{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-23-001307","form_type":"8-K","ticker":"GTCH","cik":"0001471781","company_name":"GBT Technologies Inc.","filed_at":"2023-07-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.018923+00:00","generated_at":"2026-06-13T04:54:33.676184+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"GBT Technologies issues Series I Preferred convertible into 10B shares under amended JV","bullets":["GBT contributes all IP to GBT Tokenize and issues 1,000 shares of Series I Preferred, stated value $35K/share.","Series I Preferred converts at $0.0035/share; full conversion yields 10 billion common shares, massive potential dilution.","GBT pledges 50% stake in GBT Tokenize and 100% of subsidiary Greenwich to Magic as security.","Prior contributions: 166M common shares valued at ~$50K; JV had impairment charges of $5.5M (2020) and $15.4M (2021).","Magic previously funded $250K to GBT Tokenize; amended JV restates prior agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-23-001307","json":"https://secwatch.observer/filing/0001731122-23-001307.json","markdown":"https://secwatch.observer/filing/0001731122-23-001307.md","text":"https://secwatch.observer/filing/0001731122-23-001307.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1471781/000173112223001307/0001731122-23-001307-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1471781/000173112223001307/e4867_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T04:54:33.676184+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}