Current Report Filing (8-k)
October 02 2020 - 6:04AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 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): October 1, 2020
GBT
TECHNOLOGIES INC.
(Exact
name of small business issuer as specified in its charter)
Nevada
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000-54530
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27-0603137
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(State
or other jurisdiction of
incorporation or organization)
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Commission
File Number
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(I.R.S.
Employer
Identification No.)
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2500
Broadway, Suite F-125, Santa Monica, CA 90404
(Address
of principal executive offices) (Zip code)
Registrant’s
telephone number including area code: 888-685-7336
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 Instructions 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))
Indicate
by check mark whether the registrant is an emerging growth company as defined in 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. ☐
Securities
registered pursuant to Section 12(b) of the Act: Not applicable.
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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Not
applicable.
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Item 8.01 Other Events
On
February 18, 2020, GBT Technologies Inc. (the “Company”) entered into a Securities Purchase Agreement with Power Up
Lending Group Ltd., an accredited investor (“Power Up”) pursuant to which the Company issued to Power Up a Convertible
Promissory Note (the “Power Note”) in the aggregate principal amount of $183,600 for a purchase price of $153,000.
On or about September 23, 2020, Power Up had converted the Power Note in full and there is no further amounts owed by the Company
under the Power Note.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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GBT TECHNOLOGIES INC.
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By:
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/s/
Mansour Khatib
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Name:
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Mansour
Khatib
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Title:
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Chief
Executive Officer
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Date:
October 2, 2020
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