Every 10-K that GLOBALTECH CORP (GLTK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow GLTK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GLTK filings page.
GlobalTech Corp (GLTK) amended its 2025 annual report to restate audited financial statements after an error in accounting for deferred tax assets. The company said its prior analysis over-relied on subjective taxable-income projections and did not appropriately weigh objectively verifiable negative evidence. Previously issued 2025, first-quarter 2026 and first-half 2026 statements were deemed unreliable.
Restated 2025 net loss was $11.55 million, versus $2.95 million in 2024. Disclosure controls remained ineffective as of December 31, 2025, and the error led to an additional material weakness in internal control over financial reporting. As of that date, $4.88 million of $8.61 million external debt was in default. GlobalTech said lenders had not served notice of default. As of December 31, 2025, WorldCALL Public's current liabilities exceeded its current assets by $29.42 million; conditions cast significant doubt on its ability to continue as a going concern.
A 1-for-3 reverse stock split took effect August 27, 2026. GlobalTech's 51% Moda in Pelle acquisition carries up to $1 million in earnout consideration, due regardless of results because GlobalTech did not uplist by December 31, 2025 and had not provided the agreed $3 million revolving credit facility by January 15, 2026; it said insufficient cash prevented any amount from being made available.
GlobalTech Corporation filed Amendment No. 1 to its Annual Report for the year ended December 31, 2025. The amendment is narrow and only updates the cover page to state that the company has now electronically submitted every required Interactive Data File under Rule 405 of Regulation S‑K, following corrected XBRL tagging for its 2024 annual report.
The amendment does not change any 2025 financial or business disclosures from the original filing. As of June 25, 2025, the aggregate market value of common equity held by non‑affiliates was approximately $33,779,450 based on a $1.80 share price, and 151,071,091 common shares were outstanding as of March 23, 2026. The company is a controlled company, with 58.56% of outstanding shares beneficially owned by Babar Ali Syed.
GlobalTech Corporation filed an amendment to its annual report to add required Inline XBRL tagging for its cybersecurity and corporate governance disclosures. The amendment restates the cybersecurity section and the directors and executive officers section without changing previously reported financial or business information.
The filing describes a multi-layer cybersecurity risk management program, Board and CEO oversight, and confirms no material cybersecurity incidents for the year ended December 31, 2024. It also outlines the Company’s controlled ownership structure, Board leadership and committees, lack of a current formal Code of Ethics and hedging policy, planned future clawback policy, and provides detailed biographies for directors and senior executives.
GlobalTech Corporation, a Nevada holding company, operates telecom, broadband, AI-driven software, and retail footwear businesses through subsidiaries in Pakistan, the UK and UAE. It controls 55% of Pakistan-based WorldCALL Telecom and 51% of UK footwear group 123 Investments Limited (Moda in Pelle).
WorldCALL provides long distance and international voice, broadband, and cable TV over about 1,900 kilometers of metro fiber, serving roughly 128,000 digital TV and 490,000 analog cable customers, plus technology services. Moda in Pelle sells women’s footwear via omni-channel retail and uses proprietary e-commerce and data platforms.
The company is an emerging growth and smaller reporting company, with 151,071,091 common shares outstanding as of March 23, 2026 and an estimated non-affiliate equity market value of $33.78 million as of June 25, 2025. A single shareholder, Babar Ali Syed, beneficially owns 58.56% of outstanding shares, making GlobalTech a controlled company.