Global Tech Industries Group, Inc. completed the acquisition of acquire Classroom Salon, LLC from A.T. Gekko, LLC.
December 29, 2021
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Global Tech Industries Group, Inc. (OTCPK:GTII) signed a non-binding Letter of Intent to acquire Classroom Salon, LLC from A.T. Gekko, LLC on October 5, 2021. As of November 22, 2021, Global Tech Industries Group, Inc. announced it has extended, for thirty days, the negotiation period with Classroom Salon to December 30, 2021. Global Tech Industries Group and Classroom Salon have reached an agreement in principle and anticipate execution of a definitive purchase agreement by December 30, 2021. Global Tech Industries Group, Inc. (OTCPK:GTII) signs purchase agreement to acquire Classroom Salon, LLC from A.T. Gekko, LLC for $12.6 million on December 18, 2021. As part of the consideration, Global Tech will issue 10 million shares. The transaction is expected to close within 30 days.
Global Tech Industries Group, Inc. (OTCPK:GTII) completed the acquisition of acquire Classroom Salon, LLC from A.T. Gekko, LLC on December 30, 2021.
Global Tech Industries Group, Inc. specializes in the pursuit of acquiring new technologies. The Company works across various and diverse industry sectors attempting to find partners and assisting them in animating their business plans or facilitating them, through joint venture, or stock purchase, to spin out on their own. It also assists private companies, through incubation, to become public companies in their own right and in good standing. Its portfolio includes Classroom Salon and Gold Transaction International. Classroom Salon uses interfaces, workflows, and algorithms, providing a tool to author, deploy, teach, and assess school courses, seminars, and other study groups and then integrate them with other learning platforms at many educational levels. Gold Transaction International with the assistance of a private network, purchases gold from artisan miners throughout the world and transports, assays, refines and sells the gold in the Dubai Multi Commodities Centre (DMCC).