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 Corp President Parrish Frank Roland III filed an initial Form 3 as an officer of the company. This filing establishes his status as a reporting person under insider ownership rules but does not report any securities transactions or existing holdings.
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, 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.
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 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.