secwatch.observer — SEC 8-K summary
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Issuer:     GBT Technologies Inc. (GTCH)
CIK:        0001471781
Form:       8-K
Filed at:   2026-02-06T23:59:59+00:00
Accession:  0001731122-26-000186
Event type: debt
Sentiment:  negative
Materiality: 0.85
Item codes: 5.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

GBT Technologies settles $180k legal fees via convertible note; board adds Interim CEO Bertagna
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- Director Mansour Khatib resigned Feb 5, 2026, no disagreement; Patrick Bertagna (Interim CEO) appointed director Feb 6, 2026.
- Settled $180k in accrued legal fees by issuing convertible note maturing June 30, 2027, bearing 8% interest.
- Conversion price is lower of $0.0001/share or 50% of 10-day avg of lowest closing bids, with floor $0.00001.
- Beneficial ownership limitation set at 4.99% (can increase to 9.99% on 61 days' notice); prepayment requires holder consent.
- All claims related to legal fees released with no admission of liability.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471781/000173112226000186/0001731122-26-000186-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471781/000173112226000186/e7296_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-26-000186

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer