secwatch.observer — SEC 8-K summary
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Issuer:     GlobalTech Corp (GLTK)
CIK:        0001938338
Form:       8-K
Filed at:   2025-09-08T23:59:59+00:00
Accession:  0001477932-25-006553
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GlobalTech closes $1.4M convertible note private placement; converts to stock at 15% discount to IPO price
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1938338/000147793225006553/0001477932-25-006553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1938338/000147793225006553/global_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-006553

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer