GTLL 8-K
Global Technologies Ltd (GTLL)
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 Charter)
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
(Address of Principal Executive Office) (Zip Code)
(Registrant’s Telephone Number, Including Area Code)
(Former name or former address, if changed since last report)
Not Applicable
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 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 7.01 Regulation FD Disclosure
On July 31, 2023, the Company issued a press release announcing that it had successfully completed the acquisition of a real estate holding company with a 250,000 square foot industrial facility, located within a 25-acre property located in Georgia. A copy of the Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information in this Item 7.01 (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press release dated July 31, 2023 | |
| 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 thereunto duly authorized.
| GLOBAL TECHNOLOGIES, LTD | ||
| Date: July 31, 2023 | By: | /s/ Fredrick Cutcher |
| Name: | Fredrick Cutcher | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
Global Technologies Ltd. Marks an Exciting Milestone with the Completion of Its First Property Acquisition
Parsippany, NJ, July 31st, 2023 (GLOBE NEWSWIRE) – Global Technologies Ltd. (OTC Pink: GTLL), a publicly traded holding company with operations in the acquisition and redevelopment of distressed properties, announces the successful completion of the acquisition of a 250,000 square foot industrial facility, located within a 25-acre property in Georgia.
CEO Fredrick Cutcher expresses his excitement, “We are thrilled to announce the acquisition of our Georgia property, which symbolizes the dawn of a new era for Global Technologies. This strategic purchase opens doors to endless possibilities in the commercial real estate market and beyond, propelling us towards creating real value.”
Having acquired this prime commercial and industrial space, previously utilized as a manufacturing plant, Global Technologies is now poised to explore the property’s highest and best use. With innovation at the heart of our endeavors, we are committed to meticulously identifying revenue streams that will optimize its true potential, ultimately expanding shareholder value.
For additional information regarding the transaction, please refer to the Company’s Current Report on Form 8-K, available at: https://www.sec.gov/ix?doc=/Archives/edgar/data/932021/000149315223026017/form8-k.htm
About Global Technologies Ltd.:
Global Technologies Ltd. (OTC Pink: GTLL) is a publicly traded holding company with a strong focus on entering new markets including the acquisition and redevelopment of distressed properties. The company seeks to capitalize on underutilized or undervalued assets, creating opportunities for growth, and delivering exceptional value to shareholders.
Contact:
Global
Technologies, Ltd
(973) 233-5151
[email protected]