---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-001518"
form_type: "8-K"
ticker: "GTCH"
cik: "0001471781"
company_name: "GBT Technologies Inc."
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T08:19:52.889661+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GBT Technologies unit sells Apollo IP to Bannix for $42.5M in preferred stock

## Summary
- Bannix Acquisition Corp. (BNIX) to acquire Apollo IP system, consisting of 4 granted and 1 pending patents, for $42.5M in BNIX Series A Preferred Stock.
- GBT Technologies (GTCH) holds 50% interest in GBT Tokenize Corp., the seller; proceeds and impact on GTCH are not detailed.
- Closing expected in Q4 2023, subject to board and shareholder approvals of both companies and regulatory conditions.
- Apollo IP is a radio frequency-based computer vision technology for autonomous vehicles, offering superior perception in all conditions.
- The PPA is contingent on closing of Bannix's acquisition of EVIE Autonomous Group Ltd.; minimum consideration floor of $30M.

## SEC filing metadata
- accession: 0001731122-23-001518
- form_type: 8-K
- ticker: GTCH
- cik: 0001471781
- company_name: GBT Technologies Inc.
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471781/000173112223001518/0001731122-23-001518-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471781/000173112223001518/e4949_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-001518
- JSON: https://secwatch.observer/filing/0001731122-23-001518.json
- Plain text: https://secwatch.observer/filing/0001731122-23-001518.txt

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