Current Report Filing (8-k)
September 21 2020 - 6:45AM
Edgar (US Regulatory)
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 and Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 21, 2020
GLOBAL
TECH INDUSTRIES GROUP, INC.
(Exact
name of registrant as specified in its charter)
Nevada
|
|
000
- 10210
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83
- 0250943
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(State
or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification No.)
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511
Sixth Avenue, Suite 800
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New
York, New York
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10011
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(Address
of principal executive offices)
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(Zip
Code)
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212-204-7926
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(Registrant’s
telephone number, including area code)
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[Not
applicable / Former Name or Address]
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(Former
name or former address, if changed since last report.)
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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):
[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities
registered pursuant to Section 12(b) of the Act:
Title
of each Class
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Trading
Symbol
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Name
of each exchange on which registered
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Common
Stock
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GTII
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N/A
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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
September 16, 2020, Global Tech Industries Group, Inc. (“the Company”), a Nevada corporation, and Fifth Generation
Media, LLC (“FGM”), a privately held limited liability company, mutually agreed to terminate and to disengage from
a previous Acquisition Letter of Intent (“Acquisition Letter of Intent”) dated February 29, 2020, (“Agreement
Date”), which had a closing date scheduled to occur on or about April 30, 2020, under conditions mutually agreeable to both
parties.
This
Report on Form 8-K includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of
1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. In addition to statements which explicitly
describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes”,
“belief”, “expects”, “intends”, “anticipates”, “projects” “will”,
or “plans” to be uncertain and forward looking. The forward-looking statements contained herein are also subject generally
to other risks and uncertainties that are described from time to time in the Company’s reports and registration statements
filed with the Securities and Exchange Commission.
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.
Date:
September 21, 2020
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GLOBAL
TECH INDUSTRIES GROUP, INC.
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By:
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/s/
Frank Benintendo
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Frank
Benintendo
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Acting
Chairman & CEO
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Global Tech Industries (PK) (USOTC:GTII)
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