GlobalTech Corp (GLTK): M&A transaction — GlobalTech acquires exclusive worldwide license to CricksLab Core Engine for $10M in stock

GlobalTech Corp

Issued 10M restricted shares valued at $10M for exclusive, perpetual, royalty-free license to CricksLab's core engine for baseball, softball, and other bat-and-ball sports.
License includes player/team/league management, live video, scoring, and statistics; excludes cricket which remains exclusive to CricksLab.
Non-compete provisions bar CricksLab from competing in baseball/softball and GlobalTech from cricket-related development.
Transaction closed on April 7, 2025; press release issued April 11, 2025.
CEO Dan Green says the license enables expansion into the sports vertical and drives value creation.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

GlobalTech Corp completed an acquisition involving CricksLab L.L.C-FZ for 10,000,000 restricted shares of its common stock, valued at $10,000,000 (closed 2025-04-07).

Action: acquisition
Counterparty: CricksLab L.L.C-FZ
Consideration: 10,000,000 restricted shares of its common stock, valued at $10,000,000
Closing: 2025-04-07

Exact text from the filing

provided such use does not conflict with the Company’s rights and complies with the Agreement’s non-compete provisions. As consideration for the Agreement, the Company issued 10,000,000 restricted shares of its common stock to CricksLab, valued at $10,000,000. The Agreement includes a non-compete clause that prohibits CricksLab from directly or indirectly

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5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

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Source: SEC EDGAR

accession 0001477932-25-002617

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