---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-000474"
form_type: "8-K"
ticker: "GTCH"
cik: "0001471781"
company_name: "GBT Technologies Inc."
filed_at: "2024-03-22T23:59:59+00:00"
generated_at: "2026-06-04T09:00:58.507842+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GBT Technologies' subsidiary sells patents to VisionWave for $30M in stock; prior Bannix deal terminated

## Summary
- GBT Tokenize (50% owned by GBT) enters Patent Purchase Agreement with VisionWave for IP covering machine learning radio wave imaging ("Apollo" project).
- Purchase price of $30M paid in 1,000 shares of VisionWave common stock, representing 50% of VisionWave's outstanding shares.
- Final price subject to third-party valuation; if valuation <$30M, Tokenize has option to cancel the agreement.
- Shares subject to 12-month lock-up period beginning at closing.
- Prior $30M PPA with Bannix Acquisition Corp. terminated after Bannix's business combination with EVIE fell through on March 11, 2024.

## SEC filing metadata
- accession: 0001731122-24-000474
- form_type: 8-K
- ticker: GTCH
- cik: 0001471781
- company_name: GBT Technologies Inc.
- filed_at: 2024-03-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471781/000173112224000474/0001731122-24-000474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471781/000173112224000474/e5523_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-000474
- JSON: https://secwatch.observer/filing/0001731122-24-000474.json
- Plain text: https://secwatch.observer/filing/0001731122-24-000474.txt

## Key facts
- Material Agreements
  GBT Technologies Inc. entered into Patent Purchase Agreement with VisionWave Technologies Inc. valued at $30,000,000 (effective 2024-03-19).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: VisionWave Technologies Inc.
  - Value: $30,000,000
  - Effective: 2024-03-19
  source text: Effective as of March 19, 2024, GBT Tokenize Corp. (“Tokenize”), which is 50% owned by GBT Technologies Inc. (the “Company”) entered into a Patent Purchase Agreement with VisionWave Technologies Inc. (“ VisionWave”) pursuant to which VisionWave agreed to acquire from Tokenize the entire right, title, and interest of certain patents and patent applications providing an intellectual property basis for a machine learning driven technology that controls radio wave transmissions, analyzes their reflections data, and constructs 2D/3D images of stationary and in motion objects (“VisionWave PPA”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1471781/000173112224000474/0001731122-24-000474-index.htm
- Material Agreements
  GBT Technologies Inc. terminated Patent Purchase Agreement with Bannix Acquisition Corp. with Bannix Acquisition Corp. (effective 2024-03-19).
  - Action: termination
  - Agreement: asset purchase
  - Counterparty: Bannix Acquisition Corp.
  - Effective: 2024-03-19
  source text: As the PPA was contingent upon Bannix closing the acquisition of the EVIE and due to the BNIX EVIE Termination Letter, on March 19, 2024 Bannix and Tokenize agreed to terminate the PPA which was consented to by the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1471781/000173112224000474/0001731122-24-000474-index.htm

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