GlobalTech (OTC: GLTK), a publicly traded technology platform company building AI and data companies inside real operating infrastructure, announced a 1-for-3 reverse stock split expected to become effective Aug. 27, 2026, at 12:01 a.m. PST, with split-adjusted trading expected to begin that day or as soon thereafter as FINRA announces effectiveness. The reverse split is expected to reduce outstanding common shares from approximately 152 million to approximately 50 million and is intended to help the company satisfy Nasdaq minimum bid price and/or closing stock price requirements as part of its effort to uplist to the Nasdaq Capital Market. Globaltech has applied for a Nasdaq listing but has not been approved and does not currently meet all uplisting requirements. Following FINRA effectiveness, the shares are expected to trade under the temporary symbol GLTKD for 20 trading days before reverting to GLTK.
To view the full press release, visit https://ibn.fm/9qOVQ
About Globaltech Corporation
Globaltech Corporation (OTCQB: GLTK) is a publicly-traded technology platform company building AI and data companies inside real operating infrastructure. The Company combines revenue-generating operating businesses with AI and data technology platforms across telecommunications, retail commerce, financial technology, enterprise software, e-commerce and sports technology. Through its Center of Excellence, Globaltech seeks to identify, validate and scale technology opportunities using real customer environments, infrastructure, operating workflows and commercialization support.
NOTE TO INVESTORS: The latest news and updates relating to GLTK are available in the company’s newsroom at https://ibn.fm/GLTK
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