secwatch.observer — SEC 8-K summary
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Issuer:     GBT Technologies Inc. (GTCH)
CIK:        0001471781
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0001731122-23-000318
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GBT Technologies issues $59,408 promissory note and $62,680 convertible note to 1800 Diagonal Lending
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- Promissory note of $59,408 (net $53,150) with 12% interest, maturity June 1, 2024.
- Convertible note of $62,680 (purchase price $52,150) with 6% interest, convertible after 180 days at 85% of lowest trading price.
- Both notes issued to accredited investor 1800 Diagonal Lending LLC under Section 4(a)(2) exemption.
- Proceeds used for general working capital.
- Promissory note convertible only upon default; convertible note has conversion rights after 180 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471781/000173112223000318/0001731122-23-000318-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471781/000173112223000318/e4472_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-23-000318

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