secwatch.observer — SEC 8-K summary
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Issuer:     GlobalTech Corp (GLTK)
CIK:        0001938338
Form:       8-K
Filed at:   2025-12-18T23:59:59+00:00
Accession:  0001477932-25-009036
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 2.01, 3.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GlobalTech closes acquisition of 51% stake in UK footwear brand Moda in Pelle
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1938338/000147793225009036/0001477932-25-009036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1938338/000147793225009036/global_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-25-009036

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