Global Technologies, Ltd. Increases Shareholder Equity Through Preferred Stock Exchange [Yahoo! Finance]
GLOBAL TECHS LTD (GTLL)
Company Research
Source: Yahoo! Finance
PARSIPPANY, New Jersey, June 27, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC Pink: GTLL) (the “Company”), is pleased to announce that it has entered into a Share Exchange Agreement to increase the Company's shareholder equity. On June 25, 2024, the Company filed a designation for a new series of preferred stock, titled Series N Preferred Stock (“Series N”), with the Secretary of State of the State of Delaware. The Holders of the Series N shall vote together with the outstanding shares of Class A Common Stock and have a fixed conversion price of $.50 per share. On June 26, 2024, the Company entered into a Share Exchange Agreement (the “Agreement”) with each of the Holders of the Company's Series L Preferred Stock (the “Series L”). As of the date of the Agreement, there were a total of 339 shares of Series L outstanding. As per the terms of the Agreement, shares of Series L were exchanged for shares of the newly designated Series N. A total of 1,864,500 shares of Series
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News
- Global Technologies, Ltd. Increases Shareholder Equity Through Preferred Stock ExchangeGlobeNewswire
- Global Technologies, Ltd. Announces Launch of New Corporate Website [Yahoo! Finance]Yahoo! Finance
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GTLL
Sec Filings
- 6/27/24 - Form 8-K
- 5/29/24 - Form 4
- 5/28/24 - Form 4
- GTLL's page on the SEC website