---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-23-001562"
form_type: "8-K"
ticker: "GTCH"
cik: "0001471781"
company_name: "GBT Technologies Inc."
filed_at: "2023-08-21T23:59:59+00:00"
generated_at: "2026-06-11T06:08:08.884081+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# GBT Tokenize Corp. hires IDL Concepts to sell patent portfolio; 20% commission

## Summary
- GBT Tokenize Corp. (50% owned by GBT Technologies) entered Representation Agreement with IDL Concepts to sell patent assets.
- Agent IDL Concepts receives 20% commission on any transaction proceeds; exclusivity for 6 months then non-exclusive.
- Certain patents under negotiation with Mallick Group and potential Apple infringement claim are carved out.
- Agreement states no minimum revenue assured and agent has no obligation to generate any sale or licensing.
- GBT Technologies Inc. provided its consent; Tokenize is 50% owned by GBT.

## SEC filing metadata
- accession: 0001731122-23-001562
- form_type: 8-K
- ticker: GTCH
- cik: 0001471781
- company_name: GBT Technologies Inc.
- filed_at: 2023-08-21T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471781/000173112223001562/0001731122-23-001562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471781/000173112223001562/e4966_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-23-001562
- JSON: https://secwatch.observer/filing/0001731122-23-001562.json
- Plain text: https://secwatch.observer/filing/0001731122-23-001562.txt

## Key facts
- Material Agreements
  GBT Technologies Inc. entered into Representation Agreement with IDL Concepts, LLC (effective 2023-08-17).
  - Action: entry
  - Counterparty: IDL Concepts, LLC
  - Effective: 2023-08-17
  source text: On August 17, 2023, GBT Tokenize Corp. (‘Tokenize’), which is 50% owned of GBT Technologies, Inc (‘GBT’ or the ‘Company’), which provided its consent, entered into a Representation Agreement (the ‘RA’) with IDL Concepts, LLC (the ‘Agent’), to represent Tokenize in a potential purchase transaction facilitated by the Agent transferring all of Tokenize’s right, title, and interest in certain Assigned Patent Rights
  evidence_url: https://www.sec.gov/Archives/edgar/data/1471781/000173112223001562/0001731122-23-001562-index.htm

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