GlobalTech's 1-for-3 Reverse Split Took Effect Thursday, Ahead of a Nasdaq Application Its Own Filing Says It Does Not Yet Meet All the Requirements For

by Imogen Farrow · August 27, 2026

Listings Reporter, The MicroCap Herald

GlobalTech Corp's 1-for-3 reverse stock split took effect at 12:01 a.m. PST on Thursday, according to a Form 8-K the Nevada-incorporated company filed on August 25 and a press release issued the same day. The consolidation reduces the OTCQB-quoted company's outstanding shares from approximately 152 million to approximately 50 million. The Herald reviewed both documents through StockTitan's filing and news pages rather than the originals lodged with the Securities and Exchange Commission; the quotations below are as they appear there.

The stated reason for the split is a Nasdaq listing the company does not have. In the 8-K, GlobalTech says the reverse split "will likely be necessary to obtain a listing of our common stock on the Nasdaq Capital Market," and that it expects the action to be required to meet Nasdaq's minimum bid price and minimum closing stock price requirements.

The same disclosure carries an unusually direct qualification. "While we have applied to list our common stock on the Nasdaq as of the date of this press release, we have not yet been approved to list our common stock by Nasdaq and do not currently meet all of the requirements for uplisting and may not meet all of the requirements for uplisting in the future," the company states in the announcement. It adds that it "may not be able to meet the initial listing standards of Nasdaq, even after a Reverse Stock Split, and/or may have our application to Nasdaq rejected." Nothing in the August 25 filings indicates that Nasdaq has acted on the application, and no expected decision date is given.

The mechanics

Shareholders approved the reverse split at a special meeting on December 29, 2025, with the board setting the final ratio afterward, according to the 8-K. Authorized share counts for common and preferred stock are unchanged, and par value remains $0.0001 per share. Fractional shares are rounded up to one whole share rather than cashed out.

The split is effective at 12:01 a.m. PST Thursday. For the 20 days of trading after the split is effective with FINRA, the company says its shares trade on the OTCQB under the temporary symbol GLTKD, after which the ticker reverts to GLTK.

Because the authorized count did not move with the outstanding count, the ratio of authorized shares to issued shares widens threefold. That unissued headroom is what a company draws on for future issuance. It is a standard consequence of splits structured this way rather than anything unique to GlobalTech, but it is the piece of a reverse split that most directly affects existing holders after the price adjustment washes through.

What the last filed financials show

The most recent figures available are nearly two months old, and are as reported by the company rather than independently verified. They cover the six months ended June 30 and were filed on August 13; the Herald read them through StockTitan's summary of the Form 10-Q rather than the filing itself. On a GAAP basis, GlobalTech reported revenue of $21.5 million and a net loss of $3.5 million for the six-month period, with net income of $534,403 in the second quarter alone.

The balance sheet at June 30 showed cash and equivalents of $796,306 and restricted cash of $2,820,812. Total stockholders' equity was $36.68 million, but that total rests on $57.43 million of non-controlling interest: equity attributable to the parent was negative $20.7 million. Current assets of $22.0 million against current liabilities of $50.8 million produce a working capital deficit of $28.7 million.

Shares outstanding were 152,111,091 at June 30 and 152,136,091 as of the August 13 filing date. The company consolidates WorldCall Telecom Limited as a variable interest entity and holds a 51 percent interest in 123 Investments Limited, acquired in December 2025 for consideration of up to $11.7 million.

The risk the split does not address

A reverse split changes the share count, not the business or the balance sheet behind it. GlobalTech's own filing states that it does not currently satisfy all of Nasdaq's uplisting requirements, and the company's forward-looking language warns that the split "may not achieve intended results, including compliance with listing requirements, and may reduce liquidity or fail to sustain higher stock prices."

The company describes itself as a "publicly-traded technology platform company building AI and data companies inside real operating infrastructure." That is the company's own characterization of its business, not an independent assessment. Holders weighing the uplisting question have the negative parent-level equity, the $28.7 million working capital deficit, cash and equivalents of under $800,000 at the last reported balance sheet date and the unchanged authorized share count on one side, and an application whose outcome the company has said it cannot predict on the other. None of the documents reviewed for this article contains a going-concern statement either way.