secwatch.observer — SEC 8-K summary
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Issuer:     GBT Technologies Inc. (GTCH)
CIK:        0001471781
Form:       8-K
Filed at:   2022-06-15T23:59:59+00:00
Accession:  0001731122-22-001073
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 5.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GBT Technologies forms metaverse JV Metaverse Kit, contributes 500M shares for 50% stake
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- GBT contributed 500M common shares to JV Metaverse Kit Corp; IGMB (Gainulin/Belova) contributed licensed metaverse technology.
- Each party owns 50% of Metaverse Kit; GBT pledged its 50% stake to Igor 1 Corp. to secure a convertible note.
- IGMB and Elentina Group each get $25k/month consulting fees, payable quarterly in shares at GBT's 10-day VWAP, term 2 years.
- IGMB sold all source codes for the Meta Portfolio (sports, gaming, live events) to Metaverse Kit under an asset purchase agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471781/000173112222001073/0001731122-22-001073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471781/000173112222001073/e3828_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-22-001073

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