{"schema_version":"secwatch.filing_event.v1","accession":"0001731122-23-002262","form_type":"8-K","ticker":"GTCH","cik":"0001471781","company_name":"GBT Technologies Inc.","filed_at":"2023-12-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:29.164688+00:00","generated_at":"2026-06-07T10:28:28.560201+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"GBT Technologies' affiliate amends patent sale agreement to cap conversion shares at 19.99%","bullets":["Amendment to Patent Purchase Agreement adds Section 2.4: conversion of Series A Preferred Stock cannot exceed 19.99% of post-closing outstanding common stock without Bannix shareholder approval.","Series A Preferred Stock has $1,000 stated value, convertible at 5% discount to 20-day VWAP (min $1.00), with 4.99% beneficial ownership limitation.","Original PPA valued at $42.5M for patents covering machine learning-driven radio wave imaging technology; closing contingent on Bannix's acquisition of EVIE Autonomous Group.","Lock-up on Series A Preferred and conversion shares: six months after closing, change of control, or Bannix written consent.","GBT Tokenize Corp. (50% owned by GBT Technologies) is the seller; Bannix Acquisition Corp. is the purchaser."],"urls":{"canonical":"https://secwatch.observer/filing/0001731122-23-002262","json":"https://secwatch.observer/filing/0001731122-23-002262.json","markdown":"https://secwatch.observer/filing/0001731122-23-002262.md","text":"https://secwatch.observer/filing/0001731122-23-002262.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1471781/000173112223002262/0001731122-23-002262-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1471781/000173112223002262/e5282_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T10:28:28.560201+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":[{"claim_id":"641d88597d57696e17f77072a185e8b5a7623afb","claim":"GBT Technologies Inc. entered into Patent Purchase Agreement with Bannix Acquisition Corp. and GBT Tokenize Corp. valued at $42.5 million (effective 2023-08-08).","evidence_excerpt":"On August 8, 2023, Bannix Acquisition Corp. (“Bannix”) entered into a Patent Purchase Agreement (“PPA”) with GBT Tokenize Corp.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1471781/000173112223002262/0001731122-23-002262-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Bannix Acquisition Corp. and GBT Tokenize Corp."},{"label":"Value","value":"$42.5 million"},{"label":"Effective","value":"2023-08-08"}],"fact_type":"material_agreement"},{"claim_id":"b83a52dae5de28d9198e75368ff299a1c216d4c7","claim":"GBT Technologies Inc. amended Amendment No. 1 to the PPA with Bannix Acquisition Corp. and GBT Tokenize Corp. (effective 2023-12-18).","evidence_excerpt":"nd Tokenize entered into Amendment No. 1 to the PPA. Per the amendment, Bannix and Tokenize agreed that the shares of common stock","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1471781/000173112223002262/0001731122-23-002262-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Bannix Acquisition Corp. and GBT Tokenize Corp."},{"label":"Effective","value":"2023-12-18"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}