Current Report Filing (8-k)
February 28 2022 - 04:09PM
Edgar (US Regulatory)
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2022-02-22 iso4217:USD xbrli:shares iso4217:USD xbrli:shares
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):
February 22, 2022
Global Tech Industries Group, Inc.
(Exact
name of registrant as specified in its charter)
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Nevada |
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000-10210 |
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83-0250943 |
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(State
or Other Jurisdiction |
|
(Commission |
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(I.R.S.
Employer |
|
of
Incorporation) |
|
File
Number) |
|
Identification
No.) |
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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☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
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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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☐ |
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: None.
Securities
registered pursuant to Section 12(g) of the Act:
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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 |
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
2.01 Completion of Acquisition or Disposition of
Assets
On
February 25, 2022, Global Tech Industries Group, Inc. (the
“Company”) successfully completed the acquisition of Classroom
Salon Holdings, LLC. (“Classroom Holdings”), which previously
completed the acquisition of Classroom Salon, LLC. .(“Classroom
Salon”) on January 18, 2022. The purchase price was ten million
(10,000,000) shares of the Company’s common stock.
The
Company is also filing this Form 8-K to provide the amended license
between Classroom Salon and Carnegie Mellon University, the
financial statements of Classroom Salon and the proforma
information required by Item 9.01 of Form 8-K with respect to the
acquisition of Classroom Salon.
Item
9.01 Financial Statements and Exhibits
(a)
Financial Statement of Businesses Acquire
The
audited financial statements as of and for the years ended December
31, 2021, and 2020 and related notes, are filed as Exhibit 99.1 to
this report and incorporated herein by reference.
(b)
Proforma Financial Information
The unaudited pro forma condensed combined balance sheet as of
September 30, 2021, and the unaudited proforma condensed combined
statement of operations for the year ended December 31, 2021,
showing the pro forma effects of the Company’s acquisition of
Classroom Salon, LLC., and related notes, are filed as Exhibit
99.2.to the report and are incorporated herein by reference.
(c)
Exhibits
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.
| |
Global
Tech Industries Group, Inc. |
| |
|
|
Date: February 28, 2022 |
By: |
/s/
David Reichman |
| |
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Chairman
& CEO |
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 (QB) (USOTC:GTII)
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