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

Issuer:     GBT Technologies Inc. (GTCH)
CIK:        0001471781
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001731122-23-000779
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GBT Technologies issues two notes totaling $97,788 to 1800 Diagonal Lending
---------------------------------------------------------------------------

- Straight note of $47,208 principal ($42,150 net) at 12% interest, matures April 24, 2024; convert only upon default at 75% of lowest trading price.
- Convertible note of $50,580 principal ($42,150 net) at 6% interest, matures July 24, 2024; convertible after 180 days at 85% of lowest trading price.
- Both notes closed April 26, 2023; proceeds used for working capital; unregistered sale under Section 4(a)(2) of the Securities Act.
- Straight note requires ten monthly payments of $5,287.20 starting June 15, 2023, total payback $52,872.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471781/000173112223000779/0001731122-23-000779-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471781/000173112223000779/e4654_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-23-000779

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