false 0000356590 0000356590 2025-06-10 2025-06-10 0000356590 dei:FormerAddressMember 2025-06-10 2025-06-10 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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): June 10, 2025 (June 9, 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.

 

Further, as disclosed in a Current Report on Form 8-K filed May 27, 2025, on May 22, 2025, the Receiver filed with the Court an Omnibus Objection to Identified Shares Of Illicit GTII Common Stock Held by Identified Shareholders and Motion for Order (I) Barring the Transfer Of and Establishing Procedures Concerning the Designation of Shares as Illicit Shares and (II) Approving the Receiver’s Entry Into Release Agreements with Respect to Such Illicit Shares (the “Receiver’s Objection”).

 

On June 9, 2025, the Receiver’s Objection was granted by the Court (the “Freeze Order”), such that the sale, assignment, transfer or other hypothecation, regardless of form, of the relevant shares is prohibited until the later of (1) all of the holder’s shares are surrendered and accepted by the Receiver; (2) the Court enters an order that the shares of that holder are no longer subject to the Freeze Order; or (3) the receivership is dissolved. The shares subject to the Freeze Order are listed below:

 

AI Commerce, LLC   20,000,000 shares   Dale Marr   297,000 shares
American University   11,000 shares   Evelyn Alsultany   517,000 shares
Ann Muriel, Marcos Muriel       Fabian Alsultany   6,900,600 shares
Zuleta JT TEN   200,000 shares   Frances R. Davidson Frances    
Antonella Bogliolo   165,000 shares   Davidson Trust   385,000 shares
Arthur Schwartz   599,179 shares   Frank Benintendo   5,369,004 shares
Anthony Matassa   550,000 shares   Functional Health Strategies, LLC   225,000 shares
Bill Glaser   550,000 shares   Gabriele Falanga   3,025,000 shares
Bio Energy System Management LLC   163,624 shares   Gabriel Neagu   55,000 shares
Bull Consulting Group, Inc.   165,000 shares   Gregg Frankn (Back Home Safely)   8,500 shares
Barbara T Anderson Irrevocable Trust   340,900 shares   Hans And Rosy Epstein Memorial    
Bethany Dudek   125,000 shares   Committee, Inc   21,185,503 shares
Ben Nehmadi   11,000 shares   Hosam El Sheha   11,000 shares
Brent Golub   50,000 shares   Howard Duchin   142,773 shares
Christopher Cecil   165,000 shares   Icahn School Of Medicine, F/b/o    
Cya Esq Holdings, LLC   768,000 shares   Biodesign Institute   1,600,000 shares
Daniel Bassal Trust   440,000 shares   Icahn School Of Medicine, F/b/o    
David Reichman   44,655,550 shares   Dr. Joshua Bederson Fellowship   2,700,000 shares
Daniel Marcus   320,000 shares   Icahn School Of Medicine   321,800 shares
Derek Gilbert   550,000 shares   Ithica College   11,000 shares
Donald Gilbert   5,279,245 shares   Janice Keating   199,600 shares
Dr. Eric Frank   100,000 shares   Joel Osteen Ministries   88,000 shares
Dr. Stephen Freedland   155,000 shares   John Morrissey   126,500 shares
David C. Horton   11,000 shares   John Scrudato   2,501,900 shares
Paula Hill   121,002 shares   Phil Fehr   643,982 shares
Pace College   11,000 shares   Randy Clark   275,000 shares
Paul Brownstein Trust   524,755 shares   Richardson & Associates   458,689 shares
Peter Dichiara   68,555 shares   Richardson & Patel LLP   110,000 shares
Justine Richman   7,332,261 shares   Raphael Costa   11,000 shares
Karen Frank   210,000 shares   Robert O’Connor   660,000 shares
Katerina Tsernou   55,000 shares   Rudy Durand   137,500 shares
Kathy M Griffin   13,395,611 shares   Rachel Wallitt   110,000 shares
Kathy & David Griffin JT   275 shares   Robert Hantman   365,896 shares
Kent Jacobs   275,000 shares   S.F. Irrevocable Trust   3,005,300 shares
Leslie Schlachter   502,919 shares   Scott Olifant   137,500 shares
Afshin Luke Rahbari   8,600,000 shares   Shaye Jacobson   200,000 shares
Margaret Williams   100,000 shares   Spencer J. Richardson   1,042,350 shares
Matthew Martinez   66,000 shares   Stephen Karig   100,000 shares
Michael Valle   1,510,900 shares   Susan Deluca   374,000 shares
Margaret Griffin   200,000 shares   Theresa O’Reill   22,000 shares
Mark Richardson   303,901 shares   Tsuimei Wang   417,496 shares
MJ Macaluso Trust   296,750 shares   Tsui Lin Wang   90,000 shares
Nathalie Ghidalia   11,550,000 shares   The Anne Frances Trust   2,282,850 shares
Northeastern University   121,000 shares   Wimase Limited   163,624 shares
Panlunas Holdings Trust   270,000 shares   Warren Markowitz   1,050,921 shares
Paul Pelosi Jr.   27,500 shares   Woodcliff Lake Rehabilitation Center   2,750 shares

 

Total Shares Subject to Freeze Order: 178,247,965 shares

 

A copy of the Freeze Order 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

  

Order Granting Requests to Restrict Transfer of Shares and Continuance of Motion Hearing to June 18, 2025, dated June 9, 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: June 10, 2025.

 

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

 

 

 

 

Exhibit 99.1

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

v3.25.1
Cover
Jun. 10, 2025
Entity Addresses [Line Items]  
Document Type 8-K
Amendment Flag false
Document Period End Date Jun. 10, 2025
Entity File Number 000-10210
Entity Registrant Name Global Tech Industries Group, Inc.
Entity Central Index Key 0000356590
Entity Tax Identification Number 90-1604380
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 120 State Ave Ne
Entity Address, Address Line Two Ste 1014
Entity Address, City or Town Olympia
Entity Address, State or Province WA
Entity Address, Postal Zip Code 98501
City Area Code (206)
Local Phone Number 963-1094
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol GTII
Entity Emerging Growth Company false
Former Address [Member]  
Entity Addresses [Line Items]  
Entity Address, Address Line One 511 Sixth Avenue
Entity Address, Address Line Two Suite 800
Entity Address, City or Town New York
Entity Address, State or Province NY
Entity Address, Postal Zip Code 10011
Global Tech Industries (CE) (USOTC:GTII)
Historical Stock Chart
From Jun 2025 to Jul 2025 Click Here for more Global Tech Industries (CE) Charts.
Global Tech Industries (CE) (USOTC:GTII)
Historical Stock Chart
From Jul 2024 to Jul 2025 Click Here for more Global Tech Industries (CE) Charts.