GlobalTech to acquire 51% of UK footwear firm 123 Investments in share exchange

GlobalTech Corp

Consideration: 82,800 Series A Preferred ($100 deemed value) and 750,000 common shares at closing.
Earnout up to $1M if 123 Investments 2026 EBITDA >= GBP 2.5M and net profit >= GBP 1.0M.
Company to provide US$3M revolving credit facility to 123 Investments by Jan 15, 2026 deadline.
Shareholders locked up from transferring common stock for 2 years post-conversion (limited exceptions).
Company gets 3 of 5 board seats on 123 Investments; shareholders grant irrevocable proxy to majority holders until 2029.

item 1.01 item 5.03 item 2.01 item 9.01 item 3.02 item 3.03 item 7.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

GlobalTech Corp: Filed Certificate of Designation establishing Series A Preferred Stock designations, preferences, limitations and relative rights (effective 2025-11-25).

Change: charter amendment
Effective: 2025-11-25

Exact text from the filing

On November 25, 2025, the Company submitted for filing to the Secretary of State of Nevada, a Certificate of Designation of GlobalTech Corporation Establishing the Designations, Preferences, Limitations and Relative Rights of its Convertible Series A Preferred Stock (the “ Series A Designation ”), which was filed with the Secretary of State of Nevada on November 25, 2025, effective as of the same date.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GlobalTech Corp entered into Share Exchange Agreement with 123 Investments Limited and its shareholders Stephen Buck and John Patrick Bywater (effective 2025-11-25).

Action: entry
Agreement: equity purchase
Counterparty: 123 Investments Limited and its shareholders Stephen Buck and John Patrick Bywater
Effective: 2025-11-25

Exact text from the filing

On November 25, 2025, GlobalTech Corporation (the “ Company ”, “ we ” and “ us ”), entered into a Share Exchange Agreement (the “ Exchange Agreement ”), with 123 Investments Limited, a private company registered under the laws of England and Wales (“ 123 Investments ”), and Stephen Buck and John Patrick Bywater, the shareholders of 123 Investments

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13 governance changes filed in the last 30 days. Browse all governance changes →

GlobalTech Corp filing history →

Source: SEC EDGAR

accession 0001477932-25-008727

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