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Global Tech Industries (GTII) is a leading technology company based in New York, NY. They specialize in developing cutting-edge solutions for various industries, including software development, AI, cybersecurity, and cloud computing. With a strong focus on innovation, GTII is at the forefront of technological advancements, driving growth and success in today's competitive market.
Global Tech Industries Group, Inc. (GTII) has addressed recent stock market activity, attributing it to stock price movements related to Warrants issued on April 6, 2021. The Company noted increased buying interest as the market price approached the Warrant exercise price of $2.75. Additionally, GTII signed a Stock Purchase Agreement with Wildfire Media on September 14, 2022. Directors sold stock under a 10B5 plan, finalized on June 23, 2022, allowing for monthly sales over a year. The Company has not engaged new investor relations recently.
Global Tech Industries Group, Inc. announced it will maintain the original exercise price of $2.75 for its warrants, as the underlying common stock was registered with the SEC. This decision aligns with the company's intent to reward loyal shareholders without causing complications related to amendments in the registration. Shareholders can exercise their Warrants through Liberty Stock Transfer, Inc. The company continues to explore innovative technologies for acquisition, while highlighting the potential risks and uncertainties in its forward-looking statements.
Global Tech Industries Group, Inc. (GTII) announced plans to reduce the exercise price of its Warrants from the original price to $2.00. This change is expected to be effective by October 7, 2022, pending necessary documentation. Shareholders can reach out to the company's transfer agent, Liberty Stock Transfer, Inc., for inquiries regarding this adjustment. GTII will also file an amendment to its registration statement on Form S-1 to register shares of common stock related to the new Warrant pricing.
Global Tech Industries Group, Inc. (GTII) announced a reduction in the strike price of its Warrants from $2.75 to $2.00, enhancing shareholder participation opportunities. The change aims to reward loyal shareholders and the adjustment process will begin shortly. Shareholders of record as of April 1, 2021, will receive 0.10 Warrants per share owned, with the option to exercise until April 8, 2023. Additionally, GTII is considering a new Warrant Distribution program with a proposed strike price of $3.50, indicating ongoing initiatives to foster shareholder engagement.
Global Tech Industries Group, Inc. (GTII) announced a Share Exchange Agreement with Wildfire Media Corp., aimed at enhancing client acquisition and marketing in the legal sector. The agreement involves GTII issuing 100 million restricted common shares in exchange for Wildfire Media's outstanding shares. Wildfire Shareholders can earn an additional 100 million shares if Wildfire achieves $25 million in gross revenue. Wildfire Media currently holds $85 million in receivables. The transaction's closure is contingent on specific conditions, including due diligence and financial audits.
Global Tech Industries Group (OTCQB: GTII) announced a Share Exchange Agreement with Wildfire Media Corp., allowing GTII to acquire all outstanding shares of Wildfire Media. In this agreement, GTII will issue 100 million restricted common shares and Wildfire's shareholders could earn an additional 100 million shares based on performance metrics. The deal aims to enhance GTII's revenue and help it achieve its long-term goal of an uplisting to a national exchange. The transaction is subject to customary conditions, including the provision of audited financial statements.
Global Tech Industries Group (OTCQB: GTII) announced that FINRA declined its request for a digital dividend on July 28, 2022, due to processing limitations with DTCC for most shareholders. In response, GTII is negotiating with a digital securities firm to enable future digital dividends and urges shareholders to send their request forms to Liberty Stock Transfer. CEO David Reichman expressed disappointment but remains committed to rewarding shareholders.
Global Tech Industries Group (GTII) is facilitating the processing of digital dividend requests from shareholders via its transfer agent, Liberty Stock Transfer, Inc. As of July 26, 2022, the company encourages shareholders to follow specific instructions to receive their dividends, available through the company website or physical mailing. The release underscores GTII's focus on acquiring innovative technologies while emphasizing the ongoing processes related to shareholder dividends.
Global Tech Industries Group, Inc. (OTCQB: GTII) has requested market makers to review their trading practices for GTII shares. The company expressed concerns that some market makers are not providing regular quotes that meet market standards, potentially affecting the legitimacy of their activities. GTII hopes for prompt compliance to maintain an orderly market for its shares. The company specializes in acquiring innovative technologies and is committed to transparency regarding its market-making activities.
Global Tech Industries Group, Inc. (GTII) has communicated with FINRA regarding its digital dividend, offered to shareholders of record as of May 9, 2022. The application for distributing Shibu Inu tokens was submitted on May 3, 2022. After FINRA's inquiries about the token's acquisition, GTII responded on May 18, 2022. The company plans to distribute the tokens through its website once approved. A request form for shareholders was mailed on June 8, 2022, and remains available online.