secwatch.observer — SEC 8-K summary
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Issuer:     GBT Technologies Inc. (GTCH)
CIK:        0001471781
Form:       8-K
Filed at:   2022-03-16T23:59:59+00:00
Accession:  0001731122-22-000457
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GBT Technologies enters revenue sharing deal with Mahaser; deferral until $1M revenue
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- Entered Revenue Sharing Agreement with Mahaser Ltd. for 95% of e-commerce revenue from Ravenholm Electronics platform.
- Consideration: $100,000 cash and 1,000,000 restricted common shares; deferred via Amendment No. 1 until $1M revenue generated.
- Initial term March 1, 2022 to Dec 31, 2022; optional extension for $200,000 in shares annually.
- Company may appoint a manager to Mahaser; no further payment obligations beyond initial consideration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471781/000173112222000457/0001731122-22-000457-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471781/000173112222000457/e3616_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-22-000457

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