Creditor bar date extended at Global Tech Industries (GTII) amid receivership

Rhea-AI Filing Summary

Global Tech Industries Group, Inc. reports a receivership-related development involving certain creditors. The company is under a court-appointed receivership in a Nevada case in which Paul L. Strickland serves as receiver. On September 22, 2025, the receiver and four alleged creditors—Bronx Family Eyecare, Nikolay Bitsenko, Michael Andreyev and Dr. Igor Kirzhner—filed a Stipulation and Order. This filing extends the established creditor claims bar date from September 15, 2025 to November 14, 2025, but only for these four alleged creditors. The parties have reached terms to settle these creditors’ claims and are working to document a written settlement agreement and related releases, which will be subject to court approval. A copy of the stipulation is included as an exhibit.

Insights

Distressed securities and restructuring analyst

Receivership case advances as four creditors move toward a court-approved settlement.

This update shows Global Tech Industries Group, Inc. progressing within an existing receivership process rather than starting a new one. The court-appointed receiver, Paul L. Strickland, and four alleged creditors have agreed to extend their specific claims bar date to November 14, 2025, allowing time to finalize settlement documentation.

The stipulation indicates that settlement terms with these creditors have been reached in principle, with a written agreement and releases to follow, all subject to court approval. That suggests a potential narrowing of outstanding creditor issues, although financial amounts are not detailed in this excerpt.

Future developments will depend on whether the court approves the settlement in the Nevada district court case and how remaining creditors, if any, are addressed. Subsequent company disclosures may clarify how many claims remain unresolved and how the receivership progresses from here.

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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): September 26, 2025 (September 22, 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.

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.

On September 22, 2025, the Receiver and four alleged creditors of the Company (collectively, the “Alleged Creditors”), Bronx Family Eyecare, Nikolay Bitsenko, Michael Andreyev and Dr. Igor Kirzhner, filed a Stipulation and Order (the “Stipulation”). The Stipulation extends the established September 15, 2025, creditor claims bar date (the “Bar Date”) until November 14, 2025, only with respect to the Alleged Creditors. The Stipultation was filed, in light of the fact that the Receiver and the Alleged Creditors have reached terms to settle the Alleged Creditors’ claims and are in the process of reducing those terms into a written settlement agreement and releases, all of which will be subject to Court approval.

A copy of the Stipulation is attached as Exhibit 99.1 to, and incorporated by reference in, this Current Report.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.		Description of Exhibit
99.1		Stipulation and Order, filed September 22, 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: September 26, 2025.

	GLOBAL TECH INDUSTRIES GROUP, INC.
	By:	/s/ Paul Strickland
		Paul Strickland
		Court-Appointed Receiver

FAQ

What does Global Tech Industries Group, Inc. (GTII) disclose in this 8-K?

The company reports that its court-appointed receiver and four alleged creditors filed a Stipulation and Order extending the creditor claims bar date for those creditors and outlining that they have agreed on terms to settle the creditors’ claims, subject to court approval.

Is Global Tech Industries Group, Inc. (GTII) under a court-appointed receiver?

Yes. A Nevada district court previously entered an Order Appointing Receiver for Global Tech Industries Group, Inc., and Paul L. Strickland serves as the court-appointed receiver for the company.

Which creditors are covered by the extended bar date for GTII?

The extension applies only to four alleged creditors of Global Tech Industries Group, Inc.: Bronx Family Eyecare, Nikolay Bitsenko, Michael Andreyev and Dr. Igor Kirzhner.

How was the creditor bar date changed for GTII in this filing?

The established creditor claims bar date of September 15, 2025 was extended until November 14, 2025, but only for the four specified alleged creditors that entered into the Stipulation and Order with the receiver.

Are the creditor claims against Global Tech Industries Group, Inc. already settled?

The receiver and the four alleged creditors have reached terms to settle the creditors’ claims and are working to reduce those terms into a written settlement agreement and releases, which will require court approval before becoming effective.

What exhibit is attached to GTII’s 8-K related to the receivership matter?

The filing attaches as Exhibit 99.1 the Stipulation and Order filed on September 22, 2025, along with a cover page interactive data file identified as Exhibit 104.