GLOBAL TECHNOLOGIES LTD 8-K

What Happened
Global Technologies, Ltd. (GTLL) filed an 8-K on June 16, 2026 reporting that its independent auditor, QI CPA LLC, resigned effective June 16, 2026. QI CPA’s audit reports for the fiscal years ended June 30, 2025 and June 30, 2024 were not adverse or qualified, but included an explanatory paragraph expressing substantial doubt about the Company’s ability to continue as a going concern.

Key Details

• Resignation date: QI CPA LLC resigned effective June 16, 2026.
• Audit scope: QI CPA’s audit reports for FYs ended June 30, 2025 and June 30, 2024 contained no adverse opinion or disclaimer and were not qualified or modified for scope or accounting principles, except for a going-concern explanatory paragraph.
• Disagreements/reportable events: No disagreements with QI CPA on accounting, disclosure, or auditing matters, and no reportable events during those fiscal years and through June 8, 2026, except matters previously disclosed relating to internal control and disclosure controls.
• Follow-up: The Company has provided QI CPA with this 8-K disclosure and requested a letter from QI CPA to be filed as Exhibit 16.1 (or by amendment) confirming whether QI CPA agrees with the statements.

Why It Matters
An auditor resignation is material information for investors because it triggers scrutiny of the company’s financial reporting and controls. While QI CPA’s prior audit opinions were not qualified, the inclusion of a going-concern paragraph and previously disclosed internal-control matters are important facts investors should note. The filing does not name a successor auditor; investors should watch future filings for the appointment of a new auditor and any additional disclosures or changes to audit opinions.