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.