GlobalTech Corporation reports developments for a U.S.-based technology holding company focused on artificial intelligence, big data and emerging technologies. Company updates describe operating results across telecommunications, broadband services, technology services and retail following its majority acquisition of 123 Investments Limited, d/b/a Moda in Pelle, a UK footwear business with brick-and-mortar and e-commerce operations.
Recurring news themes include AI platform commercialization, operating-subsidiary integration, capital deployment, OTCQB quotation status, capital-structure actions and governance changes. Releases also cover technology partnerships, financial performance, and the use of operating subsidiaries as environments for developing and deploying AI-driven products.
Globaltech Corporation (OTCQB: GLTK) confirmed three independent Board committees and their charters, approved effective January 7, 2026, by unanimous written consent. The Audit, Compensation, and Nominating and Corporate Governance committees comprise directors the Board determined to be independent under Nasdaq rules. Their charters follow Nasdaq Capital Market independence and composition standards; the Board also approved a Code of Ethics and Clawback Policy.
Committee chairs are Mehdi Al Abduwani for Audit, Charles J. Bartolotta for Compensation, and James A. Gibbons for Nominating and Corporate Governance. Their responsibilities cover financial reporting, executive pay and director selection. Globaltech's Nasdaq listing application remains under review and subject to listing standards and discretionary approval. The company completed a 1-for-3 reverse stock split on August 27, 2026.
Globaltech Corporation (GLTK) resumed trading under its original ticker on the OTCQB Market after a temporary symbol change. Its common stock traded as GLTKD following a 1-for-3 reverse stock split effective August 27, 2026. The temporary 20-trading-day period ended September 25, 2026, and GLTK returned September 28, 2026.
The stock remains on OTCQB while Globaltech pursues a planned Nasdaq Capital Market uplisting. Its application is under review; Nasdaq has not granted approval, and completion remains subject to listing requirements and approval.
Globaltech Corporation (GLTK) updated investors on its planned Nasdaq Capital Market uplisting and recent 1-for-3 reverse stock split on September 17, 2026.
The company’s Nasdaq listing application remains under review, and Globaltech does not currently meet Nasdaq’s initial uplisting requirements. Management targets completion of the uplisting in the fourth quarter of 2026 but cautions that timing and completion are uncertain and subject to Nasdaq approval, listing standards, market conditions, financing needs and other customary conditions.
A 1-for-3 reverse stock split became effective on August 27, 2026, intended to help meet Nasdaq’s minimum share-price requirement. Shares continue to trade on the OTCQB under the temporary symbol GLTKD for 20 trading days through September 24, 2026, and are expected to revert to GLTK on September 25, 2026. Globaltech is also forming Audit, Compensation, and Nominating and Corporate Governance Board committees to enhance oversight ahead of a potential listing.
Globaltech (OTCQB: GLTKD, expected to revert to GLTK) reported second-quarter 2026 net revenue of $11.1 million, up 98% from $5.6 million a year earlier, and first-half 2026 revenue of $21.5 million, up 116%. Results now consolidate 51%-owned 123 Investments Limited, acquired in December 2025 and operating the Moda in Pelle footwear business.
Q2 2026 consolidated net income was $0.5 million versus a $1.1 million loss, aided by $5.2 million in other income, including a roughly $2.9 million gain from disposing two 123 Investments subsidiaries and about $1.8 million of dividend income. Operating loss widened to $3.8 million. As of June 30, 2026, cash and cash equivalents were $0.8 million, restricted cash was $2.8 million, and principal debt totaled $8.7 million, including $4.15 million of Term Finance Certificates in default. A 1-for-3 reverse stock split is now effective as part of Globaltech’s Nasdaq uplisting strategy.
Globaltech (OTCQB: GLTK) announced that its previously approved 1-for-3 reverse stock split of its outstanding common stock will become effective at market open on August 27, 2026. In connection with the split, the stock will temporarily trade under ticker “GLTKD” for 20 trading days, including the effective date, before reverting to “GLTK”.
The corporate action was published to the applicable daily list on August 26, 2026. According to Globaltech, the reverse stock split is part of its broader capital markets strategy and its previously disclosed efforts toward a potential listing on the Nasdaq Capital Market.
Globaltech (OTCQB: GLTK) will implement a 1-for-3 reverse stock split of its common stock, effective August 27, 2026 at 12:01 a.m. PST. Every three shares will convert into one, reducing outstanding shares from about 152 million to about 50 million, with no change to par value or authorized shares.
According to Globaltech, the sole purpose is to help meet Nasdaq Capital Market listing price requirements, though Nasdaq has not approved an uplisting and the stock may never trade there. Shares will trade temporarily under GLTKD for 20 trading days after effectiveness with FINRA.
Globaltech (OTCQB: GLTK) engaged MZ Group to lead a strategic investor relations and shareholder communications program, supporting investor outreach, financial media engagement and the Company’s planned Nasdaq Capital Market uplisting process.
Globaltech-controlled entities generated more than $10.45 million in Q1 2026 revenue, employ over 460 people and are backed by about $103.7 million in infrastructure assets.
Globaltech (OTCQB: GLTK) issued a shareholder update outlining operations, capital allocation, and its AI-focused strategy. The company acquired a 51% stake in Moda in Pelle, a UK footwear brand with over $30 million in net revenue, advanced three tech platforms, raised $1.625 million in convertible notes, hired a new President, and is pursuing an uplisting from OTCQB to the Nasdaq Capital Market.
Globaltech (OTCQB: GLTK) reported Q1 2026 net revenue of $10.4 million, up from $4.3 million in Q1 2025, mainly from its 51% stake in 123 Investments (Moda in Pelle).
GAAP net loss was $4.0 million, loss from operations $3.2 million, and Adjusted EBITDA −$1.3 million. Total assets were $100.8 million and shareholders’ equity $36.1 million.
GlobalTech (OTCQB: GLTK) reported fiscal 2025 net revenue of $22.1 million, a 21% increase from 2024, while recording a net loss of $3.1 million and an operating loss of $3.7 million. Adjusted EBITDA was $0.89 million (non-GAAP).
The company noted diversified revenue from telecom, broadband, technology services and retail, pro forma >$52 million across operations, total assets of $103.1 million, and shareholders’ equity of $39.8 million. GlobalTech completed a December 2025 acquisition of a 51% stake in Moda in Pelle and plans to scale AI commercialization and pursue a U.S. exchange uplisting in 2026.