- GlobalTech recently closed a $1.4 million private placement of convertible notes to augment its growth and expansion plans.
- GLTK envisions advancing data-driven and AI-powered platforms across identified markets with solid growth potential.
- These updates highlight the company’s ongoing efforts toward uplisting on a national exchange and its overall expansion plans.
GlobalTech (OTC: GLTK), an American-headquartered tech-holding company with a specialty in big data, AI, and digital infrastructure, recently announced that it closed a $1.4 million private placement offering of promissory notes. This deal represents a big step for the firm as it increases efforts to achieve its growth and expansion vision. These notes, which are structured not to accrue interest except when in default, can be automatically converted to shares of common stock through an IPO at a discount to the original price (ibn.fm/4JAbF).
GLTK aims to leverage the funds raised to speed up its growth and expansion objectives. Some key areas expected to benefit from the funding include efforts aimed at promoting data-driven platforms and AI-powered solutions, as well as making further inroads into potentially lucrative global…
NOTE TO INVESTORS: The latest news and updates relating to GLTK are available in the company’s newsroom at ibn.fm/GLTK
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