secwatch.observer — SEC 8-K summary
======================================

Issuer:     GBT Technologies Inc. (GTCH)
CIK:        0001471781
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001731122-22-000849
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GBT Technologies issues $244,500 convertible note to 1800 Diagonal Lending at 6%
--------------------------------------------------------------------------------

- Principal $244,500 for purchase price $203,500; 6% interest; matures Aug 4, 2023.
- Conversion price at 85% of lowest trading price over prior 20 days; 4.99% ownership cap.
- Proceeds for general working capital; prepayment allowed within 180 days with premium.
- Right of first refusal for future offerings under $150k for 9 months.
- Issued under Section 4(a)(2) exemption; funded on May 9, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471781/000173112222000849/0001731122-22-000849-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471781/000173112222000849/e3760_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-22-000849

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