Global Technologies, Ltd. Increases Shareholder Equity Through Preferred Stock Exchange
Global Technologies, Ltd. Increases Shareholder Equity Through Preferred Stock Exchange
Company Takes Steps to Uplist to NASDAQ or a National Exchange
公司採取措施在納斯達克或國家交易所上市
PARSIPPANY, New Jersey, June 27, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC Pink: GTLL) (the "Company"), is pleased to announce that it has entered into a Share Exchange Agreement to increase the Company's shareholder equity.
新澤西州帕西帕尼，2024年6月27日（GLOBE NEWSWIRE）——環球科技有限公司（場外交易代碼：GTLL）（“公司”）欣然宣佈，它已簽訂股票交易協議，以增加公司的股東權益。
On June 25, 2024, the Company filed a designation for a new series of preferred stock, titled Series N Preferred Stock ("Series N"), with the Secretary of State of the State of Delaware. The Holders of the Series N shall vote together with the outstanding shares of Class A Common Stock and have a fixed conversion price of $.50 per share.
2024年6月25日，公司向特拉華州國務卿申請了名爲N系列優先股（“N系列”）的新優先股的指定。N系列的持有人應與A類普通股的已發行股份一起投票，固定轉換價格爲每股0.50美元。
On June 26, 2024, the Company entered into a Share Exchange Agreement (the "Agreement") with each of the Holders of the Company's Series L Preferred Stock (the "Series L"). As of the date of the Agreement, there were a total of 339 shares of Series L outstanding. As per the terms of the Agreement, shares of Series L were exchanged for shares of the newly designated Series N. A total of 1,864,500 shares of Series N were issued. All outstanding shares of Series L were retired.
2024年6月26日，公司與公司L系列優先股（“L系列”）的每位持有人簽訂了股票交換協議（“協議”）。截至協議簽署之日，L系列共有339股已發行股票。根據協議條款，L系列的股份被交換爲新指定的N系列的股份。共發行了1,864,500股N系列股票。L系列的所有已發行股票均已退回。
The exchange of outstanding Series L shares for Series N shares increases the Company's shareholder equity by approximately $1.8 million.
將已發行的L系列股票換成N系列股票，使公司的股東權益增加了約180萬美元。
"Over the past 12 months, we have taken steps to increase shareholder equity through an expansion of our operations and subsequent increase in revenue, decrease in debt and other measures," said Fredrick Cutcher, Chief Executive Officer of Global Technologies, Ltd. "We are extremely excited to keep pushing forward to our goal of an uplist to the NASDAQ or a National Exchange."
環球科技有限公司首席執行官弗雷德裏克·卡徹說：“在過去的12個月中，我們已採取措施，通過擴大業務、隨後增加收入、減少債務和其他措施來增加股東權益，我們非常高興能夠繼續推進我們在納斯達克或國家交易所上架的目標。”
Further details on the Company's Series N Preferred Stock and the Share Exchange Agreement can be found within the Company's Current Report on Form 8-K on the Securities and Exchange Commission's website at www.sec.gov or on the Company's website at
.
有關公司N系列優先股和股票交易協議的更多詳細信息，可在美國證券交易委員會網站上發佈的公司8-K表最新報告中找到 www.sec.gov 或在公司的網站上
。
About Global Technologies, Ltd.:
關於環球科技有限公司：
Global Technologies, Ltd, based in Parsippany, NJ, is a multi-operational company with a strong desire to drive transformative innovation and sustainable growth across the technology and service sectors, empowering businesses and communities through advanced, scalable solutions that enhance connectivity, efficiency, and environmental stewardship. The Company envisions a future where technology seamlessly integrates into every aspect of life, improving the quality of life and the health of the planet. Our vision is to lead the industries we serve with groundbreaking initiatives that set new standards in innovation, customer experience, and corporate responsibility, thereby creating enduring value for all stakeholders. For further information, please visit the Company's website at .
Global Technologies, Ltd總部位於新澤西州帕西帕尼，是一家多運營公司，強烈希望推動技術和服務領域的變革性創新和可持續增長，通過先進的、可擴展的解決方案增強企業和社區的連接、效率和環境管理。該公司設想的未來技術將無縫融入生活的方方面面，從而改善生活質量和地球健康。我們的願景是通過開創性的舉措引領我們所服務的行業，爲創新、客戶體驗和企業責任設定新的標準，從而爲所有利益相關者創造持久的價值。欲了解更多信息，請訪問該公司的網站。
Forward-Looking Statements and Disclaimer
前瞻性陳述和免責聲明
Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.
本新聞稿中表達公司或管理層對未來事件的意圖、計劃、信念、預期或預測的聲明均爲前瞻性陳述。“相信”、“期望”、“打算”、“估計”、“預期”、“將” 等詞語旨在進一步識別此類前瞻性陳述，儘管並非所有前瞻性陳述都包含這些識別詞。這些陳述基於許多假設，受許多已知和未知的風險、不確定性和其他因素的影響，這些因素可能導致公司的實際活動、業績或業績與此類前瞻性陳述中的預期或預測存在重大差異。公司無法保證未來的財務業績；活動水平、業績或成就以及投資者不應過分依賴公司的前瞻性陳述。本新聞稿中包含的任何信息均不應解釋爲對公司未來財務業績、未來收入或未來股價的任何指示。此處包含的前瞻性陳述代表公司截至本新聞稿發佈之日的判斷，公司明確表示不打算更新或修改此類前瞻性陳述以反映公司對該前瞻性陳述的預期的任何變化或任何此類陳述所依據的事件、條件或情況的任何變化。本新聞稿中的任何信息均不應解釋爲對公司未來收入或經營業績的任何指示。
Contact:
聯繫人：
Global Technologies, Ltd
(973) 233-5151
info@globaltechnologiesltd.info
環球技術有限公司
(973) 233-5151
info@globaltechnologiesltd.info
譯文內容由第三人軟體翻譯。