GlobalTech (OTC: GLTK), a U.S.-based technology holding company focused on AI, big data and emerging technologies, said it entered a definitive agreement to acquire a 51% interest in 123 Investments Limited d/b/a Moda in Pelle, a premium UK footwear brand with approximately $37 million in net revenue last year. The Company said the deal is expected to add a new revenue stream, strengthen its UK operational presence and enhance e-commerce capabilities through Thrivo AI integration, with closing expected within 30 days subject to customary conditions. CEO Dan Green said the acquisition aligns with GlobalTech’s value-creation strategy and will support technology deployment across both businesses. GlobalTech said the 51% stake will be purchased through a combination of common stock and Convertible Series A Preferred Stock, which convert to common stock upon a Nasdaq Capital Market uplisting or other specified conditions and carry no dividends.
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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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