Major GlobalTech (GLTK) holder discloses 59.87% stake and voting control

Rhea-AI Filing Summary

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.

Key Figures

Beneficial ownership: 93,403,156 shares Ownership percentage: 59.87% Sole voting power: 88,463,156 shares +5 more

8 metrics

Beneficial ownership 93,403,156 shares GlobalTech common stock beneficially owned by Syed Babar Ali

Ownership percentage 59.87% Percent of GlobalTech common stock class represented by his holdings

Sole voting power 88,463,156 shares Common shares over which he has sole voting and dispositive power

Shared voting power 4,940,000 shares Common shares subject to shared voting power

Series A Preferred issued 82,800 shares Newly designated Series A Convertible Preferred Stock issued to shareholders

Common shares to shareholders 750,000 shares GlobalTech common stock issued to the Series A shareholders

Common issuable on conversion 4,190,000 shares Common stock issuable upon conversion of Series A Preferred under Voting Agreement

Shares outstanding baseline 151,071,091 shares GlobalTech common shares outstanding as referenced from Form 10-K

Key Terms

beneficially owned, Voting Agreement, Series A Convertible Preferred Stock, irrevocable proxy, +2 more

6 terms

beneficially owned financial

"The aggregate number of shares of Common Stock beneficially owned by the Reporting Person"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Voting Agreement financial

"entered into a Voting Agreement (the "Voting Agreement"), with the Issuer"

Series A Convertible Preferred Stock financial

"newly designated shares of Series A Convertible Preferred Stock of the Company"

Series A convertible preferred stock is a class of shares sold in an early funding round that gives investors a mix of protection and upside: it pays a priority claim over common shares if the company is sold or closes, but can be converted into ordinary shares to share in future growth. Think of it like a hybrid between a safer stake and a ticket to ownership; it matters to investors because it affects who controls the company, how future gains are split, and how much their investment is protected from downside.

irrevocable proxy financial

"appointed the Majority Shareholders with a power of attorney and irrevocable proxy to vote"

An irrevocable proxy is a legal authorization in which a shareholder gives another person or entity the permanent right to vote their shares and cannot later take that voting permission back. It matters to investors because it locks who controls voting power on key issues—like board elections, mergers, or major policy changes—so it can change corporate control and influence the value or direction of an investment much like handing someone an unchangeable voting card.

Automatic Conversion financial

"Each share of Series A Preferred Stock will automatically convert to Company Common Stock (the "Automatic Conversion")"

Optional Conversion Period financial

"During a 60-day period beginning on March 31, 2026 (the "Optional Conversion Period")"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

GLOBALTECH CORP

(Name of Issuer)

Common Stock, par value US$0.0001

(Title of Class of Securities)

37892L106

(CUSIP Number)

Syed Babar Ali
Plot No. 112-113, Block S, Quaid-e-Azam Industrial Estate
Kot Lakhpat, Lahore, R0, 54770
92 300 8439621

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

12/15/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 37892L106

1

Name of reporting person

Syed Babar Ali

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

PAKISTAN

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 88,463,156.00
8	Shared Voting Power 4,940,000.00
9	Sole Dispositive Power 88,463,156.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

93,403,156.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

59.87 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

(8)/(11) Includes 750,000 shares of common stock of the Issuer held by the Shareholders, and 4,190,000 shares of common stock of the Issuer issuable upon conversion of the Series A Preferred Stock held by the Shareholders, each subject to the Voting Agreement discussed below. (13) Based on 151,071,091 outstanding shares of common stock as set forth on the cover page of the Issuer's Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the Securities and Exchange Commission on March 31, 2026, plus the shares of common stock issuable upon conversion of the Series A Preferred Stock held by the Shareholders which are subject to the Voting Agreement, as discussed below.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value US$0.0001
(b)	Name of Issuer: GLOBALTECH CORP
(c)	Address of Issuer's Principal Executive Offices: Plot No. 112-113, Block S, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore, PAKISTAN , 54770.
Item 2.	Identity and Background
(a)	This Statement is being filed by Syed Babar Ali (the "Reporting Person"). The Reporting Person previously filed a Schedule 13G on July 8, 2024.
(b)	The principal business office of Reporting Person is: Plot No. 112-113, Block S, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore, Pakistan
(c)	Syed Babar Ali is a director of WorldCALL Telecom Limited ("WorldCALL Public"), a publicly-traded company in Pakistan, which is 55% indirectly owned by GlobalTech Corporation (the "Issuer"). WorldCall Public is located at Plot No. 112-113, Block S, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore, Pakistan.
(d)	The Reporting Person has not, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(e)	The Reporting Person has not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(f)	Citizenship - Syed Babar Ali - Pakistan
Item 3.	Source and Amount of Funds or Other Consideration
	On November 25, 2025, Stephen Buck and John Patrick Bywater (collectively, the "Shareholders"), entered into a Voting Agreement (the "Voting Agreement"), with the Issuer, Syed Babar Ali and Muhammad Azhar Saeed (the "Majority Shareholders"). Pursuant to the Voting Agreement, the Shareholders appointed the Majority Shareholders with a power of attorney and irrevocable proxy to vote all Issuer securities held by the Shareholders from time to time until the earlier of (i) January 1, 2029, (ii) the date that the Shareholders hold no Company securities, or (iii) the date on which the Majority Shareholders have notified the Shareholders that the Voting Agreement has been terminated. On December 15, 2025, the Shareholders were issued: (i) 82,800 shares of newly designated shares of Series A Convertible Preferred Stock of the Company (the "Series A Preferred Stock"); and (ii) 750,000 shares of the Company's common stock, $0.0001 par value per share ("Common Stock"). As a result of the Voting Agreement, Mr. Syed and Mr. Saeed share voting rights over the Series A Preferred Stock and the 750,000 shares of Common Stock held by the Shareholders. The Series A Preferred Stock carries no voting rights except for certain customary protective provisions, which require majority holder approval for actions such as amending the Series A designation, altering authorized shares (except by redemption or conversion), authorizing new senior or adversely affecting stock, effecting exchanges into Series A Preferred Stock shares, or issuing additional Series A Preferred Stock shares beyond the terms of a November 25, 2025, Share Exchange Agreement. Increases in authorized common or junior/pari passu preferred stock are not deemed adverse to the rights of the Series A Preferred Stock. During a 60-day period beginning on March 31, 2026 (the "Optional Conversion Period"), each holder of Series A Preferred Stock may, at its option, convert its shares of Series A Preferred Stock into that number of shares of Common Stock equal to $100 (the "Stated Value"), divided by $2.00 (the "Conversion Price"), subject to adjustment for stock splits and stock dividends, with any fractional shares rounded up to the nearest whole share. Each share of Series A Preferred Stock will automatically convert to Company Common Stock (the "Automatic Conversion") on the earlier of (i) the date that the Company's Common Stock is listed on the Nasdaq Capital Market; Nasdaq Global Market, or NYSE American (an "Uplisting") and (ii) the last day of the Optional Conversion Period, into that number of shares of common stock equal to the Stated Value of such share of Series A Preferred Stock, divided by (1) for an Automatic Conversion occurring on the date that the Uplisting is approved, (a) the initial sales price of the Company's common stock on the Nasdaq Capital Market, Nasdaq Global Market, or NYSE American, multiplied by (b) 0.80; and (2) for an Automatic Conversion occurring on the last day of the Optional Conversion Period, the greater of (x)(a) the initial sales price of the Company's common stock on the Nasdaq Capital Market, Nasdaq Global Market, or NYSE American on the date that the Uplisting is approved, multiplied by (b) 0.80; and (y) $2.50, subject in each case to adjustment for stock splits and stock dividends, with any fractional shares rounded up to the nearest whole share.
Item 4.	Purpose of Transaction
	The information set forth in Item 3 is hereby incorporated by reference into this Item 4. The Reporting Person acquired the securities for investment purposes. In the future, depending on general market and economic conditions affecting the Issuer and other relevant factors, the Reporting Person may purchase additional securities of the Issuer or dispose of some or all of the securities he currently owns from time to time in open market transactions, private transactions or otherwise. The Reporting Person may also acquire additional shares of Common Stock under various employee benefit and compensation arrangements with the Company in the future. The Reporting Person does not currently have any plans or proposals which relate to or would result in the following described: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure, including but not limited to, if the Issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940; (g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to section 12(g)(4) of the Act; or (j) Any action similar to any of those enumerated above. The Reporting Person retains the right to change his investment intent, and may, from time to time, acquire additional shares of Common Stock or other securities of the Company, or sell or otherwise dispose of (or enter into a plan or arrangements to sell or otherwise dispose of), all or part of the shares of Common Stock or other securities of the Company, if any, beneficially owned by him, in any manner permitted by law.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate number of shares of Common Stock beneficially owned by the Reporting Person and, the number of shares as to which there is sole power to vote or to direct the voting thereof, shared power to vote or to direct the voting thereof, sole power to dispose or to direct the disposition thereof, or shared power to dispose or to direct the disposition thereof, are set forth on rows 7 through 11 and row 13 of the cover page(s) of this Schedule 13D and are incorporated herein by this reference thereto
(b)	The aggregate number of shares of Common Stock beneficially owned by the Reporting Person and, for the Reporting Person, the number of shares as to which there is sole power to vote or to direct the voting thereof, shared power to vote or to direct the voting thereof, sole power to dispose or to direct the disposition thereof, or shared power to dispose or to direct the disposition thereof, are set forth on rows 7 through 11 and row 13 of the cover page(s) of this Schedule 13D and are incorporated herein by this reference thereto.
(c)	The Reporting Person has not effected any transactions in the Common Stock during the past 60 days except as disclosed in Item 3, above, which information is incorporated by reference in this Item 5(c).
(d)	To the knowledge of the Reporting Person, only the Reporting Person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of the Issuer reported by this Schedule 13D which are held directly by the Reporting Person. The Shareholders have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock of the Issuer held by the Shareholders.
(e)	N/A.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The information provided in Items 2, 3, 4 and 5 of this Schedule 13D, is hereby incorporated herein by this reference thereto.
Item 7.	Material to be Filed as Exhibits.
	1. Voting Agreement dated November 24, 2025, and effective November 25, 2025, by and among Stephen Buck and John Patrick Bywater and Babar Ali Syed and Muhammad Azhar Saeed - https://www.sec.gov/Archives/edgar/data/1938338/000147793225008727/global_ex102.htm

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Syed Babar Ali

Signature:	/s/ Syed Babar Ali
Name/Title:	Syed Babar Ali
Date:	05/08/2026

FAQ

What ownership stake in GlobalTech Corp (GLTK) does Syed Babar Ali report?

Syed Babar Ali reports beneficial ownership of 93,403,156 GlobalTech common shares, equal to 59.87% of the class. This includes shares he directly controls and shares subject to a Voting Agreement giving him shared voting power.

How much voting power does Syed Babar Ali hold in GlobalTech Corp (GLTK)?

He reports sole voting power over 88,463,156 shares and shared voting power over 4,940,000 shares. Together, this produces total beneficial ownership of 93,403,156 common shares, representing a controlling stake in GlobalTech.

What role does the Series A Preferred Stock play in Syed Babar Ali’s GlobalTech (GLTK) stake?

His reported stake includes 4,190,000 GlobalTech common shares issuable upon conversion of Series A Convertible Preferred Stock held by shareholders who granted him voting authority under a Voting Agreement, increasing his beneficial ownership percentage.

What is the GlobalTech (GLTK) Voting Agreement mentioned in the Schedule 13D?

On November 25, 2025, certain shareholders entered a Voting Agreement with GlobalTech, Syed Babar Ali, and another majority shareholder, granting them an irrevocable proxy to vote all securities those shareholders hold until early 2029 or earlier termination events.

How many GlobalTech (GLTK) shares are outstanding for the 59.87% calculation?

The 59.87% figure is based on 151,071,091 outstanding common shares stated in GlobalTech’s Form 10-K, plus common shares issuable upon conversion of Series A Preferred Stock that are subject to the Voting Agreement.

What are the key conversion terms of GlobalTech (GLTK) Series A Preferred Stock?

Each Series A share has a $100 stated value and is initially convertible at a $2.00 conversion price during a 60-day period beginning March 31, 2026, with additional automatic conversion mechanics tied to any uplisting and specified pricing formulas.