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

GlobalTech Corp. (OTC: GLTK), a technology platform company that builds AI and data companies within real operating infrastructure, has announced a 1-for-3 reverse stock split. The 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 shortly after FINRA announces effectiveness. This strategic move is designed to reduce the company's outstanding common shares from approximately 152 million to around 50 million, aiming to satisfy Nasdaq's minimum bid price and closing stock price requirements as part of its effort to uplist to the Nasdaq Capital Market.

The reverse split is a critical step for GlobalTech as it seeks to transition from the OTC market to a major national exchange. Uplisting to Nasdaq could provide the company with increased visibility, liquidity, and credibility among investors. However, it is important to note that GlobalTech has applied for a Nasdaq listing but has not yet been approved and currently does not 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.

GlobalTech Corporation is a publicly traded technology platform company focused on building 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 identifies, validates, and scales technology opportunities using real customer environments, infrastructure, operating workflows, and commercialization support.

The reverse stock split is a significant corporate action that could impact current shareholders by reducing the number of shares they hold, though the overall value of their investment remains unchanged initially. The move is often used to boost a stock's price per share to meet exchange listing requirements. For GlobalTech, this is a proactive measure to enhance its eligibility for a Nasdaq listing, which could broaden its investor base and potentially lead to greater institutional interest.

The company's announcement comes as part of its broader strategy to leverage AI and data technologies across multiple industries. By uplisting to Nasdaq, GlobalTech aims to strengthen its position in the market and attract more attention from investors who may have previously overlooked OTC-listed companies. The successful completion of this reverse split and subsequent uplisting could mark a new chapter for the company, offering growth opportunities and increased access to capital markets.

For more information on GlobalTech's latest updates, visit their newsroom at https://nnw.fm/GLTK. To view the full press release, go to https://nnw.fm/9qOVQ.