GlobalTech Corporation (OTC: GLTK) has completed its acquisition of a 51% controlling interest in 123 Investments Limited, operating as Moda in Pelle, a premium U.K. footwear brand established in 1975. This transaction is designed to introduce a new revenue stream and enhance the company's direct-to-consumer and e-commerce capabilities. The U.S.-based technology holding company indicated that the acquisition facilitates the planned implementation of its Thrivo AI platform within the Moda in Pelle ecosystem and bolsters its operational footprint in the United Kingdom. The consideration for the acquisition comprised shares of GlobalTech common stock and Convertible Series A Preferred Stock, with further details available in a Form 8-K filed on December 2, 2025. Additional information can be found in the full press release at https://nnw.fm/ibuKc.
The strategic move aligns with GlobalTech's focus on leveraging artificial intelligence and big data to transform industries. By integrating the Thrivo AI platform into Moda in Pelle's operations, the company aims to optimize customer engagement, streamline supply chain management, and personalize the shopping experience. This acquisition represents a significant step in GlobalTech's expansion into the retail sector, particularly in the premium footwear market, where direct-to-consumer models are increasingly vital. The transaction underscores the company's commitment to deploying scalable technologies that drive value in the digital economy, as highlighted in its corporate disclosures.
Investors and stakeholders can access ongoing updates and news related to GlobalTech through the company's newsroom at https://ibn.fm/GLTK. It is important to note that certain statements in the announcement are forward-looking and subject to risks and uncertainties, as defined under the Private Securities Litigation Reform Act of 1995. These factors may cause actual results to differ materially from expectations, and undue reliance should not be placed on such statements. Detailed risk factors are discussed in the company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Full terms of use and disclaimers applicable to all content are available at http://IBN.fm/Disclaimer.
