Globaltech SEC Filings

GlobalTech Corporation reported that its independent auditor, Saeed Kamran & Co., resigned on December 17, 2025. The firm’s audit reports for the years ended December 31, 2024 and 2023 contained no adverse or disclaimed opinions and were not qualified, other than disclosing substantial doubt about GlobalTech’s ability to continue as a going concern. The company states there were no disagreements or other reportable events with the auditor beyond this going concern uncertainty.

On January 7, 2026, GlobalTech’s board approved the engagement of Zahid Jamil & Co. as the new independent registered public accounting firm for the 2025 fiscal year. The board also appointed Shahid Ahmed Khan, described as independent under Nasdaq rules, to the board and to the Compensation and Nominating and Corporate Governance Committees. That same day, the board adopted formal charters for the Audit, Compensation, and Nominating and Corporate Governance Committees and approved a Code of Ethical Business Conduct covering directors, officers, employees, and certain representatives.

GlobalTech Corporation held a special stockholder meeting on December 29, 2025, where investors overwhelmingly approved giving the Board of Directors authority to carry out a reverse stock split of the company’s common stock. The reverse split may be set at a ratio between one-for-two and one-for-ten, with the exact ratio and timing to be chosen by the Board or a designated committee any time up to December 29, 2026.

Stockholders representing 145,829,106 shares, or 97.26% of voting shares as of the October 31, 2025 record date, were present in person or by proxy, and the key proposal passed with 145,829,103 votes for and 3 against. A separate proposal allowing adjournment of the meeting to solicit more proxies, if needed, was also approved by the same vote but had no practical effect because the main reverse split authority was already approved.

GlobalTech Corporation completed a share exchange to acquire a 51% stake in UK-based footwear and e-commerce business 123 Investments Limited. In return, the sellers received 82,800 shares of new Series A convertible preferred stock and 750,000 shares of GlobalTech common stock at closing, plus up to 9,200 additional preferred shares after one year if they satisfy their obligations.

The shareholders may also earn up to $1,000,000 if 123 Investments reaches EBITDA of at least 2.5 million GBP and net profit of at least 1.0 million GBP for the year ending December 31, 2026. GlobalTech issued these securities under private placement exemptions, so they are unregistered and subject to transfer restrictions. If all Series A preferred shares, including potential holdbacks, are converted, up to 4,600,000 GlobalTech common shares would be issued, and the company expects to file 123 Investments’ financial statements and related pro forma information within 71 days.

GlobalTech Corporation is asking stockholders at a special meeting on December 29, 2025 to approve a reverse stock split and a possible meeting adjournment. As of the record date of October 31, 2025, there were 149,933,391 shares of common stock outstanding, each with one vote. Proposal 1 would grant the board authority, any time before December 29, 2026, to implement a reverse split of the issued and outstanding common stock at a ratio between 1-for-2 and 1-for-10, and to choose whether fractional shares are paid in cash or rounded up to a whole share.

The company states the main purpose is to help meet initial listing requirements for the Nasdaq Capital Market by increasing the share price, while acknowledging the reverse split might not achieve or sustain the needed levels and could reduce trading liquidity. The number of authorized common shares would remain 550,000,000, increasing the pool of authorized but unissued shares. Proposal 2 would allow adjournment or postponement of the meeting to solicit additional proxies if needed to approve the reverse split. The board recommends voting “FOR” both proposals.

GlobalTech Corporation agreed to acquire 51% of UK-based footwear and e-commerce company 123 Investments Limited through a share exchange. The sellers will receive 82,800 shares of new Series A Convertible Preferred Stock and 750,000 shares of GlobalTech common stock at closing, plus up to 9,200 additional Series A shares as holdback and up to $1,000,000 in earnout if 2026 EBITDA and net profit targets in GBP are met.

GlobalTech committed to arrange a three-year $3,000,000 revolving credit facility for 123 Investments and may be required to provide collateral if a third-party facility is used. The Series A Preferred Stock carries no dividends, has a liquidation preference, no general voting rights, and converts into common stock based on formulas tied to an eventual uplisting price with floors of $2.00–$2.50 per share. If all Series A (including holdback) is issued and converted, up to 4,600,000 new common shares could be created.

GlobalTech Corporation (GLTK) furnished a press release with quarterly results. On November 12, 2025, the company reported that it issued a press release covering financial results for the quarter ended September 30, 2025, which is included as Exhibit 99.1.

The disclosure under Item 2.02 is expressly stated as “furnished” and not deemed “filed” for purposes of Section 18 of the Exchange Act. The company also included customary forward‑looking statements language, noting risks and uncertainties and referring readers to its periodic SEC filings for additional risk factors.

GlobalTech Corporation (GLTK) reported Q3 2025 results. Net revenue for the quarter was $5,540,550, up from $5,017,195 a year ago. The company posted a net loss of $713,086, compared with a loss of $455,818 last year, and recorded basic and diluted loss per share of $0.005. For the nine months, revenue was $15,510,338 and net loss was $2,959,960.

The balance sheet showed total assets of $64,539,307 and total liabilities of $47,751,080, resulting in shareholders’ equity of $16,788,227 as of September 30, 2025. Cash and cash equivalents were $1,069,413, with restricted cash of $2,761,779. Operating cash flow for the nine months was $282,795, and financing inflows of $1,229,665 reflected a $1,400,000 convertible loan, partly offset by repayments.

The company issued 10,000,000 common shares (par $0.0001) adding $9,999,000 to additional paid-in capital; total common shares outstanding were 149,933,391 as of November 7, 2025. Advances for intangible assets rose to $12,463,922, including $10,000,000 for a Sports League Management System via stock consideration. Other comprehensive loss was driven by a foreign currency translation adjustment.

GlobalTech Corp reported that a director, Mr. Ulema, resigned from the Board effective immediately and the company stated the resignation was not due to any disagreement with the company. Separately, the company entered a Consulting Agreement dated September 1, 2025 with FPIS, an entity owned 50% by Mr. Parrish and 50% by Mr. Iqbal Safdar, to provide the services of Mr. Parrish to the company.