CricksLab affiliates report 3.5M GLTK shares (NASDAQ: GLTK)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
GlobalTech Corp reporting persons filed Amendment No. 2 to a Schedule 13G/A to disclose that CricksLab L.L.C-FZ holds 3,500,000 shares of Common Stock, representing 2.3% of the class. The percentage is calculated using 151,071,091 shares outstanding as of March 23, 2026, per the issuer's Form 10-K. The filing adds Akash Ahmed and Iqbal Zishan as reporting persons because each has voting and investment discretion over the shares held of record by CricksLab L.L.C-FZ; both disclaim beneficial ownership except for any pecuniary interest.
Positive
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Negative
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Key Figures
Shares reported owned: 3,500,000 shares
Percent of class: 2.3%
Shares outstanding (base): 151,071,091 shares
+1 more
4 metrics
Shares reported owned
3,500,000 shares
Owned by CricksLab L.L.C-FZ (reported on Schedule 13G/A)
Percent of class
2.3%
Calculated using 151,071,091 shares outstanding as of March 23, 2026
Shares outstanding (base)
151,071,091 shares
Shares outstanding as of March 23, 2026 per issuer's Form 10-K
Acquisition date
April 7, 2025
Date CricksLab acquired the shares of common stock
Key Terms
Schedule 13G/A, beneficial ownership, Sole Dispositive Power, Joint Filing Agreement
4 terms
Schedule 13G/A regulatory
"Amendment No. 2 to a Schedule 13G/A to disclose holdings"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficial ownership regulatory
"Akash Ahmed disclaims any beneficial ownership of the securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Sole Dispositive Power financial
"Sole Dispositive Power 3,500,000.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Joint Filing Agreement regulatory
"Joint Filing Agreement pursuant to Rule 13d-1(k)"
FAQ
What does the Schedule 13G/A filed for GLTK disclose?
It discloses that CricksLab L.L.C-FZ holds 3,500,000 shares of GlobalTech common stock, equal to 2.3% of the class, using 151,071,091 shares outstanding as of March 23, 2026.
Who were added as reporting persons in the amendment?
Akash Ahmed and Iqbal Zishan were added as reporting persons due to their voting and investment discretion over shares held of record by CricksLab L.L.C-FZ.