Current Report Filing (8-k)
September 16 2020 - 4:06PM
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): September 16, 2020
Commission
File Number 000-54530
GBT
TECHNOLOGIES INC.
(Exact
name of small business issuer as specified in its charter)
Nevada
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27-0603137
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(State
or other jurisdiction of
incorporation or organization)
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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)
888-685-7336
(Issuer’s
telephone number)
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))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Not
Applicable.
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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. ☐
On
or about September 10, 2020, GBT Technologies Inc. (the “Company”) through its agent of service was served with a
complaint that was recently filed against the Company and third parties by Robert Warren Jackson and Gregory Bauer in Los Angeles
Superior Court Case No.: 20STCV32709 (“Second lawsuit”). In the original lawsuit filed by Mr. Jackson (the “Original
Lawsuit”) in the Los Angeles Superior Court Case No.: 19STCV03320), the court rejected the plaintiff’s claims that
they were filing a purported quasi-derivative lawsuit. As such, in this current litigation, the plaintiff is now again claiming
the action is a derivative lawsuit.
As
a reminder, in the Original lawsuit, the Company filed a cross complaint against the plaintiff and other third parties. Recently,
the court has scheduled various hearings and a trial date set for December 27, 2021.
As
disclosed in prior filings of the Company, it was the Company intention to dividend its holdings of its wholly owned subsidiary
Ugopherservices Corp. (“UGO”). As Ugo is the main dispute in the litigations described above, the Company has elected
to sell Ugo to a third party effective July 1, 2020, which final negotiations are being held now.
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:
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September
16, 2020
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