GlobalTech Corp (GLTK): M&A transaction — GlobalTech closes acquisition of 51% stake in UK footwear brand Moda in Pelle

GlobalTech Corp

• Acquired 51% controlling interest in 123 Investments (d/b/a Moda in Pelle) for 82,800 Series A Preferred shares (deemed $100 each) and 750,000 common shares.
• Preferred shares convertible into common upon Nasdaq uplisting or other events; no dividends accrue.
• Earnout consideration up to $1M payable in cash or stock if FY2026 EBITDA >= 2.5M GBP and net profit >= 1.0M GBP.
• Financial statements of acquired business to be filed within 71 days; D. Boral Capital acted as financial advisor.