secwatch.observer — SEC 8-K summary
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Issuer:     GBT Technologies Inc. (GTCH)
CIK:        0001471781
Form:       8-K
Filed at:   2022-02-25T23:59:59+00:00
Accession:  0001731122-22-000312
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GBT grants Touchpoint IP license for IoT/AI digital currency tech; receives 10M shares
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- 5-year worldwide license for GBT's IoT/AI mobile digital currency tech; earned royalties based on actual use.
- Touchpoint issued 10M common shares to GBT as license fee; GBT now holds 20M Touchpoint shares.
- On Jan 28, GBT bought 10K Series A Preferred shares for $125K; converted into 10M common shares on Feb 23.
- No minimum royalty obligation; Touchpoint must exercise diligence in commercializing the technology.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471781/000173112222000312/0001731122-22-000312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471781/000173112222000312/e3536_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-22-000312

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