Every 8-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 8-K covers material events a company has to report between its quarterly reports, 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 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 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 reported net revenue of $22.1 million for fiscal 2025, up 21% from 2024, driven mainly by telecommunications, broadband, technology services and the Moda in Pelle retail acquisition. On a pro forma basis, the operating platform generated over $52 million of revenue for 2025.
The company posted a GAAP net loss of $3.1 million and an operating loss of $3.7 million, reflecting continued investment in platform development, technology capabilities and infrastructure. Adjusted EBITDA was positive at $0.89 million, compared with $2.47 million in 2024, as higher non‑cash and growth-related costs offset revenue gains.
Technology-related revenue rose to about $3.0 million as GlobalTech evaluated 26 technology opportunities, validated 7, and integrated 3 platforms, including Cadnz, Thrivo AI and Baseball Blitz. As of December 31, 2025, total assets were $103.1 million and total shareholders’ equity was $39.8 million, with over 460 employees globally.
GlobalTech Corporation announced that its common stock has been approved for quotation on the OTCQB Venture Market, moving up from the OTC Pink tier as part of its broader capital markets strategy. This step is intended to enhance transparency, expand investor access, and support progress toward a potential listing on a national exchange.
Management highlights that OTCQB companies must be current in SEC filings and comply with ongoing verification and compliance standards, reflecting GlobalTech’s focus on corporate governance and reporting. CEO Dan Green notes that a potential Nasdaq listing would better align the Company’s public market presence with its operating subsidiaries, which collectively generate around $50 million in revenue. GlobalTech has submitted an application to list on the Nasdaq Capital Market, which remains under review as the Company works to meet applicable listing requirements.
GlobalTech Corporation completed the acquisition of a 51% stake in 123 Investments Limited, a premium footwear business, for total consideration of up to $11.7 million. Payment includes 82,800 shares of Series A Convertible Preferred Stock valued at $8.28 million, 750,000 common shares valued at $1.5 million, and up to 9,200 additional preferred shares plus a performance-based earnout of up to $1.0 million.
The transaction generated preliminary goodwill of $22.5 million and a contingent consideration liability of $1.92 million. Pro forma combined net revenue for 2024 is $55.1 million with a net loss of $2.8 million, and for the nine months ended September 30, 2025 revenue is $40.2 million with a net loss of $4.5 million. GlobalTech also committed to a $3.0 million three-year revolving credit facility for 123 Investments Limited, tied to a future uplisting of GlobalTech’s common stock.
GlobalTech Corporation filed an amended current report to add detailed financial information for its acquisition of 123 Investments Limited. The company previously entered into a Share Exchange Agreement with 123 Investments and its shareholders, and closed that exchange on December 15, 2025. This amendment updates the earlier closing report by including 123 Investments’ audited and unaudited financial statements, along with management’s discussion and analysis.
The filing also adds unaudited pro forma combined financial statements that show how GlobalTech and 123 Investments would look as a single company over specified past periods, assuming the exchange had occurred earlier. These pro forma figures are presented only for informational purposes and are not predictions of future results.
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 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 filed a report describing a new business development. On October 10, 2025, the company submitted a press release announcing that it entered into an agreement with World Mobile Chain (WMC). The agreement concerns GlobalTech’s plans to deploy WMC’s blockchain infrastructure.
The company notes that there is no assurance regarding these deployment plans, signaling that the outcome and impact of this agreement remain uncertain. The press release detailing this arrangement is included as an exhibit to the report.
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.