Welcome to our dedicated page for Globaltech news (Ticker: GLTK), a resource for investors and traders seeking the latest updates and insights on Globaltech stock.
GlobalTech Corporation (GLTK) is a U.S.-based technology holding company active in artificial intelligence, big data, telecom services, and emerging technologies. The news flow around GlobalTech, as reflected in its press releases and related SEC Form 8-K filings, covers a mix of operational updates, strategic agreements, acquisitions, financing activities, and governance developments.
Investors following GLTK news can expect regular earnings announcements, where the company discusses net revenue trends, telecom and broadband performance, and the progress of its Technology Services and Products segment. These releases often highlight developments in platforms such as BillCare, CADNZ, compliance and risk tools, Thrivo.AI, and sports management systems, providing insight into how GlobalTech is advancing its AI and data-driven offerings alongside its telecom operations.
Another key news theme is strategic partnerships and technology initiatives. Recent communications describe a non-binding Memorandum of Understanding with Omantel to explore AI and big data services, and an agreement with World Mobile Chain to deploy blockchain infrastructure and develop a digital asset treasury strategy. These items illustrate how GlobalTech seeks to integrate AI, big data, and blockchain into its service portfolio and regional collaborations.
GlobalTech’s news feed also includes M&A and investment transactions, notably the definitive agreement and subsequent closing of a 51% acquisition of 123 Investments Limited, which operates the Moda in Pelle footwear brand. The company has framed this acquisition as a way to add a new revenue stream, expand direct-to-consumer and e-commerce capabilities, and apply its Thrivo AI platform in retail.
Additional updates cover capital markets and corporate governance, including the appointment of D. Boral Capital LLC as strategic advisor for private placements and acquisitions, the closing of a convertible note financing, stockholder approval of a reverse stock split authorization, changes in auditors, and the appointment of new directors and a president. Together, these news items provide a detailed view of how GlobalTech is managing growth, financing, and oversight. For a comprehensive picture of GLTK’s trajectory, readers can review this evolving stream of earnings, transaction, partnership, and governance announcements.
GlobalTech (OTCID:GLTK) closed its acquisition of a 51% controlling interest in 123 Investments Limited d/b/a Moda in Pelle (MIP) on Dec 18, 2025.
The purchase was paid in GlobalTech common stock and Convertible Series A Preferred Stock that is convertible into common shares upon an uplisting to Nasdaq (or similar exchange) and on other specified conversion events; the preferred stock does not accrue dividends. GlobalTech said the deal aims to add a new revenue stream, strengthen its UK footprint, and activate its Thrivo AI platform to enhance MIP’s direct-to-consumer and e-commerce capabilities. A Form 8-K was filed on Dec 2, 2025 with additional transaction details.
GlobalTech (OTC:GLTK) announced on Dec. 15, 2025 that D. Boral Capital LLC will serve as its strategic advisor for the recently announced planned acquisition of 123 Investments Limited d/b/a Moda in Pelle (MIP) and will provide general financial advisory services related to the transaction.
The company said D. Boral’s expertise will support execution of the deal as GlobalTech pursues scaling and technology investments. The transaction remains subject to customary agreements, conditions and compliance, and the company cautioned there is no assurance the acquisition will be completed timely or at all. Further updates will be provided in future public filings.
GlobalTech (OTC:GLTK) entered into a definitive agreement to acquire a 51% stake in 123 Investments Limited d/b/a Moda in Pelle (MIP) on December 2, 2025.
MIP reported approximately $37 million in net revenues in its last fiscal year and operates >40 UK retail stores plus an online channel. Consideration includes GlobalTech common shares and a Convertible Series A Preferred that converts on uplisting to NASDAQ or upon other specified conditions; the preferred does not accrue dividends. The company expects closing within 30 days, subject to customary conditions, and plans to deploy Thrivo AI to enhance MIP’s e-commerce and operations.
GlobalTech (OTCID:GLTK) reported Q3 2025 results for the period ended September 30, 2025, with total revenue of $5.5 million, up 10% versus Q3 2024.
Key metrics: operating loss of $516,000 (improved from $1.1M), net loss of $713,000, adjusted EBITDA of $10,000, operating cash flow of $283,000, and cash and cash equivalents of $3.8 million (including $2.8M restricted).
Revenue drivers included telecom services of $4.6M (+5%) and broadband services of $1.3M (+397%); technology services declined to $9,000. Management highlighted commercial launches for BillCare, CADNZ, EntityScan family, Thrivo.AI, and a sports league platform, and leadership hires including a new president and director of operations.
GlobalTech (OTC: GLTK) announced a strategic agreement with World Mobile Chain (WMC) dated Oct 10, 2025 to deploy WMC’s enterprise blockchain across GlobalTech’s operations and advance its digital transformation. GlobalTech plans to integrate WMC’s onboarding suite for transaction security, digital identity, e-commerce, authentication, escrow, digital asset management, and supply chain solutions.
GlobalTech also intends to establish a long-term digital asset treasury strategy focused on WMTx to enable on-chain transactions and support operational activities; WMC will not make joint financial commitments. WMC is described as an EVM-compatible Layer 3 on Base with 2.3M daily active users and a governance layer of 1,000+ EarthNodes.
GlobalTech (OTCID: GLTK) has appointed Frank R. Parrish, III as the company's new president. Parrish brings over 25 years of experience in assurance and advisory roles, with extensive expertise in SEC reporting, IPOs, and financial activities across various industries including telecommunications, biotech, and software.
Parrish's background includes senior leadership positions at Big Four accounting firms and partnership roles at regional accounting firms. He is a Certified Public Accountant and Certified Internal Auditor with additional certifications in fraud examination and valuation analysis. CEO Dan Green emphasized that Parrish's appointment will strengthen the company's U.S. presence and enhance investor relations.
GlobalTech (OTCID: GLTK) has successfully closed a $1.4 million private placement of convertible notes. The notes will automatically convert into common stock upon an IPO at a 15% discount to the IPO price, with no interest accrual unless there's a default.
The company plans to use the proceeds for developing AI-powered solutions, expanding into international markets, and potential acquisitions. D. Boral Capital LLC served as the strategic advisor for this private placement. The offering was made under Section 4(a)(2) of the Securities Act and/or Regulation D, with investors receiving piggyback registration rights for future offerings excluding the IPO.
GlobalTech (OTC:GTLK), a technology holding company focused on AI and emerging technologies, has appointed D. Boral Capital LLC as its strategic advisor for a proposed private placement. The initiative aligns with GlobalTech's objective to uplist to a national securities exchange and enhance its capital markets profile.
If completed, the private placement aims to support GlobalTech's strategic priorities, including AI product development, international market expansion, and targeted acquisitions. CEO Dan Green emphasized D. Boral's track record in supporting high-growth companies as crucial for their global scaling ambitions.
GlobalTech Corporation (OTCID:GLTK) reported its Q2 2025 financial results, showing mixed performance. The company achieved 23.3% revenue growth to $5.63 million, driven by strong telecom services and a 39% increase in international termination minutes.
The company reduced its net loss to $1.12 million ($0.008 per share) from $1.23 million in Q2 2024. Adjusted EBITDA improved to $(1.84) million from $(2.45) million, while cash position stood at $3.38 million, including $2.67 million in restricted cash. The company's strategic focus remains on optimizing operations, expanding FTTH network, and advancing AI and Big Data solutions.
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