Mergers & Acquisitions ·
GBT Technologies acquires 5% stake in No Camera Films via $1M convertible note and appoints Richard Taw as CMO
GTCHGBT Technologies Inc.
GBT Technologies Inc. acquired a five percent equity interest in AI film studio No Camera Films by issuing a $1,000,000 convertible promissory note to Mindatorium Inc., the parent company of No Camera Films. The note bears 8% annual interest and converts into common stock at $0.10 per share. Concurrently, GBT appointed Richard Taw as Chief Marketing Officer and Board member, and Thomas Hartmann as Vice President of Film Development for its subsidiary Cube X Media. These moves support a strategic partnership to produce AI-generated proof-of-concept reels for independent filmmakers. GBT Technologies Inc. is a development-stage technology company focused on artificial intelligence, IoT, and intelligent platform technologies.