8-K/A filed September 21, 2023, 7:59 PM ET ticker GLTK CIK 0001938338

other material confidence high sentiment negative materiality 0.90

GlobalTech Corp (GLTK): auditor change — GlobalTech Corporation restates financials for 2021-2023; prior statements unreliable

GlobalTech Corp

Board determined on Sept 15, 2023 that financial statements for 2021-2022 and Q1-Q2 2023 must be restated due to errors.
Errors involve a common control acquisition and material weaknesses in internal control over financial reporting.
Inadequate staffing and lack of segregation of duties in accounting operations caused the internal control weaknesses.
Impact on financial condition, results, or cash flows is not yet determined; amended filings expected by Sept 20, 2023.
Company filed Amendment No. 2 to Form 8-K to address SEC comments regarding the restatement.

item 4.02

Key facts

Extracted from this filing and checked against the source text.

Auditor Changes SEC 8-K Item 4.01/4.02 confidence 0.9

GlobalTech Corp reported that prior financial statements should not be relied upon.

Action: non reliance
Auditor: Crowe Hussain Chaudhury & Co.

Exact text from the filing

the Company's consolidated financial statements and related disclosures included in the Company's Annual Report on Form 10-K for the years ended December 31, 2022 and 2021 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

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Source: SEC EDGAR

accession 0001477932-23-006985

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