Form 8-K - Current report

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 16, 2024

 

 

GLOBAL TECHNOLOGIES, LTD

(Exact Name of Registrant as Specified in Charter)

 

Delaware		000-25668		86-0970492
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

 

8 Campus Dr., Suite 105, Parsippany, NJ 07054

(Address of Principal Executive Office) (Zip Code)

 

[phone]

(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
Class A Common Stock, $0.0001 par value per share		GTLL		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 May 16, 2024, the Company issued a press release announcing that its wholly owned subsidiary, GOe3, LLC, had secured its GSA registration and achieved a major sales milestone with tiny-home developers. 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 May 16, 2024
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: May 16, 2024	By:	/s/ Fredrick Cutcher
	Name:	Fredrick Cutcher
	Title:	Chief Executive Officer

 

 

 

Exhibit 99.1

 

 

GOe3, LLC Secures GSA Registration, Announces Major Sales Milestone with Tiny-Home Developers

 

PARSIPPANY, New Jersey, May 16, 2024 (GLOBE NEWSWIRE) — Global Technologies, Ltd. (OTC Pink: GTLL) (the “Company”), is pleased to announce that its wholly owned subsidiary, GOe3, LLC, has reached a significant milestone with its initial GSA registration, setting the stage for future government schedules, grants, and tax credits. This qualification uniquely positions GOe3 to contribute to federal infrastructure projects.

 

Additionally, GOe3 is excited to announce the execution of a substantial $10 million sales agreement with tiny-home real estate developers Freedom-2-Thrive, LLC and Eagle Log Cabins, LLC. This partnership marks a pivotal moment in the adoption of sustainable living solutions.

 

Under the new agreement, GOe3 will supply 1,000 units of its innovative EV Level 2 bi-directional home charging stations. These smart devices are capable of sensing and responding to grid power distribution, promoting smarter energy consumption. The collaboration with Freedom-2-Thrive also introduces property owners and their employees to potential tax credits and grants through workplace charging initiatives, as guided by the Department of Energy (DOE).

 

“Securing the GSA registration opens significant doors for GOe3, allowing us to expand our reach and impact in the green technology space,” said Bruce Brimacombe, Chief Executive Officer of GOe3. “Our partnership with Freedom-2-Thrive and Eagle Log Cabins further demonstrates our commitment to sustainable development and our capability to meet the increasing demand for environmentally responsible solutions.”

 

The DOE highlights the benefits of workplace charging, which includes increased convenience and affordability for employees who drive electric vehicles. Effective workplace charging strategies can attract a forward-thinking workforce, boost green building certifications, and showcase environmental leadership.

 

“We’re excited to announce the union between high quality sustainable, zero-waste, non-toxic Eagle Log Cabins USA and the GOe3 smart renewable energy infrastructure, integrated to provide affordable clean living. We’re thrilled as we imagine the possibilities,” said Thomas Feller, Owner-Designer of Freedom-2-Thrive, LLC and Eagle Log Cabins, LLC. “Wayne Dyer said ‘When you change the way you look at things, the things you look at change’ and that mentality motivates us.”

 

 

 

About Global Technologies, Ltd.:

 

Global Technologies, Ltd, based in Parsippany, NJ, is a multi-operational company with a strong desire to drive transformative innovation and sustainable growth across the technology and service sectors, empowering businesses and communities through advanced, scalable solutions that enhance connectivity, efficiency, and environmental stewardship. The Company envisions a future where technology seamlessly integrates into every aspect of life, improving the quality of life and the health of the planet. Our vision is to lead the industries we serve with groundbreaking initiatives that set new standards in innovation, customer experience, and corporate responsibility, thereby creating enduring value for all stakeholders. For further information, please visit the Company’s website at www.globaltechnologiesltd.info.

 

About GOe3, LLC:

 

GOe3, LLC, based in Scottsdale, AZ, intends on building and operating a network of universal electric vehicle (“EV”) charging stations within 45-75 miles of selected interstate highways across the U.S. GOe3 believes its patent-pending charging station design will be a vital component to the electric vehicle charging station expansion. For further information, please visit the Company’s website at www.goe3.com.

 

Forward-Looking Statements and Disclaimer

 

Statements made in this press release that express the Company or management’s intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will” and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company’s actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company’s forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company’s future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company’s future revenues or results of operations.

 

Contact:

 

Global Technologies, Ltd
[phone]
[e-mail]

 

GOe3, LLC Media Contact:

 

Ania Kubicki at ANGLES Communications

480-277-9245

[e-mail]

 

 

 

Cover	May 16, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	May 16, 2024
Entity File Number	000-25668
Entity Registrant Name	GLOBAL TECHNOLOGIES, LTD
Entity Central Index Key	0000932021
Entity Tax Identification Number	86-0970492
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	8 Campus Dr.
Entity Address, Address Line Two	Suite 105
Entity Address, City or Town	Parsippany
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07054
City Area Code	(973)
Local Phone Number	233-5151
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Class A Common Stock, $0.0001 par value per share
Trading Symbol	GTLL
Entity Emerging Growth Company	false

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