GlobalTech Corp. (OTC: GLTK), a publicly traded technology platform company building AI and data companies inside real operating infrastructure, has announced a 1-for-3 reverse stock split. The split is expected to become effective 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 is a strategic move to help the company satisfy the Nasdaq minimum bid price and/or closing stock price requirements as part of its effort to uplist to the Nasdaq Capital Market.
The reverse split is expected to reduce the company's outstanding common shares from approximately 152 million to approximately 50 million. By consolidating the share count, GlobalTech aims to increase the per-share trading price, which is a common requirement for companies seeking to list on major exchanges like Nasdaq. The company has applied for a Nasdaq listing but has not been approved and does not currently meet all uplisting requirements. Following FINRA effectiveness, the shares are expected to trade under the temporary symbol GLTKD for 20 trading days before reverting to GLTK.
This announcement is significant for investors and stakeholders as it signals GlobalTech's commitment to achieving a Nasdaq listing, which could provide increased visibility, liquidity, and credibility. Uplisting to a national exchange often attracts institutional investors and can enhance the company's ability to raise capital. The reverse split is a critical step in this process, and its success will depend on the company's ability to maintain the required stock price and meet other listing standards.
GlobalTech Corporation (OTCQB: GLTK) is a publicly-traded technology platform company building AI and data companies inside real operating infrastructure. The Company combines revenue-generating operating businesses with AI and data technology platforms across telecommunications, retail commerce, financial technology, enterprise software, e-commerce and sports technology. Through its Center of Excellence, Globaltech seeks to identify, validate and scale technology opportunities using real customer environments, infrastructure, operating workflows and commercialization support.
For more information about GlobalTech and its latest news, visit the company's newsroom at https://nnw.fm/GLTK. The full press release can be viewed at https://nnw.fm/9qOVQ.
