Business
GlobalTech Corporation Closes Acquisition of Majority Stake of Moda in Pelle
GlobalTech Corporation Closes Acquisition of Majority Stake of Moda in Pelle.
About this update from Globaltech Corp
[{"type":"text","content":"\r\n\r\n \r\n \r\n GlobalTech Corporation Closes Acquisition of Majority Stake of Moda in Pelle\r\n \r\n \r\n\r\n\r\nGlobalTech Corporation Closes Acquisition of Majority Stake of Moda in Pelle\r\n\r\n\r\n\r\n\r\n\r\nRENO, Nev., Dec. 18, 2025 (GLOBE NEWSWIRE) -- GlobalTech Corporation (OTCID:GTLK)(“GTC” or “GlobalTech”), a U.S. based technology holding company focused on artificial intelligence (AI), big data, and emerging technologies, today announced the closing of the previously announced definitive purchase agreement to acquire a fifty one percent (51%) controlling interest in 123 Investments Limited d/b/a Moda in Pelle (“MIP”), a premium footwear brand established in 1975, with a strong presence in the UK market. The acquisition is intended to provide GlobalTech with an additional revenue stream and intended to significantly enhance its direct-to-consumer and e-commerce capabilities through the activation of its Thrivo AI platform within the MIP ecosystem, and to strengthen its operational footprint in the UK market. D. Boral Capital served as financial advisor to GlobalTech on the transaction. The Loev Law Firm, PC served as counsel to the Company in connection with the agreements with 123 Investments Limited. DETAILS OF THE TRANSACTION Under the terms of the transaction, GlobalTech acquired a fifty one percent (51%) controlling interest in MIP in consideration for shares of GlobalTech common stock and shares of Convertible Series A Preferred Stock. The Convertible Series A Preferred Stock, among other rights, is convertible into shares of GlobalTech common stock upon an uplisting of the Company’s common stock to the Nasdaq Capital Market (or similar National Stock Exchange), subject to the satisfaction of certain conditions, as well as upon the occurrence of other specified conversion events. The Convertible Series A Preferred Stock does not accrue dividends. More information regarding the transaction can be found in the Current Report on Form 8-K filed by GlobalTech with the Securities and Exchange Commission on December 2, 2025. This press release is for informational purposes only and does not constitute an offer or solicitation of securities. About Moda In Pelle 123 Investments d/b/a Moda in Pelle (MIP) is a British footwear brand established in 1975. MIP has a strong p...