---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-002617"
form_type: "8-K"
ticker: "GLTK"
cik: "0001938338"
company_name: "GlobalTech Corp"
filed_at: "2025-04-11T23:59:59+00:00"
generated_at: "2026-05-23T16:31:50.466527+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GlobalTech acquires exclusive worldwide license to CricksLab Core Engine for $10M in stock

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-25-002617
- form_type: 8-K
- ticker: GLTK
- cik: 0001938338
- company_name: GlobalTech Corp
- filed_at: 2025-04-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1938338/000147793225002617/0001477932-25-002617-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1938338/000147793225002617/global_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-002617
- JSON: https://secwatch.observer/filing/0001477932-25-002617.json
- Plain text: https://secwatch.observer/filing/0001477932-25-002617.txt

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