GlobalTech Corp (GLTK): debt financing — GlobalTech closes $1.4M convertible note private placement; converts to stock at 15% discount to IPO price

GlobalTech Corp

Gross proceeds of $1.4M from two accredited investors via Convertible Promissory Notes.
Notes bear no interest unless default; automatic conversion into common stock upon IPO at 85% of IPO price.
Proceeds to fund AI-powered solutions, data platforms, international expansion, and potential acquisitions.
Notes mature Sept 2, 2027; subordinated to financial institution debt; D. Boral Capital acted as advisor.

item 1.01 item 2.03 item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GlobalTech Corp incurred convertible notes of $1,400,000 at five percent (5%) per annum maturing September 2, 2027.

Instrument: convertible notes
Principal: $1,400,000
Rate: five percent (5%) per annum
Maturity: September 2, 2027
Event: incurrence

Exact text from the filing

the Investors purchased in aggregate $1,400,000 of Convertible Promissory Notes from the Company

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10 debt financings filed in the last 30 days. Browse all debt financings →

GlobalTech Corp filing history →

Source: SEC EDGAR

accession 0001477932-25-006553

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