Earnings summaries and quarterly performance for GlobalTech.
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Recent press releases and 8-K filings for GLTK.
GlobalTech Corporation Closes Majority Stake Acquisition of Moda in Pelle
GLTK
M&A
Convertible Preferred Issuance
New Projects/Investments
- GlobalTech Corporation (GLTK) closed the acquisition of a 51% controlling interest in 123 Investments Limited d/b/a Moda in Pelle (MIP) on December 15, 2025.
- Moda in Pelle is a UK-based premium footwear brand established in 1975, operating over 40 retail stores and concessions, and maintaining a strong online presence.
- The consideration for the acquisition included shares of GlobalTech common stock and Convertible Series A Preferred Stock. Specifically, 82,800 shares of Series A Convertible Preferred Stock (with a deemed value of $100 each) and 750,000 shares of common stock were issued at closing.
- This acquisition is intended to provide GlobalTech with an additional revenue stream, enhance its direct-to-consumer and e-commerce capabilities through its Thrivo AI platform, and strengthen its operational footprint in the UK market.
Dec 18, 2025, 1:00 PM
GlobalTech to Acquire Majority Stake in 123 Investments
GLTK
M&A
Convertible Preferred Issuance
New Projects/Investments
- GlobalTech Corporation (GLTK) entered into a Share Exchange Agreement on November 24, 2025, to acquire a 51% majority stake in 123 Investments Limited, making it a subsidiary.
- As consideration, GlobalTech will issue 82,800 shares of Series A Convertible Preferred Stock (valued at US$100 per share) and 750,000 shares of Company Common Stock to the 123 Investments Shareholders.
- GlobalTech will provide 123 Investments with a US$3,000,000 three-year revolving credit facility.
- Key deadlines include an uplisting to a major exchange by December 31, 2025, and the credit facility being available by January 15, 2026; failure to meet these may trigger Earnout Consideration for 123 Investments Shareholders.
- Upon closing, GlobalTech will appoint three of the five board members to 123 Investments' board of directors, securing control.
Dec 2, 2025, 1:15 PM
GlobalTech Reports Q3 2025 Financial Results
GLTK
Earnings
Product Launch
Management Change
- GlobalTech Corporation reported a 10% increase in net revenue to $5.5 million for Q3 2025, up from $5.0 million in Q3 2024.
- The company's net loss was $713,000 in Q3 2025, compared to a net loss of $456,000 in Q3 2024, with Adjusted EBITDA significantly decreasing to $10,000 from $946,000 in the year-ago period.
- Net loss per common share improved to negative $0.005 in Q3 2025 from negative $0.007 in Q3 2024, and cash and cash equivalents were $3.8 million as of September 30, 2025.
- GlobalTech is progressing with several new technology platforms, including the U.S. launch of its BillCare subscriber management solution and the nearing commercial launch of its CADNZ digital lending solution, while also appointing Frank Parrish as President.
Nov 12, 2025, 1:01 PM
GlobalTech Enters Agreement with World Mobile Chain
GLTK
New Projects/Investments
- GlobalTech Corporation (GLTK) announced a strategic agreement with World Mobile Chain (WMC) on October 10, 2025.
- GlobalTech intends to deploy WMC's blockchain infrastructure to enhance operational capabilities and deliver new decentralized digital services across its global network.
- The company plans to establish a long-term digital asset treasury strategy focused on WMTx, WMC's native utility token, to enable on-chain transactions and support operational activities.
- It is noted that there is no assurance regarding the deployment of WMC's blockchain infrastructure.
Oct 10, 2025, 8:17 PM
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