Welcome to our dedicated page for Globaltech SEC filings (Ticker: GLTK), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
GlobalTech Corporation filings document a Nevada public company operating as a technology holding company with telecommunications, broadband, technology services and retail activities. Current reports and annual-report references disclose operating and financial results, segment revenue drivers, platform-development spending and the completed acquisition of a 51% interest in 123 Investments Limited, d/b/a Moda in Pelle.
The filing record also covers material agreements, pro forma and acquired-business financial statements, unregistered equity issuances, Series A Convertible Preferred Stock terms, auditor changes, OTCQB quotation, and proxy matters. Governance and capital-structure disclosures include shareholder voting on reverse-stock-split authority, amendments to charter documents, going-concern disclosure and security-registration status.
Globaltech Corporation reported sharply higher revenue but wider losses for Q1 2026. Net revenue rose to about $10.4 million from $4.3 million a year earlier, mainly from consolidating its 51% stake in 123 Investments Limited, which operates the Moda in Pelle premium footwear business, alongside telecom, broadband and technology services.
Despite the higher scale, Globaltech posted a GAAP net loss of roughly $4.0 million versus $1.1 million in Q1 2025, with Adjusted EBITDA at about $(1.3) million compared with near breakeven previously as integration, depreciation, finance costs and investment in its technology roadmap weighed on results. Total assets were about $100.8 million and total shareholders’ equity roughly $36.1 million as of March 31, 2026. Management emphasized disciplined integration of Moda in Pelle, cost control, and a “proof-first” approach to commercializing data, AI-enabled workflow, digital commerce and sports league management platforms, while continuing preparations for a potential future uplisting to the Nasdaq Capital Market, subject to meeting all requirements.
GlobalTech Corporation reports sharply higher net revenue of $10.4 million for the three months ended March 31, 2026, up from $4.3 million a year earlier, but posts a larger net loss of $4.0 million versus $1.1 million.
The loss reflects higher direct and other operating costs, increased depreciation and amortization of $1.9 million, and finance costs of $0.8 million. Cash used in operating activities narrowed to $0.3 million, while investing outflows were $0.6 million and financing activities provided $0.7 million, including $0.7 million from common stock issuance.
Total assets were $100.8 million and total liabilities $64.7 million. The balance sheet is dominated by $45.3 million of intangible assets and $4.8 million of goodwill, largely tied to the $11.7 million acquisition of 51% of 123 Investments Limited, whose footwear operations recorded a seasonal $2.48 million loss in the quarter.
Syed Babar Ali filed a Schedule 13D reporting beneficial ownership of 93,403,156 shares of GLOBALTECH CORP common stock, representing 59.87% of the class. He has sole voting and dispositive power over most of these shares and shared voting power over 4,940,000 shares.
His position includes 750,000 common shares and 4,190,000 common shares issuable upon conversion of Series A Convertible Preferred Stock held by separate shareholders under a Voting Agreement, which grants him and another majority shareholder an irrevocable proxy over those securities. The securities were acquired for investment purposes, and he may increase or reduce his holdings in the future.
GLOBALTECH CORP Chief Financial Officer Muhammad Azhar Saeed filed a Schedule 13D reporting beneficial ownership of 33,385,122 shares of common stock, or 21.4% of the class. This includes shares he holds directly plus securities over which he has voting power under a Voting Agreement.
Through this agreement with shareholders Stephen Buck and John Patrick Bywater, Saeed and Babar Ali Syed share voting rights over 750,000 common shares and 82,800 shares of Series A Convertible Preferred Stock, which are convertible into 4,190,000 common shares. The agreement grants them an irrevocable proxy to vote these securities until the earlier of January 1, 2029, the shareholders no longer holding company securities, or termination by the majority shareholders. Saeed states he holds the position for investment purposes and currently has no specific plans for corporate changes.
GlobalTech Corp major shareholder Syed Babar Ali reports his ownership and new voting rights arrangements. He directly holds 88,463,156 shares of Common Stock. Through a Voting Agreement dated November 25, 2025, he and Muhammad Azhar Saeed received an irrevocable proxy over securities held by two other shareholders.
Those shareholders were issued 750,000 Common shares and 82,800 shares of Series A Convertible Preferred Stock on December 15, 2025. The Series A can convert into Common Stock, with 4,190,000 underlying Common shares shown for the 82,800 preferred shares, and includes an optional 60‑day conversion period beginning March 31, 2026 plus automatic conversion upon a stock exchange uplisting. The footnotes state Mr. Ali only shares voting rights for these securities, has no dispositive control, and no pecuniary interest in them.
GlobalTech Corp CFO Muhammad Azhar Saeed, a more than 10% owner, reported updated holdings and new voting rights. He directly holds 28,445,112 shares of Common Stock. Through a Voting Agreement with two other shareholders, he and Syed Babar Ali share voting power over 750,000 Common shares and 82,800 shares of Series A Convertible Preferred Stock issued to those shareholders.
The Series A Preferred Stock is convertible into Common Stock under specified terms, including an optional 60-day conversion window beginning on March 31, 2026 and automatic conversion upon an uplisting to major U.S. exchanges. The Series A Preferred Stock has no expiration date.
GlobalTech Corp insider Syed Babar Ali, identified as a ten percent owner, has filed an initial ownership report on Common Stock. The filing shows he beneficially owned 88,463,156 shares as of November 29, 2022, the date GlobalTech became subject to Section 12 reporting obligations.
GlobalTech Corp CFO Saeed Muhammad Azhar has filed an initial ownership report for the company’s common stock. He directly holds 28,445,122 shares of common stock. He also shares voting power, under a Voting Agreement effective November 25, 2025, over 750,000 common shares and 4,190,000 shares issuable upon conversion of Series A Preferred Stock held by other shareholders. The company became subject to Section 12 reporting obligations on November 29, 2022.
GlobalTech Corp reporting persons filed Amendment No. 2 to a Schedule 13G/A to disclose that CricksLab L.L.C-FZ holds 3,500,000 shares of Common Stock, representing 2.3% of the class. The percentage is calculated using 151,071,091 shares outstanding as of March 23, 2026, per the issuer's Form 10-K. The filing adds Akash Ahmed and Iqbal Zishan as reporting persons because each has voting and investment discretion over the shares held of record by CricksLab L.L.C-FZ; both disclaim beneficial ownership except for any pecuniary interest.
GlobalTech Corporation filed Amendment No. 1 to its Annual Report for the year ended December 31, 2025. The amendment is narrow and only updates the cover page to state that the company has now electronically submitted every required Interactive Data File under Rule 405 of Regulation S‑K, following corrected XBRL tagging for its 2024 annual report.
The amendment does not change any 2025 financial or business disclosures from the original filing. As of June 25, 2025, the aggregate market value of common equity held by non‑affiliates was approximately $33,779,450 based on a $1.80 share price, and 151,071,091 common shares were outstanding as of March 23, 2026. The company is a controlled company, with 58.56% of outstanding shares beneficially owned by Babar Ali Syed.