---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-006021"
form_type: "8-K"
ticker: "GLTK"
cik: "0001938338"
company_name: "GlobalTech Corp"
filed_at: "2026-10-02T20:30:46+00:00"
generated_at: "2026-10-12T14:39:30.044223+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# GlobalTech to restate FY2025 and 2026 quarters; $8.40M deferred-tax allowance lifts 2025 loss to $11.55M

## Summary
- Audit Committee on Sept 29, 2026 concluded FY2025 10-K (filed March 31, 2026) and Q1/Q2 2026 10-Qs (May 15, Aug 13, 2026) contain material errors and should not be relied upon.
- Error: deferred tax asset realizability under ASC 740; additional valuation allowance of ~$8.40M as of Dec 31, 2025, lifting total valuation allowance to $11.77M; auditor is Zahid Jamil & Co.
- FY2025 restated: total assets $100.50M (from $103.15M); liabilities $69.07M (from $63.31M); equity $31.43M (from $39.83M); loss after tax $11.55M (from $3.15M); EPS $(0.04) vs $(0.01).
- Tax expense for FY2025 rises from $0.29M to $8.69M; comprehensive loss widens from $2.11M to $10.51M; deferred tax liability of $5.76M reclassified as non-current.
- Error did not affect cash, cash flows, revenue or liquidity; company identified new material weaknesses in ICFR and said disclosure controls were not effective as of Dec 31, 2025.

## SEC filing metadata
- accession: 0001477932-26-006021
- form_type: 8-K
- ticker: GLTK
- cik: 0001938338
- company_name: GlobalTech Corp
- filed_at: 2026-10-02T20:30:46+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1938338/000147793226006021/0001477932-26-006021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1938338/000147793226006021/gltk_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-006021
- JSON: https://secwatch.observer/filing/0001477932-26-006021.json
- Plain text: https://secwatch.observer/filing/0001477932-26-006021.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.