 8-K summary
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Issuer:     GBT Technologies Inc. (GTCH)
CIK:        0001471781
Form:       8-K
Filed at:   2022-02-02T23:59:59+00:00
Accession:  0001731122-22-000158
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GBT Technologies acquires 10,000 Touchpoint Series A Preferred shares for $125K, convertible to 10M common
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- Purchased 10,000 shares of Touchpoint Series A Convertible Preferred from Marko Radisic for $125,000.
- Each preferred share convertible into 1,000 common shares, totaling 10,000,000 Touchpoint common shares.
- Preferred shares are anti-dilutive; always convertible into 10M common shares regardless of corporate actions.
- Proceeds to be used for Touchpoint's general corporate and working capital needs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471781/000173112222000158/0001731122-22-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471781/000173112222000158/e3469_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-22-000158

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer