global_10ka.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-K/A

(Amendment No. 1)

 

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended December 31, 2025

 

TRANSITION REPORT UNDER SECTION 13 BOR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from                             to                            

 

Commission file number 000-56482

 

GlobalTech Corporation

(Exact name of registrant as specified in its charter)

 

Nevada

(State or other jurisdiction of incorporation or organization)

 

3550 Barron Way Suite 13aRenoNV 89511

(Address of principal executive offices, including zip code.)

 

775 624-4817

(Telephone number, including area code)

 

 N/A

(Former name, former address, and former fiscal year, if changed since last report)

 

Securities registered under Section 12(b) of the Act:

 

Title of each class

 

Name of each exchange on which registered.

None 

 

 N/A

 

Securities registered under Section 12(g) of the Act:

 

Common Stock, $0.0001 par value

(Title of class)

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 the Securities Act. Yes ☐    No ☒

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐    No ☒

 

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the last 90 days. Yes ☒    No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-K (§229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒   No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” and “emerging grown company,” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

Accelerated filer

Non-accelerated Filer

Smaller reporting company

 

 

Emerging Growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

 

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. 

 

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

 

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes     No ☒

 

The aggregate market value of the voting and non-voting common equity held by non-affiliates of the Registrant, based upon the closing price of the shares of common stock on OTC Markets as of June 25, 2025, the last trading day before the end of the most recently completed second fiscal quarter, and based on the closing sales price on such date of $1.80, was $33,779,450. For purposes of calculating the aggregate market value of shares held by non-affiliates, we have assumed that all outstanding shares are held by non-affiliates, except for shares held by each of our executive officers, directors and 5% or greater stockholders. In the case of 5% or greater stockholders, we have not deemed such stockholders to be affiliates unless there are facts and circumstances which would indicate that such stockholders exercise any control over our company, or unless they hold 10% or more of our outstanding common stock. These assumptions should not be deemed to constitute an admission that all executive officers, directors and 5% or greater stockholders are, in fact, affiliates of our company, or that there are no other persons who may be deemed to be affiliates of our company. Further information concerning shareholdings of our officers, directors and principal shareholders is included or incorporated by reference in Part III, Item 12 of this Annual Report on Form 10-K.

 

Indicate the number of shares outstanding of each of the registrant’s classes of common stock as of the latest practicable date: 151,071,091 of Common Stock as of March 23, 2026.

 

Document Incorporated by Reference: None

 

We are a controlled company as 58.56% of our issued and outstanding shares are beneficially owned by Babar Ali Syed.

 

DOCUMENTS INCORPORATED BY REFERENCE

 None.

 

 

 

 

Explanatory Note

 

On March 31, 2026, GlobalTech Corporation (the “Company,” “we,” “us,” or “our”) filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “Original Form 10-K”) with the U.S. Securities and Exchange Commission (the “SEC”).

 

The Original Form 10-K reported that the Company had not submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-K during the preceding 12 months, as certain required XBRL items were not correctly tagged in its Annual Report on Form 10-K for the year ended December 31, 2024. Subsequently, the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 was amended to correct such missing XBRL tagging and this Amendment No. 1 to Annual Report on Form 10-K (“Amendment No. 1”) is being filed solely to update the cover page of the Original Form 10-K to confirm that the Company has now submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-K during the preceding 12 months.

 

As such, this Amendment No. 1:

 

 

updates the cover page of the Original Form 10-K as described above; and

 

files new certifications of our principal executive officer and principal financial officer as exhibits to this Amendment No. 1 under Item 15 of Part IV hereof, pursuant to Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

 

This Amendment No. 1 does not otherwise change or update any of the disclosures set forth in the Original Form 10-K, and, except as expressly stated herein, does not reflect events occurring after the filing of the Original Form 10-K.

 

 
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ITEM 15. EXHIBITS, FINANCIAL STATEMENTS AND SCHEDULES

 

(a) No financial statement or supplemental data is filed with this Amendment No. 1 to Form 10-K. See Index to Financial Statements and Supplemental Data of the Original Form 10-K.

 

(b) Exhibits

 

The exhibits required to be filed by Item 15 are set forth in, and filed with or incorporated by reference in, the “Exhibit Index” of the Original Form 10-K. The attached list of exhibits in the “Exhibit Index” sets forth the additional exhibits required to be filed with this Amendment No. 1 and is incorporated herein by reference in response to this item.

 

Exhibit

Number 

 

Description

 

 

31.3*

 

Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act

31.4*

 

Certification of Principal Accounting Officer pursuant to Section 302 of the Sarbanes-Oxley Act

101.INS

 

Inline XBRL Instance Document (filed herewith)

101.SCH

 

Inline XBRL Taxonomy Extension Schema With Embedded Linkbase Documents (filed herewith)

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

*

Filed herewith.

 

 
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SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

 

GLOBALTECH CORPORATION

 

 

 

 

 

Dated: April 16, 2026

By:

/s/ Dana Green

 

 

 

Dana Green

 

 

 

Chief Executive Officer, President and Director

 

 

 

(Principal Executive Officer)

 

 

 
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