secwatch.observer — SEC 8-K summary
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Issuer:     GBT Technologies Inc. (GTCH)
CIK:        0001471781
Form:       8-K
Filed at:   2022-04-18T23:59:59+00:00
Accession:  0001731122-22-000725
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 5.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GBT Technologies' JV acquires GTX Corp $100K notes, 5M shares; parent contributes 150M shares to JV
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- GBT Tokenize acquired $100,000 principal GTX Corp convertible notes (10% interest, $0.01/share conversion) and 5M shares for $150,000.
- GBT Technologies contributed 150M shares of its common stock to GBT Tokenize as part of amended joint venture, retaining 50% ownership.
- Magic Internacional contributed $250,000 cash plus all needed funding; each party holds 50% of Tokenize.
- Company pledged its 50% stake in Tokenize and 100% of subsidiary Greenwich to Magic as collateral.
- GBT appoints two directors and Magic appoints one director to the Tokenize board.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471781/000173112222000725/0001731122-22-000725-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471781/000173112222000725/e3710_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-22-000725

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