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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange
Act of 1934
Date of Report (Date of earliest event reported): November
3, 2025 (November 1, 2025)
Global Tech Industries Group, Inc.
(Exact name of registrant as specified in its charter)
| Nevada |
|
000-10210 |
|
90-1604380 |
| (State or other jurisdiction |
|
(Commission |
|
(IRS Employer |
| of incorporation) |
|
File Number) |
|
Identification No.) |
120 State Ave Ne, Ste 1014
Olympia, Washington 98501
(Address of Principal Executive Offices) (Zip Code)
(206) 963-1094
(Registrant’s telephone number, including area code)
511 Sixth Avenue, Suite 800
New York, New York 10011
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13(c)(c)) |
Securities registered pursuant to Section 12(b) of the Act:
None.
Securities registered pursuant to Section 12(g) of the Act:
| Title of each Class |
|
Trading Symbol |
|
Name of each exchange on which registered |
| Common Stock |
|
GTII |
|
N/A |
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth
company ☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
Fifth Interim Report
As disclosed in a Current Report on Form
8-K filed October 28, 2024, on September 18, 2024, in a case styled White Rocks (BVI) Holdings Inc., et al., v. Reichman, et al., Case
No.: A-24-896359-B, Clark County, Nevada, District Court, the Court entered an Order Appointing Receiver (the “Receivership
Order”) of Global Tech Industries Group, Inc., a Nevada corporation (the “Company”). Pursuant
to the Receivership Order, Paul L. Strickland (the “Receiver”) was appointed as receiver of the Company.
In accordance with the Receivership Order,
the Receiver has filed a Fifth Interim Report dated November 1, 2025, with the Court, a copy of which is as Exhibit 99.1 to, and incorporated
by reference in, this Current Report.
Default
Judgment Against Astra Energy, Inc.
On
November 3, 2025, there was filed a Notice of Entry of Clerk’s Entry of Default Against Defendant Astra Energy, Inc. (the “Default
Judgment”) in a case styled TTII Strategic Acquisitions and Equity Group, Inc., a Delaware corporation, by and through
the Court-Appointed Receiver v. Astra Energy, Inc., Ronald Loudoun, et al., Case No.: A-25- 923753-C, Clark County, Nevada, District
Court.
On
or about July 21, 2025, TTII Strategic Acquisitions and Equity Group, Inc. (“TTII”), a subsidiary of the Company,
by and through the Receiver, filed a Complaint against Astra Energy, Inc. (“Astra”) seeking damages for Astra’s
breach of a February 16, 2023, Loan Agreement and Secured Promissory Note (the “Astra Agreement”). Under the
Agreement, TTII loaned Astra the principal sum of $100,000.00, for a 12-month term, with a maturity date of February 16, 2024, and an
annual interest rate of 10%. Under the Astra Agreement, at the end of each quarter, Astra was obligated to pay the accumulated interest
for that quarter. The entire principal and final interest payment was due on the maturity date. If Astra failed to make timely interest
payments, TTII would be permitted to assess a $500 late fee per day. Additionally, Astra’s obligations under the Astra Agreement
were secured by an assignment of Patent Number US 2020/0164381 A1, held in the name of Astra’s subsidiary, Regreen Technologies,
Inc. The Astra Agreement provides, in pertinent part, that “Should the Borrower fail to pay the Principal and the outstanding interest
on that date, the Borrower [Astra] acknowledges and agrees that the security pledged to the Lender [TTII] shall become the property of
the Lender [TTII].” Astra failed to make any payment required under the Astra Agreement. Additionally, Ronald Loudoun executed
the Astra Agreement as personal guarantor of all obligations of Astra under the Astra Agreement. The Receiver intends to pursue all available
legal actions to collect on the Default Judgment.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. |
|
Description of Exhibit |
|
99.1
|
|
Interim Report of Receiver, dated November 1, 2025
|
| 104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL Document). |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
Date: November 3, 2025.
| |
GLOBAL TECH INDUSTRIES GROUP, INC. |
| |
|
|
| |
By: |
/s/ Paul Strickland |
| |
|
Paul Strickland |
| |
|
Court-Appointed Receiver |
