Welcome to our dedicated page for GlobalTech SEC filings (Ticker: GLTK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
GlobalTech Corporation filings document a Nevada public company operating as a technology holding company with telecommunications, broadband, technology services and retail activities. Current reports and annual-report references disclose operating and financial results, segment revenue drivers, platform-development spending and the completed acquisition of a 51% interest in 123 Investments Limited, d/b/a Moda in Pelle.
The filing record also covers material agreements, pro forma and acquired-business financial statements, unregistered equity issuances, Series A Convertible Preferred Stock terms, auditor changes, OTCQB quotation, and proxy matters. Governance and capital-structure disclosures include shareholder voting on reverse-stock-split authority, amendments to charter documents, going-concern disclosure and security-registration status.
Globaltech Corporation (GLTK) reported strong top-line growth for the quarter and six months ended June 30, 2026, driven largely by the December 2025 acquisition of a 51% interest in 123 Investments Limited, which operates the Moda in Pelle footwear business. Second-quarter net revenue rose 98% year over year to $11.1 million, and six‑month net revenue increased 116% to $21.5 million. 123 Investments contributed retail footwear revenue of about $5.2 million in the quarter and $10.4 million year‑to‑date.
Despite higher revenue, operating performance remained weak: second‑quarter operating loss widened to $3.8 million, and first‑half operating loss reached $7.1 million. Reported second‑quarter consolidated net income of $0.5 million (income to common shareholders $0.2 million) was primarily driven by $5.2 million of other income, including a largely non‑cash $2.9 million gain on disposal of two Moda subsidiaries and $1.8 million of dividend income. First‑half results also included $2.8 million of non‑cash share‑based consultancy expense tied to 1,392,000 shares issued for advisory services, contributing to a six‑month net loss of $3.5 million. Liquidity is tight, with $0.8 million of cash, $2.8 million of restricted cash and $8.7 million of debt, including $4.15 million in default and $4.74 million of repayments due over the next 12 months. A 1‑for‑3 reverse stock split has become effective as part of broader efforts to pursue a planned Nasdaq Capital Market listing.
GlobalTech Corp (GLTK) is implementing a 1-for-3 reverse stock split of its outstanding common shares. The split becomes effective at 12:01 a.m. PST on August 27, 2026, with trading expected to begin on a split-adjusted basis on the OTCQB Market that day after FINRA effectiveness.
Every 3 existing shares will be converted into 1 share, reducing outstanding common stock from approximately 152 million shares to approximately 50 million shares, subject to changes before effectiveness. For 20 trading days after effectiveness with FINRA, the stock will trade under GLTKD before reverting to GLTK.
The company states the sole purpose of the reverse split is the Board’s belief that it will likely be necessary to support an application to list on the Nasdaq Capital Market, particularly for bid and/or closing price requirements. The action does not change par value or the authorized number of common or preferred shares; all options, warrants and equity plan share reserves will be proportionally adjusted, and fractional share holders will receive one whole share.
GlobalTech Corporation is a Nevada holding company with telecom, broadband, technology and retail footwear operations in Pakistan, the UAE and the UK. For the quarter ended June 30, 2026, net revenue was $11,115,971 versus $5,628,068 a year earlier. Despite an operating loss of $3,845,265, higher other income of $5,186,995 led to net income of $534,403, including $215,178 attributable to common shareholders.
For the six months, revenue rose to $21,540,981 from $9,969,788, but the company recorded a net loss of $3,494,922 and a comprehensive loss of $5,936,105. Total assets were $96,703,648 and total liabilities $60,022,087; equity attributable to the parent remained negative at $(20,749,415), offset by non‑controlling interest of $57,430,976. Cash and restricted cash totaled $3,617,118, with operating activities using $1,915,639 and financing activities providing $4,024,886, including $2,784,000 from common stock issuance.
The company consolidates WorldCall Telecom Limited as a variable interest entity, which had assets of $48,944,035 and liabilities of $57,227,754. It also consolidates 123 Investments Limited, a footwear group acquired in December 2025 for up to $11.7 million, recognizing $23,641,442 of identifiable intangibles and $4,826,375 of goodwill, along with $1.92 million of contingent consideration.
GlobalTech Corporation filed an amended quarterly report to correct and expand disclosure about unregistered sales of equity securities for the quarter ended March 31, 2026. The amendment restates the section on unregistered sales and adds updated officer certifications, without changing any other prior disclosures.
The company describes an investor relations agreement with ArcStone Branding Inc. involving cash and support fees plus an equity component, including 150,000 restricted shares in six monthly tranches and up to 750,000 additional shares vesting over 180 days from December 12, 2025. It reports issuing 225,000 shares to ArcStone on March 10, 2026, 20,000 shares to an investor relations firm in January 2026, and 107,000 shares to an advisory firm in February 2026 for services.
These issuances relied on exemptions from registration under Section 4(a)(2), Rule 506 of Regulation D, and/or Regulation S, with recipients taking the shares for investment and subject to transfer restrictions and legends. The company reports no use of proceeds from registered securities and no issuer share repurchases. Common shares outstanding totaled 151,071,091 as of May 15, 2026.
Globaltech Corporation engaged MZ Group to lead a strategic investor relations and shareholder communications program. MZ will support investor messaging, targeting, roadshows, media outreach and broader market awareness as Globaltech continues its planned Nasdaq Capital Market uplisting process, which remains subject to Nasdaq approval and listing requirements.
Globaltech operates revenue-generating businesses and AI/data platforms across telecommunications, retail commerce, financial technology, enterprise software, e-commerce and sports technology. Entities it controls generated more than $10.45 million in revenue in the quarter ended March 31, 2026, employ over 460 people worldwide and are supported by approximately $103.7 million in infrastructure assets.
Globaltech Corporation outlines how it is building a disciplined technology holding platform focused on AI, data and SaaS. The company emphasizes measured execution, conservative communication and strict governance over promotional forecasts.
In 2025, Globaltech acquired a 51% controlling interest in 123 Investments Limited DBA Moda in Pelle, a UK premium footwear brand with net revenues of more than $30 million in its last fiscal year, to serve both as an operating asset and a test bed for its ThrivoAI commerce platform. It advanced three key products: the Cadnz digital lending platform, the ThrivoAI retail ERP and e-commerce system, and the Baseball Blitz sports league management platform.
To support growth and balance sheet strength, Globaltech completed a $1.4 million convertible note private placement in September 2025 and an additional $225,000 in December 2025, with notes due in September 2027 unless earlier converted into common stock. The company recently uplisted to the OTCQB Venture Market and has applied to list on the Nasdaq Capital Market, which remains subject to meeting Nasdaq’s initial listing criteria and receiving regulatory approval. Over the next 6 to 12 months, priorities include proof-driven commercialization, tighter KPI and disclosure discipline, and integration across its portfolio under a disciplined capital allocation framework.
Globaltech Corporation reported sharply higher revenue but wider losses for Q1 2026. Net revenue rose to about $10.4 million from $4.3 million a year earlier, mainly from consolidating its 51% stake in 123 Investments Limited, which operates the Moda in Pelle premium footwear business, alongside telecom, broadband and technology services.
Despite the higher scale, Globaltech posted a GAAP net loss of roughly $4.0 million versus $1.1 million in Q1 2025, with Adjusted EBITDA at about $(1.3) million compared with near breakeven previously as integration, depreciation, finance costs and investment in its technology roadmap weighed on results. Total assets were about $100.8 million and total shareholders’ equity roughly $36.1 million as of March 31, 2026. Management emphasized disciplined integration of Moda in Pelle, cost control, and a “proof-first” approach to commercializing data, AI-enabled workflow, digital commerce and sports league management platforms, while continuing preparations for a potential future uplisting to the Nasdaq Capital Market, subject to meeting all requirements.
GlobalTech Corporation reports sharply higher net revenue of $10.4 million for the three months ended March 31, 2026, up from $4.3 million a year earlier, but posts a larger net loss of $4.0 million versus $1.1 million.
The loss reflects higher direct and other operating costs, increased depreciation and amortization of $1.9 million, and finance costs of $0.8 million. Cash used in operating activities narrowed to $0.3 million, while investing outflows were $0.6 million and financing activities provided $0.7 million, including $0.7 million from common stock issuance.
Total assets were $100.8 million and total liabilities $64.7 million. The balance sheet is dominated by $45.3 million of intangible assets and $4.8 million of goodwill, largely tied to the $11.7 million acquisition of 51% of 123 Investments Limited, whose footwear operations recorded a seasonal $2.48 million loss in the quarter.
Syed Babar Ali filed a Schedule 13D reporting beneficial ownership of 93,403,156 shares of GLOBALTECH CORP common stock, representing 59.87% of the class. He has sole voting and dispositive power over most of these shares and shared voting power over 4,940,000 shares.
His position includes 750,000 common shares and 4,190,000 common shares issuable upon conversion of Series A Convertible Preferred Stock held by separate shareholders under a Voting Agreement, which grants him and another majority shareholder an irrevocable proxy over those securities. The securities were acquired for investment purposes, and he may increase or reduce his holdings in the future.
GLOBALTECH CORP Chief Financial Officer Muhammad Azhar Saeed filed a Schedule 13D reporting beneficial ownership of 33,385,122 shares of common stock, or 21.4% of the class. This includes shares he holds directly plus securities over which he has voting power under a Voting Agreement.
Through this agreement with shareholders Stephen Buck and John Patrick Bywater, Saeed and Babar Ali Syed share voting rights over 750,000 common shares and 82,800 shares of Series A Convertible Preferred Stock, which are convertible into 4,190,000 common shares. The agreement grants them an irrevocable proxy to vote these securities until the earlier of January 1, 2029, the shareholders no longer holding company securities, or termination by the majority shareholders. Saeed states he holds the position for investment purposes and currently has no specific plans for corporate changes.