---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-006985"
form_type: "8-K/A"
ticker: "GLTK"
cik: "0001938338"
company_name: "GlobalTech Corp"
filed_at: "2023-09-21T23:59:59+00:00"
generated_at: "2026-06-10T11:21:27.204193+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# GlobalTech Corporation restates financials for 2021-2023; prior statements unreliable

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-23-006985
- form_type: 8-K/A
- ticker: GLTK
- cik: 0001938338
- company_name: GlobalTech Corp
- filed_at: 2023-09-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1938338/000147793223006985/0001477932-23-006985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1938338/000147793223006985/global_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-006985
- JSON: https://secwatch.observer/filing/0001477932-23-006985.json
- Plain text: https://secwatch.observer/filing/0001477932-23-006985.txt

## Key facts
- Auditor Changes
  GlobalTech Corp reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: Crowe Hussain Chaudhury & Co.
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1938338/000147793223006985/0001477932-23-006985-index.htm

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