GlobalTech Corp. Announces 1-for-3 Reverse Stock Split to Facilitate Nasdaq Uplisting

GlobalTech Corp. (OTC: GLTK) has announced a 1-for-3 reverse stock split, a strategic move intended to support its effort to uplist to the Nasdaq Capital Market. The reverse split is expected to become effective on Aug. 27, 2026, at 12:01 a.m. PST, with split-adjusted trading expected to begin that day or as soon thereafter as FINRA announces effectiveness. This corporate action will reduce the company's outstanding common shares from approximately 152 million to approximately 50 million, a significant reduction that could help the company meet Nasdaq's minimum bid price and/or closing stock price requirements.

The decision to implement a reverse stock split is a common strategy for companies seeking to meet exchange listing standards. For GlobalTech, which has applied for a Nasdaq listing but has not yet been approved, this step is crucial. The company currently does not meet all uplisting requirements, and the reverse split is designed to address one of the key hurdles. Following FINRA effectiveness, the shares are expected to trade under the temporary symbol GLTKD for 20 trading days before reverting to GLTK.

GlobalTech Corporation is a publicly traded technology platform company that builds AI and data companies inside real operating infrastructure. The company combines revenue-generating operating businesses with AI and data technology platforms across various sectors, including telecommunications, retail commerce, financial technology, enterprise software, e-commerce, and sports technology. Through its Center of Excellence, GlobalTech aims to identify, validate, and scale technology opportunities using real customer environments, infrastructure, operating workflows, and commercialization support.

The reverse stock split is a significant event for the company and its shareholders. By reducing the number of shares outstanding, the company aims to increase the per-share market price, which is often a prerequisite for listing on major exchanges like Nasdaq. This move could enhance the company's visibility and appeal to institutional investors, potentially improving liquidity and marketability of its shares.

Investors and stakeholders will be closely watching the progress of the uplisting effort. The successful completion of the reverse split and subsequent Nasdaq listing could provide the company with greater access to capital markets and increased credibility. However, the company still faces regulatory and market hurdles before achieving its goal. The announcement has been made public through a press release, and more details are available on the company's newsroom at https://nnw.fm/GLTK.

GlobalTech's decision to pursue a Nasdaq listing underscores its ambition to grow and expand its operations. By aligning with the stringent requirements of a major exchange, the company is signaling its commitment to transparency and governance. The reverse stock split is a proactive measure that could pave the way for future growth opportunities. As the effective date approaches, shareholders and market participants will be eager to see how this strategic move unfolds and whether it will successfully facilitate the company's transition to a national exchange.