TechMediaBreaks – GlobalTech Corp. (OTC: GLTK) Closes Acquisition of Controlling Stake in Moda In Pelle
GlobalTech (OTC: GLTK) announced the closing of its previously disclosed definitive agreement to acquire a 51% controlling interest in 123 Investments Limited, doing business as Moda in Pelle, a premium U.K. footwear brand founded in 1975, in a transaction intended to add a new revenue stream and expand the company’s direct-to-consumer and e-commerce capabilities. The U.S.-based technology holding company said the acquisition supports the planned deployment of its Thrivo AI platform within the Moda in Pelle ecosystem and strengthens its operational footprint in the U.K., with consideration consisting of shares of GlobalTech common stock and Convertible Series A Preferred Stock,…