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GlobalTech to restate FY2025 and 2026 quarters; $8.40M deferred-tax allowance lifts 2025 loss to $11.55M
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.
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GlobalTech updates Nasdaq uplisting plan: 1-for-3 reverse split done, application still under review
Nasdaq application under review; company does not currently meet uplisting requirements and has not received approval.
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Globaltech Q2 revenue up 98% to $11.1M; net income $0.5M, but debt default persists
Q2 net revenue $11.1M, up 98% YoY; six-month revenue $21.5M, up 116% YoY.
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GlobalTech announces 1-for-3 reverse stock split effective Aug 27, 2026
1-for-3 reverse split effective Aug 27, 2026 12:01 a.m. PST; shares reduced from ~152M to ~50M.
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GlobalTech engages MZ Group for IR; reports Q1 revenue >$10.45M, plans Nasdaq uplisting
Engaged MZ Group to lead strategic IR and shareholder communications, supporting planned Nasdaq Capital Market uplisting.
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GlobalTech 2025 update: 51% Moda in Pelle stake, $1.6M notes, OTCQB uplist, Nasdaq application
Acquired 51% of Moda in Pelle (UK footwear brand) on Dec 15, 2025; MIP had >$30M revenue in its last fiscal year.
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Globaltech Q1 revenue $10.4M (+142% YoY); net loss widens to $4.0M
Net revenue $10.4M, up ~142% YoY from $4.3M, driven by Moda in Pelle acquisition and tech services.
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GlobalTech FY2025 revenue $22.1M (+21% YoY), net loss $3.1M, positive Adj. EBITDA $0.89M
Net revenue $22.1M (+21% YoY); operating loss $(3.7)M; net loss $(3.1)M.
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GlobalTech uplisted to OTCQB, submits application for Nasdaq listing
Common stock approved for quotation on OTCQB Venture Market (OTCQB: GLTK), effective March 26, 2026.
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GlobalTech amends 8-K to correct pro forma date errors for 123 Investments deal
Corrected pro forma balance sheet date from Dec 31, 2024 to Sep 30, 2025.
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GlobalTech closes acquisition of 123 Investments; acquired co. revenue $36.8M, net profit down 61%
123 Investments revenue $36.8M for FY ended Jan 28, 2025, up 10% YoY from $33.4M.
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GlobalTech auditor resigns (going concern noted); new auditor Zahid Jamil engaged; board appoints Shahid Ahmed Khan
Saeed Kamran resigned as auditor effective Dec 17, 2025; prior reports had going concern uncertainty but no adverse opinion.
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GlobalTech stockholders approve reverse stock split authorization (1:2 to 1:10)
Board authorized to effect reverse split of common stock at ratio between 1:2 and 1:10, with exact ratio set later.
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GlobalTech closes acquisition of 51% stake in UK footwear brand Moda in Pelle
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.
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GlobalTech to acquire 51% of UK footwear firm 123 Investments in share exchange
Consideration: 82,800 Series A Preferred ($100 deemed value) and 750,000 common shares at closing.
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GlobalTech Q3 revenue up 10% to $5.5M; net loss widens to $713K, adjusted EBITDA plunges to $10K
Net revenue $5.5M (+10% YoY); operating loss improved to $516K from $1.1M loss in Q3 2024.
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GlobalTech signs blockchain deal with World Mobile Chain; plans WMTx treasury
Agreement to integrate WMC's EVM-compatible Layer 3 blockchain built on Coinbase's Base.
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GlobalTech appoints Frank Parrish as President; director Mehmet Ulema resigns
Frank R. Parrish, III appointed President effective Sept 22, 2025; former President Dana Green remains CEO and Director.
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GlobalTech closes $1.4M convertible note private placement; converts to stock at 15% discount to IPO price
Gross proceeds of $1.4M from two accredited investors via Convertible Promissory Notes.
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GlobalTech Q2 2025 revenue $5.63M (+23.3% YoY); net loss narrows to $1.12M
Revenue $5.63M, up 23.3% YoY from $4.56M; international termination minutes up 39%.
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GlobalTech signs non-binding MoU with Omantel to explore AI & Big Data revenue share
GlobalTech (OTC:GTLK) and Omantel signed non-binding MoU to explore AI/Big Data revenue-sharing.
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GlobalTech Q1 revenue up 17% to $4.3M; net loss narrows to $1.1M
Net revenue $4.3M, up 17.3% YoY; telecom +4.9%, broadband +195.6% (now 16% of revenue).
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GlobalTech acquires exclusive worldwide license to CricksLab Core Engine for $10M in stock
Issued 10M restricted shares valued at $10M for exclusive, perpetual, royalty-free license to CricksLab's core engine for baseball, softball, and other bat-and-ball sports.
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GlobalTech reports FY2024 revenue $18.3M (+72% YoY); net loss narrows to $3.0M
Record revenue of $18.3M vs $10.6M in 2023, driven by FTTH broadband growth in Pakistan.
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GlobalTech ratifies charter amendments: authorized shares increased to 500M, blank-check preferred authorized
Common stock authorized shares increased from 10M to 500M via ratification; effective Dec 11, 2024.
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GlobalTech amends 8-K to add omitted director vote totals; all proposals pass unanimously
Amendment corrects missing voting totals for director David Julian Fox at December 5, 2024 annual meeting.
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GlobalTech shareholders approve 50x share increase, reverse split, new equity plan, name change
Authorized common shares increased from 10M to 500M; reverse split (1:2 to 1:10) authorized through Dec 2025.
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GlobalTech sets Nov 20, 2024 annual meeting; record date Oct 7, proposal deadline Oct 8.
Board determined 2024 annual meeting will be held on November 20, 2024.
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GlobalTech appoints Muhammad Azhar Saeed as CFO, effective Sept 5, 2024
Muhammad Azhar Saeed, FCA, appointed CFO effective September 5, 2024; previously Group CFO of WorldCall Group.
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March 29, 2024, 7:59 PM ET
other material
materiality 0.50
neutral
GlobalTech extends merger agreement deadline to June 30, 2024
Seventh amendment extends outside date from March 31, 2024 to June 30, 2024.
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GlobalTech appoints M/s Saeed Kamran & Co as auditor for FY2023
Appointed M/s Saeed Kamran & Co as independent registered public accounting firm for the fiscal year ended December 31, 2023.
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GlobalTech's auditor M/s Crowe Hussain Chaudhary & Co resigns effective immediately
Crowe Hussain Chaudhary & Co resigned as independent auditor effective March 20, 2024.
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December 19, 2023, 6:59 PM ET
other material
materiality 0.30
neutral
GlobalTech extends merger reorganization deadline to March 31, 2024
Sixth Amendment to Plan and Agreement of Reorganization between Elko Broadband and Worldcall Holdings.
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GlobalTech assigned OTC ticker GLTK; trading awaits DTC eligibility approval
FINRA assigned trading symbol GLTK to GlobalTech on November 14, 2023.
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GlobalTech appoints David Fox and Mehdi Al Abduwani to Board of Directors
Two new directors appointed on April 3, 2023.
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GlobalTech Corporation restates financials for 2021-2023; prior statements unreliable
Board determined on Sept 15, 2023 that financial statements for 2021-2022 and Q1-Q2 2023 must be restated due to errors.
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GlobalTech restates 2021–2023 financials; non-reliance on prior filings due to error in common control acquisition
Board determined Aug 31, 2023 that FY2021, FY2022, Q1 2023 and Q2 2023 financials should not be relied upon.
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GlobalTech restates 2022 annual and Q1/Q2 2023 financials; cites error in common control acquisition
Board determined that previously issued 10-K for 2022 and 10-Qs for March and June 2023 should no longer be relied upon.