---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-006669"
form_type: "8-K"
ticker: "GLTK"
cik: "0001938338"
company_name: "GlobalTech Corp"
filed_at: "2023-09-07T23:59:59+00:00"
generated_at: "2026-06-10T23:03:24.961688+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GlobalTech restates 2022 annual and Q1/Q2 2023 financials; cites error in common control acquisition

## Summary
- Board determined that previously issued 10-K for 2022 and 10-Qs for March and June 2023 should no longer be relied upon.
- Error relates to correction of an error in common control acquisition disclosure.
- Material weaknesses in internal controls due to inadequate staffing and segregation of duties.
- Financial impact not yet determinable; amendments expected by September 7, 2023.
- Discussed with independent auditor Crowe Hussain Chaudhury & Co.

## SEC filing metadata
- accession: 0001477932-23-006669
- form_type: 8-K
- ticker: GLTK
- cik: 0001938338
- company_name: GlobalTech Corp
- filed_at: 2023-09-07T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1938338/000147793223006669/0001477932-23-006669-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1938338/000147793223006669/global_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-006669
- JSON: https://secwatch.observer/filing/0001477932-23-006669.json
- Plain text: https://secwatch.observer/filing/0001477932-23-006669.txt

## Key facts
- Auditor Changes
  GlobalTech Corp reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: ny's Annual Report on Form 10-K for the year ended December 31, 2022 and the Company's Quarterly Reports on Form 10-Q for the periods ended March 31, 2023 and June 30, 2023 (the "Previously Issued Financial Statements") should be restated because they contain errors as addressed in Financial Accounting Standards Board Accounting Standards Codification Topic 250, Accounting Changes and Error Corrections . Accordingly, the Previously Issued Financial Statements issued by the Company should not be relied upon. The Company intends to restate the Previously Issued Financial Statements to correct these errors by amending its Annual Report for the year ended December 31, 2022 and its Quarterly Reports for the three months ended March 31, 2023 and six months ended June 30, 2023. The Company is restating its financial statements for the year ended December 31, 2022 and quarters ended March 31, 20
  evidence_url: https://www.sec.gov/Archives/edgar/data/1938338/000147793223006669/0001477932-23-006669-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.