Global Technologies Ltd Stock Price, News & Analysis

Global Technologies, Ltd (OTC Pink: GTLL) announced a significant update regarding its subsidiary Tersus Power, which is developing a proactive hydrogen production management software. This innovative solution aims to implement a zero-touch operational model that optimizes production by adjusting levels based on demand, minimizing overhead, and extending equipment lifespan. The software incorporates advanced analytics for financial insights and predictive planning, applicable to various scales of operation. Tersus Power is positioned to revolutionize hydrogen production dynamics.

Global Technologies, Ltd. (GTLL) announced a spin-off of its subsidiary, Markets on Main, LLC, converting it into a for-profit corporation named Markets on Main, Inc. Shareholders will receive shares based on their current holdings in GTLL. The spin-off is part of a broader merger with Tersus Power, with specific details on the Record Date to be released in mid-January 2022. Following the spin-off, GTLL will retain a 19.99% interest in the new entity, distributing 80.01% of shares to GTLL shareholders.

Global Technologies, Ltd (OTC Pink: GTLL) has announced an update on its subsidiary, Tersus Power, which is generating revenue through multiple channels in the hydrogen industry. Tersus Power has made $1,775,000 in its first year from engineering consulting. Its flagship product, the Modular Hydrogen Fueling Station, is projected to sell for $6.5 million each, aligning with California's goal of expanding hydrogen refueling stations. The demand for hydrogen is rising, with projections for global consumption reaching 80 million tons/year.

Global Technologies, Ltd (OTC Pink: GTLL) announces the appointment of Ed Green, P.E. as Chief Engineer of Tersus Power, effective immediately. Mr. Green brings over 35 years of experience in mechanical design and project management, focusing on hydrogen generation technologies. He will lead the engineering team to develop a compact hydrogen generator, which can be integrated into existing gas stations. This project aims to support the shift to hydrogen fuel for transportation, addressing demand in light-duty and heavy-duty vehicles.

Global Technologies, Ltd (OTC Pink: GTLL) announced updates regarding Tersus Power’s hydrogen production and dispensing station. This innovative station is designed to produce 1,250 kg of hydrogen daily, addressing the rising demand for hydrogen fueling infrastructure. Key benefits include reduced initial investment, lower operational costs, and onsite hydrogen production. This aligns with California's goal of having 1.5 million zero-emission vehicles by 2025, highlighting a significant market opportunity, as the hydrogen sector is projected to reach $130 billion in the USA by 2030.

Global Technologies, Ltd (GTLL) has announced a Letter of Intent to acquire Tersus Power, Inc., a company focused on modular hydrogen fueling stations. This acquisition aims to enhance GTLL's presence in the alternative energy sector, especially with the increasing demand for hydrogen fuel. Tersus Power generated over $2 million in revenue in 2021 and is debt-free. The acquisition aligns with the U.S. government’s $9.5 billion investment in hydrogen infrastructure under the recent bipartisan bill. The deal is expected to close in Q1 2022.

Global Technologies, Ltd (GTLL) addresses recent stock price declines in a press release dated November 11, 2021. The company reassures investors, stating that all material information has been disclosed in prior filings and that operations continue to progress without disruption. GTLL operates in online sales of CBD products, intellectual property acquisition, and e-commerce solutions. The company refrains from speculating on stock trading activity but emphasizes that there are no undisclosed events impacting stock performance.

Global Technologies, Ltd (OTC Pink: GTLL) is enhancing its balance sheet by cutting accounts payable by $500,000 and reducing notes payable by over $420,000 without issuing new stock. The company operates through subsidiaries, including Markets on Main and HMNRTH, focusing on CBD and hemp products and e-commerce services. They also maintain a 25% stake in Global Clean Solutions. GTLL is evaluating further business combinations and aims to update shareholders as negotiations advance.

Global Technologies, Ltd (GTLL) has announced a legal complaint against certain shareholders to recover over 3.4 billion shares of its common stock. The company seeks to void transactions deemed fraudulent, aiming to reduce its total shares outstanding to approximately 11.6 billion. A revamped corporate website will launch today, with more user-friendly features to follow. A corporate update detailing operations and capital structure is expected by the week of February 15, 2021.