{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-23-000367","form_type":"8-K","ticker":"GTCH","cik":"0001471781","company_name":"GBT Technologies Inc.","filed_at":"2023-03-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.137532+00:00","generated_at":"2026-06-18T01:54:53.902972+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"GBT terminates Metaverse JV; settlement includes $5,000 payment, share surrender","bullets":["Settlement voids June 2022 Metaverse JV, APA, and consulting agreements with Licensor Gainulin and Belova.","Licensor pays GBT $5,000 cash and surrenders all shares in Metaverse Kit Corp.","GBT previously contributed 500M common shares to Metaverse Kit; disposition under settlement not disclosed."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-23-000367","json":"https://secwatch.observer/filing/0001731122-23-000367.json","markdown":"https://secwatch.observer/filing/0001731122-23-000367.md","text":"https://secwatch.observer/filing/0001731122-23-000367.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1471781/000173112223000367/0001731122-23-000367-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1471781/000173112223000367/e4495_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T01:54:53.902972+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"433d2f088941d3f9c5590b89cd72fc89c813589d","claim":"GBT Technologies Inc. terminated Settlement Agreement and Release with Ildar Gainulin and Maria Belova valued at The Metaverse Agreement, Metaverse APA and Consulting Agreement are void and cancelled; Licensor pay (effective 2023-03-14).","evidence_excerpt":"On March 14, 2023, the Company received a counter signed Settlement Agreement and Release by Licensor dated March 2, 2023 (“Settlement Agreement”). Pursuant to the Settlement Agreement, the parties agreed that Metaverse Agreement, the Metaverse APA and the Consulting Agreement are void and cancelled.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1471781/000173112223000367/0001731122-23-000367-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Ildar Gainulin and Maria Belova"},{"label":"Value","value":"The Metaverse Agreement, Metaverse APA and Consulting Agreement are void and cancelled; Licensor pay"},{"label":"Effective","value":"2023-03-14"}],"fact_type":"material_agreement"},{"claim_id":"4618b7e7f439710c92f8014a53803a772aa09e26","claim":"GBT Technologies Inc. entered into Consulting Agreement with Metaverse Kit Corp., Licensor and Elentina Group, LLC valued at Each consulting engagement for $25,000 per month payable quarterly, term two years. (effective 2022-06-10).","evidence_excerpt":"Metaverse Kit, Licensor and Elentina Group, LLC (“Elentina”) entered into a Consulting Agreements in which IGBM and Elentina, each were engaged to provide services in consideration of $25,000 per month payable quarterly which Metaverse Kit has the option to pay in shares of common stock calculated by the amount owed divided by the Company’s 10-day VWAP.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1471781/000173112223000367/0001731122-23-000367-index.htm","confidence":0.85,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"Metaverse Kit Corp., Licensor and Elentina Group, LLC"},{"label":"Value","value":"Each consulting engagement for $25,000 per month payable quarterly, term two years."},{"label":"Effective","value":"2022-06-10"}],"fact_type":"material_agreement"},{"claim_id":"63f7200cd9c33c6cc5e1b8ed84562df776064f94","claim":"GBT Technologies Inc. entered into Asset Purchase Agreement (Metaverse APA) with Ildar Gainulin and Maria Belova valued at Licensor sold Metaverse Kit all source codes pertaining to the Meta Portfolio. (effective 2022-06-10).","evidence_excerpt":"the parties entered an Asset Purchase Agreement (the “Metaverse APA”) concurrently with the Metaverse Agreement whereby Licensor sold Metaverse Kit all source codes pertaining to the Meta Portfolio.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1471781/000173112223000367/0001731122-23-000367-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Ildar Gainulin and Maria Belova"},{"label":"Value","value":"Licensor sold Metaverse Kit all source codes pertaining to the Meta Portfolio."},{"label":"Effective","value":"2022-06-10"}],"fact_type":"material_agreement"},{"claim_id":"83ca8173cc306add29d4163679c1f7455c558402","claim":"GBT Technologies Inc. entered into Joint Venture and Territorial License Agreement with Ildar Gainulin and Maria Belova valued at The Company contributed 500,000,000 shares of common stock; parties each own 50% of Metaverse Kit Co (effective 2022-06-10).","evidence_excerpt":"On June 10, 2022, GBT Technologies, Inc. (the “Company”), entered into a Joint Venture and Territorial License Agreement (the “Metaverse Agreement”) with Ildar Gainulin and Maria Belova (collectively, the “Licensor”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1471781/000173112223000367/0001731122-23-000367-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"license"},{"label":"Counterparty","value":"Ildar Gainulin and Maria Belova"},{"label":"Value","value":"The Company contributed 500,000,000 shares of common stock; parties each own 50% of Metaverse Kit Co"},{"label":"Effective","value":"2022-06-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}