Current Report Filing (8-k)
August 26 2021 - 8:31AM
Edgar (US Regulatory)
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2021-08-23
2021-08-23
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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): August 23, 2021
Global
Tech Industries Group, Inc.
(Exact
name of registrant as specified in its charter)
Nevada
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000-10210
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83-0250943
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(State
or Other Jurisdiction
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(Commission
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(I.R.S.
Employer
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of
Incorporation)
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File
Number)
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Identification
No.)
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511
Sixth Avenue, Suite 800 New York, NY 10011
(Address
of Principal Executive Offices) (Zip Code)
(212)
-204-7926
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
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:
☐
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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: None.
Securities
registered pursuant to Section 12(g) 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
1.01 Entry into A Definitive Material Agreement
On
August 23, 2021, Global Tech Industries Group, Inc., a Nevada corporation (“GTII”), and We SuperGreen Energy Corp (“WSGE”)
signed a binding letter agreement to engage in a merger/business combination, for the best interests of the shareholders of both GTII
and WSGE, pursuant to which WSGE will become a wholly-owned subsidiary of GTII. The shareholders of WSGE (the “WSGE Shareholders”)
will become the majority shareholders of GTII, owning that amount of newly-issued common stock of GTII (the “GTII Common Stock”)
to be mutually-agreed upon by the parties and memorialized in a stock purchase agreement, subject to the terms and conditions set forth
in the agreement. The completion of an audit of the financial statements of WSGE since its inception, inclusive of the starting balance
sheet as of its inception date (the “Audited Financial Statements”), by an auditor that is subject to the public corporation
accounting oversight board (“PCAOB”), and acceptable to GTII is a condition to be met before the closing of the transaction
can occur.
Item
9.01 (d) Exhibits
10.1 Letter Agreement by and between Global Tech Industries Group, Inc and We SuperGreen Energy Corp., dated August 23, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant
to the requirements of Section 13 or 15(d) 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.
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Global
Tech Industries Group, Inc.
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Date:
August 26, 2021
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By:
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/s/
David Reichman
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Chairman
& CEO
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Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.
Global Tech Industries (CE) (USOTC:GTII)
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