---
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"
generated_at: "2026-06-13T04:54:33.676184+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# GBT Technologies issues Series I Preferred convertible into 10B shares under amended JV

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-001307
- JSON: https://secwatch.observer/filing/0001731122-23-001307.json
- Plain text: https://secwatch.observer/filing/0001731122-23-001307.txt

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