UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT
REPORT
Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934
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Item 1.01. Entry into a Material Definitive Agreement.
On January 28, 2022, GBT Technologies Inc. (the “Company”) entered into a Stock Purchase Agreement with Marko Radisic (the “Seller”) and Touchpoint Group Holdings, Inc. (“Touchpoint”) pursuant to which the Company acquired 10,000 shares of Series A Convertible Preferred Stock (the “Touchpoint Preferred”) from the Seller in consideration of $125,000. The Touchpoint Preferred is convertible into 10,000,000 shares of common stock of Touchpoint and cannot be diluted regardless of any future corporate action by Touchpoint. Accordingly, the Touchpoint Preferred will always convertible into 10,000,000 shares of common stock of Touchpoint as if no corporate action has occurred.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following documents are filed as Exhibits:
| Exhibit No. | Description |
| 10.1 | Stock Purchase Agreement between GBT Technologies Inc., Marko Radisic and Touchpoint Group Holdings, Inc. dated January 28, 2022 |
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 hereunto duly authorized.
| GBT TECHNOLOGIES INC. | ||
| By: | /s/ Mansour Khatib | |
| Name: Mansour Khatib | ||
| Title: Chief Executive Officer | ||
| Date: February 2, 2022 | ||