other material
confidence high
sentiment neutral
materiality 0.50
GBT Technologies enters revenue-sharing deal for Amazon e-commerce platform Ravenholm Electronics
GBT Technologies Inc.
- Pays $100,000 cash and issues 1,000,000 restricted shares for 95% of revenues from Ravenholm Electronics via Amazon.
- Revenue-sharing period is March 1, 2022 through December 31, 2022; GBT appoints one manager to Mahaser LTD.
- Option to extend annually for $200,000 paid in shares based on 20-day VWAP prior to issuance.
- Ravenholm Electronics operates on Amazon in USA, Canada, Japan, Australia, UAE, Saudi, Singapore, Brazil, Turkey.