other material
confidence high
sentiment neutral
materiality 0.65
GlobalTech shareholders approve 50x share increase, reverse split, new equity plan, name change
GlobalTech Corp
- Authorized common shares increased from 10M to 500M; reverse split (1:2 to 1:10) authorized through Dec 2025.
- 2024 Equity Incentive Plan adopted: 7.5M initial shares plus annual 5% evergreen, capped at 75M total shares.
- Name changed from Elko Broadband Inc to GlobalTech Corporation; 50M blank-check preferred shares authorized.
- All seven directors re-elected unanimously; Saeed Kamran & Co. ratified as independent auditor for FY2024.
- Director/officer liability limitation and indemnification adopted; Nevada control-share and interested-stockholder statutes opted out.