GlobalTech (OTC: GLTK), a U.S.-headquartered technology holding company focused on artificial intelligence, big data and emerging technologies, announced the closing of a private placement of convertible promissory notes for gross proceeds of $1.4 million. The notes, which do not accrue interest unless in default, will automatically convert into common stock at a 15% discount upon a future IPO. Proceeds will support development of AI-powered solutions, international market expansion and potential acquisitions. D. Boral Capital LLC acted as strategic advisor for the transaction.
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About GlobalTech Corporation
GlobalTech Corporation is a U.S.-based technology holding company driving innovation across AI, big data, and frontier technologies. Through strategic partnerships, scalable platforms, and capital investments, GlobalTech seeks to empower companies and enterprises to transform industries and create value in the digital economy.
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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