8-K
GLOBAL TECH INDUSTRIES GROUP, INC. (GTII)
UNITEDSTATES
SECURITIESAND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM8-K
CURRENTREPORT
Pursuantto Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 8, 2021
GlobalTech Industries Group, Inc.
(Exact name of registrant as specified in its charter)
| Nevada | 000-10210 | 83-0250943 |
|---|---|---|
| (State<br> or Other Jurisdiction | (Commission | (I.R.S.<br> Employer |
| of<br> Incorporation) | File<br> Number) | Identification<br> No.) |
511Sixth Avenue, Suite 800 New York, NY 10011
(Address of Principal Executive Offices) (Zip Code)
(212)-204-7926
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| [ ] | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| [ ] | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title<br> of each Class | Trading<br> Symbol | Name<br> of each exchange on which registered |
|---|---|---|
| Common<br> Stock | GTII | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 8.01 Other Events
On March 6, 2021, Global Tech Industries Group, Inc. (“GTII” or the “Company”), a Nevada corporation, focused on acquiring new and innovative technologies in diverse industries, and Jabber Telecom, Inc. (“JT”) a Florida corporation engaged in the business of developing integrated business applications, supporting telecommunication collaborations, audio and video conferencing, and cloud phone systems signed a non-binding Letter of Intent (“LOI”) in order to exchange information and perform mutual due diligence, working towards executing a definitive purchase agreement and formal closing within sixty days of signing the LOI, at which time JT will become a wholly owned subsidiary of GTII.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
March 8, 2021
| GLOBAL TECH INDUSTRIES GROUP, INC. | |
|---|---|
| /s/ David Reichman | |
| By: | David<br> Reichman |
| Title: | Chairman<br> and CEO |