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 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 (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.
GlobalTech (OTCQB: GLTK) was approved for quotation on the OTCQB Venture Market effective March 26, 2026, marking a capital markets milestone to enhance transparency and investor access. The company cites a revenue base of around $50 million+ and has submitted an application to uplist to the Nasdaq Capital Market, which remains under review.
This OTCQB step reflects improved SEC reporting and governance as the company pursues greater institutional engagement and trading liquidity while working toward potential national exchange listing requirements.
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.