Global Technologies Ltd 8-K, filed Jul 3, 2025
Global Technologies Ltd (GTLL)
About this 8-K
Global Technologies Ltd filed this 8-K on July 3, 2025, reporting on events of July 2, 2025.
Items reported
- Item 1.02: Ended a material agreement
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
| | ||
| (Address of principal executive offices) | (Zip Code) |
Registrant’s
telephone number, including area code
Not Applicable
(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 (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| Pre-commencement 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 of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| OTC Markets “PINK” |
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 1.02 – Termination of a Material Definitive Agreement
On June 30, 2025, the Board of Directors of Global Technologies, LTD (the “Company”) approved the unilateral termination of the Share Exchange Agreement dated March 15, 2024 (the “Agreement”), which had been entered into by and among the Company, GOe3, LLC (“GOe3”), and Bruce Brimacombe.
Pursuant to this action, the Company has returned or released all GOe3 membership units, intellectual property, and any related assets previously held by the Company under the Agreement. No shares of the Company’s preferred stock were designated as per the terms of the Agreement, and no shares of common stock or preferred stock were issued, or delivered to Mr. Brimacombe.
This termination concludes any and all obligations between the Company and Mr. Brimacombe under the Agreement. As a result of this termination, the Company will no longer pursue or engage in any business operations, partnerships, or future development efforts in the electric vehicle (EV) sector. The Company remains focused on its core growth initiatives in health, wellness, and advisory services.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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.
| GLOBAL TECHNOLOGIES, LTD | |
| (Registrant) | |
| Date July 2, 2025 | |
| /s/ H. Wyatt Flippen | |
| (Signature)* |