---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-001451"
form_type: "8-K"
ticker: "GTCH"
cik: "0001471781"
company_name: "GBT Technologies Inc."
filed_at: "2023-08-11T23:59:59+00:00"
generated_at: "2026-06-11T14:11:21.120320+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# GBT Tech patents sale to Bannix valued at up to $42.5M in Series A Preferred

## Summary
- Sale of Apollo and other patents for $42.5M in Series A Preferred stock (5% of Bannix's $850M EVIE acquisition).
- Closing contingent on Bannix's EVIE deal; Tokenize (50% owned by GBT) can cancel if final price < $30M.
- Series A Preferred has $1,000 face, convertible at VWAP discount (min $1), 4.99% ownership cap, 6-month lock-up.
- GBT Technologies provided consent; Tokenize is 50% owned by GBT.

## SEC filing metadata
- accession: 0001731122-23-001451
- form_type: 8-K
- ticker: GTCH
- cik: 0001471781
- company_name: GBT Technologies Inc.
- filed_at: 2023-08-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471781/000173112223001451/0001731122-23-001451-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471781/000173112223001451/e4930_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-001451
- JSON: https://secwatch.observer/filing/0001731122-23-001451.json
- Plain text: https://secwatch.observer/filing/0001731122-23-001451.txt

## Key facts
- Material Agreements
  GBT Technologies Inc. entered into Patent Purchase Agreement with Bannix Acquisition Corp. valued at $42,500,000 in series A preferred stock (effective 2023-08-08).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Bannix Acquisition Corp.
  - Value: $42,500,000 in series A preferred stock
  - Effective: 2023-08-08
  source text: On August 8, 2023, Bannix entered into a Patent Purchase Agreement (“PPA”) with GBT Tokenize Corp. (“Tokenize”), which is 50% owned by GBT, where GBT provided its consent, to acquire the entire right, title, and interest of the Patents.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1471781/000173112223001451/0001731122-23-001451-index.htm
- Material Agreements
  GBT Technologies Inc. entered into Business Combination Agreement with Bannix Acquisition Corp., EVIE Autonomous Group Ltd. valued at $850,000,000 consideration (effective 2023-04-17).
  - Action: entry
  - Agreement: merger
  - Counterparty: Bannix Acquisition Corp., EVIE Autonomous Group Ltd.
  - Value: $850,000,000 consideration
  - Effective: 2023-04-17
  source text: On April 17, 2023, Bannix Acquisition Corp. (“Bannix”), EVIE Autonomous Group Ltd. (“EVIE”) and EVIE’s shareholders entered into a Business Combination Agreement pursuant to which Bannix agreed to acquire EVIE.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1471781/000173112223001451/0001731122-23-001451-index.htm

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