---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-000592"
form_type: "8-K"
ticker: "GTCH"
cik: "0001471781"
company_name: "GBT Technologies Inc."
filed_at: "2023-04-05T23:59:59+00:00"
generated_at: "2026-06-17T05:49:28.628894+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GBT Technologies sells Avant-Ai system to Trend Innovation for 26M shares; includes Nasdaq up-list condition

## Summary
- GBT Tokenize Corp (50% owned by GBT) sells Avant-Ai text-generation AI system to Trend Innovation Holdings (TREN) for 26,000,000 common shares of TREN.
- Shares subject to 9-month lock-up; if TREN fails to up-list to Nasdaq within lock-up, Seller may request unwinding of the transaction.
- GBT and Seller receive perpetual, non-exclusive, non-transferable license to use Avant-Ai as an in-house tool; no sublicensing to customers.
- Transaction structured as tax-free reorganization under Section 368 of the Internal Revenue Code.

## SEC filing metadata
- accession: 0001731122-23-000592
- form_type: 8-K
- ticker: GTCH
- cik: 0001471781
- company_name: GBT Technologies Inc.
- filed_at: 2023-04-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471781/000173112223000592/0001731122-23-000592-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471781/000173112223000592/e4574_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-000592
- JSON: https://secwatch.observer/filing/0001731122-23-000592.json
- Plain text: https://secwatch.observer/filing/0001731122-23-000592.txt

## Key facts
- Material Agreements
  GBT Technologies Inc. entered into Asset Purchase Agreement with Trend Innovation Holdings, Inc. valued at 26,000,000 common shares of TREN (effective 2023-04-03).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Trend Innovation Holdings, Inc.
  - Value: 26,000,000 common shares of TREN
  - Effective: 2023-04-03
  source text: On April 3, 2023, GBT Tokenize Corp. (“Seller”), a subsidiary that is owned 50% by GBT Technologies, Inc (“GBT”) entered into an Asset Purchase Agreement (“APA”) with Trend Innovation Holdings, Inc. ( “TREN”), in which GBT consented, pursuant to which Seller sold certain assets relating to proprietary system and method named Avant-Ai, which is a text-generation, deep learning self-training model (the “System”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1471781/000173112223000592/0001731122-23-000592-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.