Globl Tech Indus Stock Price, News & Analysis

Global Tech Industries Group, Inc. (GTII) announced it has no immediate plans for new financing agreements. The company continues to execute its business plan on schedule, aiming for revenue realization soon. Shareholders are reminded about the dividend in the form of a Warrant, announced on March 22, 2021, available to those on record as of April 1, 2021. CEO David Reichman expressed satisfaction with recent acquisitions, suggesting potential growth ahead of schedule.

GTII has executed a binding Stock Purchase Agreement with Bronx Family Eye Care, effective March 31, 2021. This acquisition marks a strategic move for GTII, making Bronx Family Eye Care a wholly owned subsidiary. Shareholders from Bronx Family Eye Care received 2,650,000 shares of GTII common stock. The deal, finalized ahead of schedule, highlights the professional collaboration between both parties. GTII is focused on acquiring innovative technologies and potential business partnerships to drive future growth.

GTII announced a partnership with Alliance Advisors, LLC to assist shareholders in obtaining and exercising their Warrants. This process allows shareholders, as of April 1, 2021, to have their Warrants moved to GTII’s Transfer Agent, Liberty Stock Transfer Co., Inc.. Once allocated, shareholders can request the necessary account details from their brokers for direct issuance. For inquiries regarding the Warrant Distribution, they can contact GTII via email or phone.

Global Tech Industries Group, Inc. (GTII) has signed a definitive stock purchase agreement with Bronx Family Eye Care, Inc., enhancing its portfolio in the optometry sector. The acquisition aligns with GTII's growth strategy, as Bronx Family Eye Care operates four locations in New York and has demonstrated revenue and profit generation. President Kathy Griffin highlighted the acquisition's positive impact on GTII's balance sheet, positioning the company for growth in Q2 2021. GTII plans to seek additional eye care acquisitions to capitalize on this momentum.

Global Tech Industries Group, Inc. (GTII) has provided an update on its Warrant Distribution, set for April 8, 2021. Shareholders on record as of April 1, 2021, will receive 0.10 Warrants per share held, rounding fractional Warrants to the nearest whole number. Each Warrant allows the purchase of one common share at $2.75 until April 8, 2023. Warrants will be issued in book-entry form and require no action from registered shareholders. For trading purposes, allocations for DTC participants will be made based on their positions as of the record date.

Global Tech Industries Group (GTII) announced a warrant distribution that allows common stockholders to purchase additional shares. Each shareholder will receive 1/10th of a warrant per share held, enabling the purchase of shares at $2.75 each. The record date is April 1, 2021, with distribution expected around April 8, 2021. The warrants are valid for two years. CEO David Reichman stated this initiative aims to share the company's future value with shareholders.

Global Tech Industries Group, Inc. (GTII) announced the issuance of a warrant as a dividend to shareholders. This decision follows a completed feasibility study approved by the Board of Directors. Management is actively working with SEC counsel to finalize the necessary filings with FINRA, aiming for a swift payment process. Further details regarding the dividend will be provided in the upcoming weeks. GTII's Chairman and CEO, David Reichman, expressed satisfaction with the board's efficient handling of this initiative, showcasing a commitment to rewarding loyal shareholders.

Global Tech Industries Group (GTII) announced that its Board of Directors has authorized the CEO to evaluate the possibility of declaring a dividend for common stockholders. This may include issuing warrants for purchasing common stock, designed to offer shareholders a chance to partake in the company's future growth. The feasibility of this action will be assessed, and terms including record date and exercise price will be proposed to the Board. This initiative aims to return value to shareholders while also reflecting confidence in GTII's future potential.

Global Tech Industries Group, Inc. (GTII) has signed a non-binding Letter of Intent (LOI) with Jabber Telecom, Inc. to acquire innovative telecommunications technologies. This move is part of GTII's strategy to capitalize on the growth of the telemedicine sector, which has gained traction over the past year. The definitive stock purchase agreement is anticipated within the next sixty days. Both company CEOs express optimism about the partnership's potential to enhance service offerings and expand market reach.