GlobalTech Corp 8-K

What Happened

• On December 29, 2025, GlobalTech Corporation (GLTK) held a special meeting of stockholders. Shareholders representing 145,829,106 shares (97.26% of voting shares as of the October 31, 2025 record date) were present in person or by proxy.
• Stockholders approved a management proposal giving the Board discretionary authority to amend the Company’s articles to effect a reverse stock split of its common stock at a ratio between 1-for-2 and 1-for-10 (exact whole-number ratio to be set by the Board or an authorized committee), to be implemented any time after approval and before December 29, 2026. The vote was 145,829,103 For and 3 Against. A related proposal to allow adjournment to solicit additional proxies was also approved but became moot because the reverse split proposal passed.

Key Details

• Special meeting date: December 29, 2025; record date: October 31, 2025.
• Shares represented at the meeting: 145,829,106 (97.26% of outstanding voting shares).
• Vote on reverse split authority: For 145,829,103; Against 3; Abstain 0.
• Board may set how to handle fractional shares: arrange disposition, pay cash for fractional interests, or issue rounded-up whole shares.

Why It Matters

• If the Board implements the approved reverse split, the total number of outstanding common shares will be reduced by the chosen ratio (between 1-for-2 and 1-for-10), and the per-share price will adjust proportionally. No change is effective until the Board elects to implement the amendment and sets the exact ratio and effective date.
• Investors should watch for a future announcement from GlobalTech specifying the exact split ratio, effective date, and the method selected for handling fractional shares, since those details will determine the direct, mechanical impact on individual holdings.