# EDGAR Filing Document

**Accession Number:** 0001938338
**File Stem:** 0001477932-26-000683
**Filing Date:** 2026-2
**Character Count:** 54780
**Document Hash:** b030cfdae8c3a14b37e2348ba54c1567
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001477932-26-000683.hdr.sgml**: 20260206

**ACCESSION NUMBER**: 0001477932-26-000683

**CONFORMED SUBMISSION TYPE**: 8-K/A

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20251215

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260206

**DATE AS OF CHANGE**: 20260206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GlobalTech Corp
- **CENTRAL INDEX KEY:** 0001938338
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 823926338
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56482
- **FILM NUMBER:** 26607837

**BUSINESS ADDRESS:**
- **STREET 1:** 3550 BARRON WAY, SUITE 13A
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89511
- **BUSINESS PHONE:** 775-624-4817

**MAIL ADDRESS:**
- **STREET 1:** 3550 BARRON WAY, SUITE 13A
- **CITY:** RENO
- **STATE:** NV
- **ZIP:** 89511

?xml version='1.0' encoding='ASCII'? global_8ka.htm

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K/A**

**(Amendment No. 2)**

**CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF**

**THE SECURITIES EXCHANGE ACT OF 1934**

Date of Report (Date of earliest event reported): **<u>December 15, 2025</u>**

---

| |
|:---|
| **GlobalTech Corporation** |
| (Exact name of registrant as specified in its charter) |

---

---

| | | |
|:---|:---|:---|
| **Nevada** | **000-56482** | **82-3926338** |
| (State or other jurisdiction<br>of incorporation) | (Commission<br>File Number) | (I.R.S. Employer<br>Identification No.) |

---

---

| | |
|:---|:---|
| **3550 Barron Way Suite 13a, Reno, NV** | **89511** |
| (Address of principal executive offices) | (Zip Code) |

---

Registrant's telephone number, including area code:**<u>775-624-4817</u>**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**EXPLANATION NOTE**

GlobalTech Corporation (the "<u>Company</u>", "<u>we</u>" and "<u>us</u>") previously filed Current Reports on Form 8-K with the Securities and Exchange Commission on December 2, 2025 (the "<u>Initial Form 8-K</u>") and December 18, 2025 (the "<u>Closing Form 8-K</u>"), disclosing (a) the entry on November 25, 2025, into a Share Exchange Agreement (the "<u>Exchange Agreement</u>"), with 123 Investments Limited, a private company registered under the laws of England and Wales ("<u>123 Investments</u>"), and Stephen Buck and John Patrick Bywater, the shareholders of 123 Investments (the "<u>Shareholders</u>"), and (b) the closing of the transactions contemplated by the Exchange Agreement on December 15, 2025 (the "<u>Exchange</u>"), respectively.

At the time of the filing of the Closing Form 8-K, the Company stated that it intended to file the required financial statements and pro forma financial information associated with the Exchange within 71 days from the date that such Closing Form 8-K was required to be filed. By Amendment No. 1 to the Closing Form 8-K, which was filed with the Securities and Exchange Commission on January 12, 2026 ("<u>Amendment No. 1</u>"), the Company amended and restated <u>Item 9.01</u> thereof to include the required financial statements and pro forma financial information, which was filed as exhibits thereto and was incorporated therein by reference.

Subsequent to the filing of Amendment No. 1, the Company identified certain errors in (a) the pro forma financial information included as an exhibit to Amendment No. 1, namely that the condensed combined balance sheet included therein was mistakenly as of December 31, 2024, instead of September 30, 2025; and (b) the body of Amendment No. 1 which referred to the pro forma balance sheet being dated as of October 28, 2025, instead of September 30, 2025, the condensed combined statement of operations being for the year ended January 28, 2025 and the nine months ended October 28, 2025, instead of the year ended December 31, 2024 and nine months ended September 20, 2025, and the unaudited financial statements being for the nine months ended October 28, 2025 and January 28, 2025, instead of the nine months ended October 28, 2025 and 2024 (collectively, the "<u>Errors</u>").

This Amendment No. 2 to the Closing Form 8-K is being filed to correct the Errors. Except for this Explanatory Note; changes to clarify which exhibits to Amendment No. 1 are incorporated by reference herein, instead of filed herewith; updates to correct the Errors and related changes in connection therewith; and the filing of corrected pro forma financial information required by <u>Item 9.01</u>, there are no changes to the Closing Form 8-K, as amended by Amendment No. 1 thereto.

**Item 9.01. Financial Statements and Exhibits.**

(a) *Financial Statements of Business Acquired*.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 123 Investment's audited financial statements, comprising the consolidated balance sheets as of January 28, 2025 and 2024, and the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash flows for each of the years then ended, and the related notes to the financial statements, are incorporated by reference herein as <u>Exhibit 99.1</u> and are incorporated into this <u>Item 9.01</u> by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Also incorporated by reference herein, as <u>Exhibit 99.2</u>, and incorporated into this <u>Item 9.01</u> by reference, is the Management's Discussion and Analysis of Financial Condition and Results of Operations of 123 Investments for the nine months ended October 28, 2025 and October 28, 2024, and the years ended January 28, 2025 and 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) 123 Investments unaudited financial statements, comprising the consolidated balance sheets as of October 28, 2025 and January 28, 2025, and the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash flows for each of the three and nine months ended October 28, 2025 and 2024, and the related notes to the financial statements, are incorporated by reference herein as <u>Exhibit 99.3</u> to this Current Report on Form 8-K/A and are incorporated into this <u>Item 9.01</u> by reference.

(b) *Pro forma financial information*.

The unaudited pro forma financial information required by <u>Item 9.01</u>, as well as the accompanying notes thereto, are filed as <u>Exhibit 99.4</u> to this Current Report on Form 8-K/A and are incorporated herein by reference. The unaudited pro forma combined financial statements are based on the historical consolidated financial statements of the Company and adjusts such information to give effect of the Exchange Agreement.

The unaudited pro forma combined balance sheet data as of September 30, 2025, gives effect to the Exchange as if it had occurred on September 30, 2025. The unaudited pro forma condensed combined statement of operations for the twelve-month period ended December 31, 2024, gives pro forma effect to the Exchange as if it had occurred on January 1, 2024. The unaudited pro forma condensed combined statement of operations for the nine-month period ended September 30, 2025, gives pro forma effect to the Acquisition as if it had occurred on January 1, 2025.

The unaudited pro forma combined balance sheet and unaudited combined statements of operations are presented for informational purposes only and do not purport to be indicative of the combined financial condition that would have resulted if the Exchange had occurred on January 1, 2024, January 1, 2025 or September 30, 2025. Also, the unaudited pro forma combined financial information is not necessarily indicative of what the combined entity's results of operations would have been had the transactions been completed as of the date indicated.

(d) *Exhibits.*

---

| | |
|:---|:---|
| **Exhibit**<br>**Number** | **Description of Exhibit** |
| [99.1\*](http://www.sec.gov/Archives/edgar/data/1938338/000147793226000168/global_ex991.htm) | [Audited financial statements, comprising the consolidated balance sheets as of January 28, 2025 and 2024, and the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash flows for each of the years then ended, and the related notes to the financial statements, for 123 Investments Limited](http://www.sec.gov/Archives/edgar/data/1938338/000147793226000168/global_ex991.htm)  |
| [99.2\*](http://www.sec.gov/Archives/edgar/data/1938338/000147793226000168/global_ex992.htm) | [Management's Discussion and Analysis of Financial Condition and Results of Operations of the 123 Investments Limited for the nine months ended October 28, 2025 and 2024, and the years ended January 28, 2025 and 2024](http://www.sec.gov/Archives/edgar/data/1938338/000147793226000168/global_ex992.htm) |
| [99.3\*](http://www.sec.gov/Archives/edgar/data/1938338/000147793226000168/global_ex993.htm) | [Unaudited financial statements, comprising the consolidated balance sheets as of October 28, 2025 and January 28, 2025, and the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash flows for each of the three and nine months ended October 28, 2025 and 2024, and the related notes to the financial statements for 123 Investments Limited](http://www.sec.gov/Archives/edgar/data/1938338/000147793226000168/global_ex993.htm) |
| [99.4\*\*](global_ex994.htm) | [Unaudited Pro Forma Financial Information](global_ex994.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

\* Filed as exhibits to Amendment No. 1 to the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on January 12, 2026, and incorporated by reference herein.

\*\* Filed herewith

**CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS**

This Current Report on Form 8-K/A and <u>Exhibits 99.1</u>, <u>99.2</u>, <u>99.3</u> and <u>99.4</u> hereto contain forward-looking statements. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties, many of which are beyond our control, that may cause actual results or events to differ materially from those projected. These risks and uncertainties, many of which are beyond our control, include risks described in the section entitled "<u>Risk Factors</u>" and elsewhere in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and in our other filings with the SEC, including, without limitation, our reports on Form 8-Ks, all of which can be obtained on the SEC website at www.sec.gov. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management's current estimates, projections, expectations and beliefs. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| |
|:---|
| **GlobalTech Corporation** |
| */s/ Dana Green* |
| Dana Green<br>Chief Executive Officer |
| Date: February 6, 2026 |

---

## Exhibit 99.4

**EXHIBIT 99.4**

**GLOBALTECH CORPORATION**

**UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL STATEMENTS**

**Introduction**

On December 15, 2025 (the "Closing Date"), GlobalTech Corporation ("GlobalTech" or the "Company") completed its previously announced acquisition (the "Exchange") of 51% of 123 Investments Limited ("123 Investments Limited") pursuant to the terms of a November 25, 2025, Share Exchange Agreement (the "Exchange Agreement"), from the shareholders of 123 Investments Limited (the "Shareholders").

Pursuant to the Exchange Agreement, GlobalTech Corporation acquired 51% of 123 Investments Limited (the "Exchange"), in consideration for up to $11.7 million, consisting of the following:

1) 82,800 shares of newly designated shares of Series A Convertible Preferred Stock of the Company (the "Series A Preferred Stock") each having a deemed value of $100 (the "Agreed Value"), or $8,280,000 in aggregate;

2) 750,000 shares of the Company's common stock at an agreed value of $2 each, or $1,500,000 in aggregate;

3) up to an additional 9,200 shares of Series A Preferred Stock, issuable by the Company within seven days after the one-year anniversary of the Exchange if, and only if, the Shareholders have not defaulted in, or breached, any of their obligations, covenants or representations under the Exchange Agreement or a separate Shareholders Agreement, having an agreed value of $920,000 in aggregate; and

4) the right to earn additional consideration of up to $1,000,000 (the "Earnout Consideration") in the event that both (a) the total EBITDA of 123 Investments Limited in the fiscal year ended December 31, 2026 is equal to or greater than 2.5 million GBP; and (b) the total net profit of 123 Investments Limited in the fiscal year ended December 31, 2026 is equal to or greater than 1.0 million GBP, based on the financial statements of 123 Investments Limited provided to the Company by February 28, 2027. The Earnout Consideration may be paid, at the Company's option, in cash or shares of Company common stock, with the total number of shares of Company common stock issuable to the Shareholders equal to the total amount of Earnout Consideration divided by the average closing price of the Company's common stock on the last five trading days of calendar 2026, rounded up to the nearest whole share (the "Earnout Shares").

In addition to the above, the Company has also agreed to make available to 123 Investments Limited a three-year revolving credit facility of US$3,000,000, the terms of which will be purely commercial terms arrived at on an arm's length basis (the "Credit Facility"). The Credit Facility must be made available as soon as practically possible (upon uplisting of the Company's common stock to Nasdaq or the NYSE). If the Credit Facility is not provided within fourteen days after the Company's common stock is listed on the Nasdaq Capital Market; Nasdaq Global Market, or NYSE American (an "Uplisting"), then 123 Investments Limited may obtain a similar credit facility and the Company will be obligated to make available sufficient collateral or security required to raise US$3,000,000. In addition, if the Uplisting is delayed then the target achievement, as per the business plan of 123 Investments Limited, will be reduced accordingly.

The following unaudited pro forma condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X and has been prepared using the acquisition method of accounting in accordance with Accounting Standards Codification ("ASC") Topic 805, Business Combinations ("ASC 805"). Under this method of accounting, the aggregate purchase consideration will be allocated to 123 Investments Limited assets acquired and liabilities assumed based upon their estimated fair values at the date of completion of the Exchange. The process of valuing the net assets of 123 Investments Limited immediately prior to the Exchange, as well as evaluating accounting policies for conformity, is preliminary. Any differences between the estimated fair value of the consideration transferred and the estimated fair value of the assets acquired and liabilities assumed will be recorded as goodwill. Accordingly, the aggregate purchase consideration allocation and related adjustments reflected in this unaudited pro forma condensed combined financial information are preliminary and subject to revision based on a final determination of fair value. All pro forma adjustments included herein represent **Transaction Accounting Adjustments**, as defined in Rule 11-02(a)(6)(i), that are **directly attributable to the acquisition**, **factually supportable**, and **expected to have a continuing impact** on the combined company.

No **Autonomous Entity Adjustments** or **Management's Adjustments** (as defined in Rule 11-02(a)(6)(ii) and (iii), respectively) have been included in the accompanying unaudited pro forma condensed combined financial information.

Refer to Note 1 - Basis of Presentation for more information.

GlobalTech and 123 Investments Limited have different fiscal years. GlobalTech's fiscal year ends on December 31, whereas 123 Investments Limited's fiscal year has historically ended on January 28. The unaudited pro forma condensed combined balance sheets and pro forma condensed combined statements of income have been prepared utilizing period ends that differ by less than 93 days, as permitted by Rule 11-02 of Regulation S-X of the Exchange Act. Management believes the periods combined are not materially seasonal and that no significant intervening events occurred during the period between the respective balance sheet dates.

The unaudited pro forma condensed combined financial information is presented to illustrate the estimated effects of the Exchange based on the historical financial position and results of operations of GlobalTech and 123 Investments Limited. It is presented as follows:

· The unaudited pro forma condensed combined balance sheet as of September 30, 2025 was prepared based on (i) the historical audited consolidated balance sheet of GlobalTech as of September 30, 2025 and (ii) the historical audited consolidated balance sheet of 123 Investments Limited as of October 29, 2025, giving effect to the Exchange.

· The unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024 was prepared based on (i) the historical audited statement of operations of GlobalTech for the year ended December 31, 2024 and (ii) the historical audited statement of operations of 123 Investments Limited for the year ended January 28, 2025, giving effect to the Exchange.

· The unaudited pro forma condensed combined statement of operations for the nine months ended September 30, 2025 was prepared based on (i) the historical unaudited statement of operations of GlobalTech for the nine months ended September 30, 2025 and (ii) the historical unaudited statement of earnings of 123 Investments Limited for the nine months ended October 29, 2025, giving effect to the Exchange.

The unaudited pro forma condensed combined balance sheet as of September 30, 2025, combines the historical consolidated balance sheet of GlobalTech Corporation as of September 30, 2025, and the historical consolidated balance sheet of 123 Investments Limited as of October 28, 2025, on a pro forma basis, as if the Exchange and related transactions had been consummated on September 30, 2025.

The unaudited pro forma condensed combined statements of operations for the nine months ended September 30, 2025, combine the historical results of operations of GlobalTech Corporation and 123 Investments Limited for the respective periods on a pro forma basis, as if the Exchange and related transactions had been consummated on January 1, 2024, the beginning of the earliest period presented.

The historical financial statements of GlobalTech and 123 Investments Limited have been adjusted in the accompanying unaudited pro forma condensed combined financial information to give effect to pro forma events that are transaction accounting adjustments which are necessary to account for the Exchange in accordance with U.S. GAAP. The unaudited pro forma adjustments are based upon available information and certain assumptions that management believes are reasonable.

The unaudited pro forma condensed combined financial information should be read in conjunction with the historical financial statements of GlobalTech included in its Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Assumptions underlying the pro forma adjustments are described in the accompanying notes, which should be read in conjunction with the unaudited pro forma condensed combined financial information.

The unaudited pro forma condensed combined financial information presented is for informational purposes only and is not necessarily indicative of the financial position or results of operations that would have been realized if the Exchange had been completed on the dates set forth above, nor is it indicative of the future results or financial position of the combined company.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **GLOBALTECH CORPORATION** | **GLOBALTECH CORPORATION** | **GLOBALTECH CORPORATION** | **GLOBALTECH CORPORATION** | **GLOBALTECH CORPORATION** |
| **UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET** | **UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET** | **UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET** | **UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET** | **UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET** |
| **AS OF SEPTEMBER 30, 2025** | **AS OF SEPTEMBER 30, 2025** | **AS OF SEPTEMBER 30, 2025** | **AS OF SEPTEMBER 30, 2025** | **AS OF SEPTEMBER 30, 2025** |
|  | **Historical** | **Historical** | | |
|  | **GlobalTech** <br> **Corporation** | **123** <br> **Investments Ltd** |<br>**Pro Forma** <br> **Adjustments** |<br>**Pro Forma** <br> **Combined** |
| &nbsp;&nbsp;&nbsp;&nbsp; ASSETS |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Current assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents | $1069413 | $216861 | $- | $1286274 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Restricted cash | 2761779 |  |  | 2761779 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accounts receivable – net | 4118724 | 6971237 |  | 11089961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short term investments | 980509 |  |  | 980509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Prepayments | 25656 | 1454262 |  | 1479918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Stores and spares | 836199 | 4318865 |  | 5155064 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loans and advances | 4953363 |  |  | 4953363 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other receivables | 1431479 |  |  | 1431479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current assets | 16177122 | 12961225 |  | 29138347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Property, plant and equipment | 15887678 | 421191 |  | 16308869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating lease right-of-use assets | 417688 |  |  | 417688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Intangible assets – net | 9607796 | 436228 |  | 10044024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advances for Intangible assets | 12463922 |  |  | 12463922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advance to a related party |  | 3156556 |  | 3156556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due from a related party |  | 102086 |  | 102086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long term loans and other assets | 1603884 |  |  | 1603884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deferred tax asset | 8381217 | (11403) |  | 8369814 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goodwill |  |  | 22504452 (a) | 22504452 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL ASSETS | $64539307 | $17065883 | $22504452 | $104109642 |
| &nbsp;&nbsp;&nbsp;&nbsp; LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Current liabilities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade and other payables | $27473942 | $11895134 | $125000 (e) | $39494076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contingent liability |  |  | $1920000 (b) | $1920000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Current portion of non-current liabilities | 8359088 |  |  | 8359088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due to a related party |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued interest | 3873503 |  |  | 3873503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short term borrowings  | 888081 |  |  | 888081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unclaimed dividend |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Provision for taxation - net | 1246050 | 946121 | - | 2192171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total current liabilities | 41840664 | 12841255 | 2045000 | 56726919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Term finance certificates  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long term financing - secured | 1027500 | 2014334 |  | 3041834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Convertible loan | 1400000 |  |  | 1400000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long term deposits and payable | 1760819 |  |  | 1760819 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Related parties loan |  | 1773570 |  | 1773570 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; License fee payable | 161537 |  |  | 161537 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Operating lease liability | 535400 |  |  | 535400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Post employment benefits | 683272 |  |  | 683272 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other payables | 341888 | - | - | 341888 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL LIABILITIES | $47751080 | $16629159 | $2045000 | $66425239 |
| &nbsp;&nbsp;&nbsp;&nbsp; CONTINGENCIES AND COMMITMENTS  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; SHARE CAPITAL AND RESERVES |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; SHAREHOLDERS' EQUITY: |  |  |  |  |
| Common stock, $0.0001 par value - 500,000,000 shares authorized and 150,683,391 issued and outstanding at September 30, 2025  | 14993 | 585 | (510) (c) | 15068 |
| &nbsp;&nbsp;&nbsp;&nbsp; Preferred stock |  |  | 8280000 (d) | 8280000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Additional paid in capital | 9999000 |  | 1499925 (c) | 11498925 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accumulated other comprehensive (loss) income | (1503766) | 162335 | (162335) (c) | (1503766) |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interest | 48023356 |  | 11241176 (c) | 59264532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Accumulated deficit | (39745356) | 273804 | (398804) (c) | (39870356) |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SHAREHOLDERS' EQUITY | 16788227 | 436724 | 20459453 | 37684403 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $64539307 | $17065883 | 22504453 | $104109642 |

---

**GLOBALTECH CORPORATION**

**UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS**

**FOR THE YEAR ENDED DECEMBER 31, 2024**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **GlobalTech** <br> **Corporation** | **123** <br> **Investments Ltd** | **Pro Forma** <br> **Adjustments** | **Pro Forma** <br> **Combined** |
| NET REVENUE | $18255248 | 36833004 | $- | $55088252 |
| &nbsp;&nbsp;&nbsp;&nbsp; Direct operating costs | (16800147) | (17308330) |  | (34108477) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other operating costs | (2505673) | (16936843) | (125000) (e) | (19567516) |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization | (2804936) | (314369) |  | (3119305) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other expenses | (201841) | (494572) | - | (696413) |
| OPERATING LOSS | (4057349) | $1778889 | (125000) | (2403460) |
| OTHER: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other income - net | 3656070 | 100420 |  | $3756490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance cost  | (2365281) | (1134909) | - | (3500190) |
| &nbsp;&nbsp;&nbsp;&nbsp; LOSS BEFORE TAXATION | (2766560) | 744400 | (125000) | (2147160) |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxation | (179732) | (434255) | - | (613988) |
| &nbsp;&nbsp;&nbsp;&nbsp; NET LOSS | $(2946293) | $310145 | $(125000) | $(2761148) |
| &nbsp;&nbsp;&nbsp;&nbsp; NET LOSS ATTRIBUTABLE TO: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common shareholders of GlobalTech Corporation - (a) | (1626354) | 158174 | (125000) | (1593180) |
| Non - controlling interest (NCI) | (1319939) | 151971 | - | (1167968) |
|  | (2946293) | 310145 | (125000) | (2761148) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net loss per common share: basic | (0.012) |  | (f) | (0.020) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net loss per common share: diluted |  |  | (f) | (0.020) |

---

**GLOBALTECH CORPORATION**

**UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS**

**FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025**

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **GlobalTech** <br> **Corporation** | **123** <br> **Investments Ltd** | **Pro Forma** <br> **Adjustments** | **Pro Forma** <br> **Combined** |
| NET REVENUE  | $15510338 | $24643648 | $- | $40153986 |
| &nbsp;&nbsp;&nbsp;&nbsp; Direct operating costs | (13859483) | (14301504) |  | (28160987) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other operating costs | (2108064) | (10465570) | - (g) | (12573634) |
| &nbsp;&nbsp;&nbsp;&nbsp; Depreciation and amortization  | (1499207) | (471854) |  | (1971061) |
| &nbsp;&nbsp;&nbsp;&nbsp; Other expenses | $(290928) |  | - | (290928) |
| &nbsp;&nbsp;&nbsp;&nbsp; OPERATING LOSS | (2247344) | (595280) | - | (2842624) |
| OTHER: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other income - net | 589997 | 13555 |  | 603552 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance cost | (1105755) | (966812) | - | (2072567) |
| &nbsp;&nbsp;&nbsp;&nbsp; LOSS BEFORE TAXATION | (2763102) | (1548537) |  | (4311639) |
| &nbsp;&nbsp;&nbsp;&nbsp; Taxation | (196858) | - | - | (196858) |
| NET LOSS | (2959960) | (1548537) | - | (4508497) |
| &nbsp;&nbsp;&nbsp;&nbsp; NET LOSS ATTRIBUTABLE TO: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Common shareholders of GlobalTech Corporation | (1634490) | (789754) |  | (2424244) |
| &nbsp;&nbsp;&nbsp;&nbsp; Non-controlling interest (NCI) | (1325470 | (758783) |  | (2084253) |
|  | (2959960) | (1548537) | - | (4508497) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net loss per common share: basic | $(0.020) |  | (f) | $(0.031) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net loss per common share: diluted |  |  | (f) | $(0.031) |

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**NOTES TO THE UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION**

**Note 1 B- Basis of Presentation**

The unaudited pro forma condensed combined financial information has been prepared by GlobalTech Corporation in connection with GlobalTech's acquisition of a 51% interest in 123 Investments Limited, which entity focuses on premium footwear brands, delivering high quality, design-led products through multi-channel retail, e-commerce and strategic third party partnership, and is based on the historical consolidated financial statements of GlobalTech and the historical consolidated financial statements of 123 Investments Limited. GlobalTech and 123 Investments Limited historical financial statements were prepared in accordance with U.S. GAAP. There were no material transactions and balances between GlobalTech and 123 Investments Limited for any periods presented.

The accompanying unaudited pro forma condensed combined financial information and related notes were prepared using the acquisition method of accounting in accordance with ASC 805, Business Combinations, with GlobalTech considered the accounting acquirer of 123 Investments Limited. ASC 805 requires, among other things, that the assets acquired and liabilities assumed in a business combination be recognized at their fair values as of the acquisition date. For purposes of the unaudited pro forma condensed combined balance sheet, the purchase price consideration has been allocated to the assets acquired and liabilities assumed of 123 Investments Limited based upon management's preliminary estimate.

The excess of the purchase price consideration over the fair value of assets acquired and liabilities assumed is allocated to goodwill. Accordingly, the purchase price allocation and related adjustments reflected in the unaudited pro forma condensed combined financial information are preliminary and subject to adjustment based on a final determination of fair value. The purchase price consideration as well as the estimated fair values of the assets and liabilities will be updated and finalized as soon as practicable, but no later than one year from the closing of the acquisition. The final determination of fair values of assets acquired and liabilities assumed relating to the Exchange could differ materially from the preliminary allocation of aggregate purchase consideration.

The unaudited pro forma condensed combined financial information does not reflect any anticipated synergies or dis-synergies, operating efficiencies or cost savings that may result from the Exchange and any integration costs that may be incurred. The pro forma adjustments are based upon available information and certain assumptions that we believe are reasonable. The unaudited pro forma condensed combined financial information is provided for informational purposes only and does not purport to represent or be indicative of the consolidated results of operations or financial condition of GlobalTech had the 123 Investments Limited Exchange been completed as of the dates presented and should not be construed as representative of the future consolidated results of operations or financial condition of the combined entity.

**Note – 2 Significant Accounting Policies**

**2.1 Non-Controlling Interest** 

Non-controlling interests arising from the acquisition of subsidiaries are measured at fair value at the acquisition date. The fair value of the non-controlling interest was determined based on the discounted cash flow (DCF), consistent with those used to determine the consideration transferred.

Subsequent to acquisition, non-controlling interests are attributed to their share of profit or loss and other comprehensive income.

**Note 3 – Transaction Adjustments to the Unaudited Pro Forma Condensed Combined Balance Sheets and statement of operations.**

**3.1** (a) Represents the adjustment to recognize the estimated goodwill expected to arise from the acquisition of 123 Investments Limited.

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| | |
|:---|:---|
| **(i)** | **Preliminary Purchase Price Allocation and Goodwill** |
|  | The acquisition of 123 Investments Limited has been accounted for using the acquisition method of accounting in accordance with ASC 805. The preliminary purchase consideration consists of: |

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| | |
|:---|:---|
| ·  | Issuance of 750,000 shares of GlobalTech common stock valued at $2.00 per share |
| ·  | Issuance of Series A Convertible Preferred Stock with an aggregate stated value of $8.28 million |
| ·  | Contingent issuance of up to 9,200 shares of Series A Convertible Preferred Stock with a stated value of $0.92 million |
| ·  | Contingent consideration in the form of an earn-out arrangement with a maximum payout of $1.0 million |
| The preliminary purchase price allocation is based on management's estimates of fair value and is subject to change as additional information becomes available. The excess of the consideration transferred and the fair value of the non-controlling interest over the estimated fair value of identifiable net assets acquired has been recorded as goodwill.<br>The Company elected to measure the non-controlling interest at fair value, consistent with the full-goodwill method under ASC 805. | The preliminary purchase price allocation is based on management's estimates of fair value and is subject to change as additional information becomes available. The excess of the consideration transferred and the fair value of the non-controlling interest over the estimated fair value of identifiable net assets acquired has been recorded as goodwill.<br>The Company elected to measure the non-controlling interest at fair value, consistent with the full-goodwill method under ASC 805. |

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| | |
|:---|:---|
| **(ii)** | **Common Stock Issuance** |
|  | Represents the issuance of 750,000 shares of GlobalTech Corporation's common stock at $2.00 per share as partial consideration for the acquisition. The par value of $0.0001 per share has been allocated to common stock, with the remainder recorded to additional paid-in capital. |
| **(iii)**  | **Series A Convertible Preferred Stock** |
|  | Represents the issuance of Series A Convertible Preferred Stock with an aggregate stated value of $9.2 million as partial consideration for the acquisition. The Series A Preferred Stock has been classified within permanent equity based on its terms, including the absence of mandatory redemption features. |
| **(iv)**  | **The goodwill is calculated as follows:** |

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| | |
|:---|:---|
|  | **USD** |
| Consideration of acquirer (51%) | 11700000 |
| Fair value of NCI (49%) | 11241176 |
| **Total implied equity value** | **22941176** |
| **Fair value of identified net assets** |  |
| Property, plant and equipment | 421191 |
| Advance to a related party | 3156556 |
| Due from a related party | 102086 |
| Intangibles | 436228 |
| Current assets | 12961225 |
| **Total assets** | 17077286 |
| **Fair value of liabilities** |  |
| Current liabilities | 12841255 |
| Long term liabilities | 3799307 |
| **Total liabilities** | 16640562 |
| **Fair value of identifiable net assets acquired** | 436724 |
| **Goodwill** | 22504452 |

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(b) Represents the contingent liability related to the following items:

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| | |
|:---|:---|
| i) | Up to 9,200 shares of Series A Preferred Stock having a face value of $100 each, are issuable by the Company within seven days after the one-year anniversary of the Exchange if, and only if, the Shareholders have not defaulted in, or breached, any of their obligations, covenants or representations under the Exchange Agreement or the Shareholders Agreement dated November 24, 2025, entered into between GlobalTech Corporation, the stockholders of 123 Investments Limited and 123 Investments Limited (the "Shareholders Agreement"). This contingent consideration of $920,000 has been recorded as a liability. |
| ii) | The right to earn additional consideration of up to $1,000,000 (the "Earnout Consideration") in the event that both (a) the total EBITDA of 123 Investments Limited in the fiscal year ended December 31, 2026 is equal to or greater than 2.5 million GBP; and (b) the total net profit of 123 Investments Limited in the fiscal year ended December 31, 2026 is equal to or greater than 1.0 million GBP, based on the financial statements of 123 Investments Limited provided to the Company by February 28, 2027. The Earnout Consideration may be paid, at the Company's option, in cash or shares of Company common stock, with the total number of shares of Company common stock issuable to the Shareholders equal to the total amount of Earnout Consideration divided by the average closing price of the Company's common stock on the last five trading days of calendar 2026, rounded up to the nearest whole share. |
|  | The contingent consideration liability recorded in the unaudited pro forma condensed combined balance sheet consists of (i) the fair value of up to 9,200 shares of Series A Preferred Stock issuable subject to post-closing compliance conditions, of $920,000 and (ii) the fair value of the performance-based earn-out consideration of up to $1.0 million. Both components were measured at fair value as of the acquisition date in accordance with ASC 805.<br>These arrangements represent contingent consideration within the scope of ASC 805-30. Although both forms of contingent consideration are expected to be settled in equity instruments of the Company, each arrangement results in an obligation to deliver equity instruments with a fixed or determinable monetary value, either through the issuance of a fixed number of preferred shares with a stated value equal to the amount due or a variable number of common shares with a fixed monetary value based on future market prices. Accordingly, the contingent consideration arrangements do not qualify for equity classification under ASC 480 and ASC 815-40.<br>For purposes of the unaudited pro forma condensed combined balance sheet, management has recorded an estimated contingent consideration liability of $1.92 million, with a corresponding increase to goodwill. The fair value of the contingent consideration was estimated using a probability-weighted income approach incorporating Level 3 inputs, including projected financial performance of the acquired business and discount rates.<br>Because the contingent consideration is classified as a liability, subsequent changes in its fair value will be recognized in earnings in the periods in which such changes occur. The unaudited pro forma condensed combined statements of operations do not reflect any subsequent remeasurement adjustments of the contingent consideration liability.<br>These transaction costs are **non-recurring in nature** and are not expected to have a continuing impact on the combined company's results of operations. |

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(c) Represents the following breakup:

i) Proforma adjustment represents the elimination of the historical issued share capital of 123 Investments Limited of $585 in connection with the application of acquisition accounting. Upon consolidation, the historical equity balances of 123 Investments Limited are eliminated against the purchase consideration and the Company's investment in the acquiree, consistent with the acquisition method of accounting under ASC 805.

ii) Proforma adjustment represents the assumed issuance of 750,000 shares of GlobalTech Corporation's common stock at an agreed value of $2.00 per share as partial consideration for the acquisition. The issuance has been recorded in the unaudited pro forma condensed combined balance sheet as an increase to common stock of $75, representing par value, with the excess of $1,499,925 recorded to additional paid-in capital.

iii) Proforma adjustment represents the elimination of pre-acquisition retained earnings of 123 Investments Limited totalling $1,555,843, which are not carried forward in the combined financial statements of GlobalTech Corporation following the acquisition and are eliminated against the Company's investment in the acquiree in accordance with ASC 805.

iv) Proforma adjustment represents the elimination of accumulated other comprehensive income of 123 Investments Limited of $112,248, as such amounts relate to periods prior to the acquisition date and are not included in the combined accumulated other comprehensive income of GlobalTech Corporation under the acquisition method of accounting.

(d) Represents the preferred stock issued as consideration:

■ 82,800 shares of newly designated shares of Series A Convertible Preferred Stock of the Company each having a face value of $100, which is recorded as preferred stock in the proforma combined balance sheet.

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| | |
|:---|:---|
| The Series A Designation provides for the Series A Preferred Stock to have the following terms: | The Series A Designation provides for the Series A Preferred Stock to have the following terms: |
| i)  | **Dividend Rights.** The Series A Preferred Stock will not accrue any dividends or participate in any dividends. |
| ii)  | **Liquidation Preference.** Upon any liquidation, dissolution or winding-up of the Company, whether voluntary or involuntary (a "Liquidation"), the holders of the Series A Preferred Stock are entitled to receive out of the assets, whether capital or surplus, of the Company an amount equal to the greater of (a) the Stated Value (the "Liquidation Preference"); and (b) the total amount of consideration which would have been payable upon such Liquidation if the Series A Preferred Stock was converted into common stock in full immediately prior to such Liquidation, for each share of Series A Preferred Stock, before any distribution or payment is made to the holders of any junior securities, but after the payment of any liquidation preference of any holder of senior securities, and if the assets of the Company are insufficient to pay in full such amounts, then the entire assets to be distributed to the holders of the Series A Preferred Stock are to be ratably distributed among the holders of the Series A Preferred Stock in accordance with the respective amounts that would be payable on such shares if all amounts payable thereon were paid in full. |
| iii)  | **Conversion Rights**. |

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**1)** **Optional Conversion:** During a 60-day period (the "Optional Conversion Period") beginning on March 31, 2026, or June 1, 2026 if an application for Uplisting is pending as of March 31, 2026 (the "Optional Conversion Date"), each holder of Series A Preferred Stock may, at its option, convert its shares of Series A Preferred Stock into that number of shares of common stock equal to $100 (the "Stated Value"), divided by the greater of (i) $2.00 or (ii) the initial sales price of the Company's common stock on the Nasdaq Capital Market, Nasdaq Global Market, or NYSE American, multiplied by 0.80 (the "Conversion Price"), subject to adjustment for stock splits and stock dividends, with any fractional shares rounded up to the nearest whole share.

**2)** **Automatic Conversion:** Each share of Series A Preferred Stock will automatically convert to Company common stock (the "Automatic Conversion") on the earlier of (i) the date that the Uplisting is approved and (ii) the last day of the Optional Conversion Period, into that number of shares of common stock equal to the Stated Value of such share of Series A Preferred Stock, divided by (1) for an Automatic Conversion occurring on the date that the Uplisting is approved, (a) the initial sales price of the Company's common stock on the Nasdaq Capital Market, Nasdaq Global Market, or NYSE American, multiplied by (b) 0.80; and (2) for an Automatic Conversion occurring on the last day of the Optional Conversion Period, the greater of (x)(a) the initial sales price of the Company's common stock on the Nasdaq Capital Market, Nasdaq Global Market, or NYSE American on the date that the Uplisting is approved, multiplied by (b) 0.80; and (y) $2.50, subject in each case to adjustment for stock splits and stock dividends, with any fractional shares rounded up to the nearest whole share.

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| | |
|:---|:---|
| **3)**  | **Voting Rights.** The shares of Series A Preferred Stock have no voting rights, except in connection with the protective provisions discussed below. |
|  | **Protective Provisions.** So long as any shares of Series A Preferred Stock are outstanding, the Company cannot without first obtaining the approval of the holders of a majority of the then outstanding shares of Series A Preferred Stock, voting together as a class: |
| (a) | Amend any provision of the designation setting forth the rights of the Series A Preferred Stock; |
| (b) | Increase or decrease (other than by redemption or conversion) the total number of authorized shares of Series A Convertible Preferred Stock; |
| (c) | Adopt or authorize any new designation of any preferred stock or capital stock or amend the Articles of Incorporation of the Company in a manner which (i) provides any holder of common stock or preferred stock any rights upon a liquidation of the Company which are prior and superior to those of the holders of the Series A Preferred Stock; or (ii) adversely affects the rights, preferences and privileges of the Series A Preferred Stock (provided that no (1) increase in the number of authorized shares of common stock or preferred stock of the Company; or (2) designation of a new series of preferred stock of the Company which has rights junior or pari passu (except in the event of a liquidation event, in which case the rights of the Series A Preferred Stock shall be senior) to the Series A Preferred Stock shall be deemed to adversely affect the rights, preferences and privileges of the Series A Preferred Stock); |
| (d) | Effect an exchange, or create a right of exchange, cancel, or create a right to cancel, of all or any part of the shares of another class of shares into shares of Series A Preferred Stock; |
| (e) | Alter or change the rights, preferences or privileges of the shares of Series A Preferred Stock so as to affect adversely the shares of such series; or |
| (f) | Issue any shares of Series A Preferred Stock, except pursuant to the terms of the Exchange Agreement. |
| **4)**  | **Redemption Rights**. The shares of Series A Preferred Stock have no redemption rights, except in connection with the protective provisions discussed above. |

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| | |
|:---|:---|
| **e)** | **Transaction Costs** |
|  | Represents approximately $125,000 of acquisition-related transaction costs, primarily consisting of legal and professional fees incurred by GlobalTech Corporation in connection with the Exchange. Although these costs were incurred during the nine months ended September 30, 2025, they have been reflected as a pro forma adjustment in the unaudited pro forma condensed combined statement of operations for the year ended December 31, 2024, in order to present the results of operations as if the Exchange had occurred at the beginning of the earliest period presented. In accordance with ASC 805, these costs have been expensed and are reflected in other operating expenses. These transaction costs are non-recurring in nature and are not expected to have a continuing impact on the combined company's results of operations.<br>These transaction costs are **non-recurring in nature** and are not expected to have a continuing impact on the combined company's results of operations.<br>No tax effects have been reflected for the pro forma adjustments as the Company has concluded that such effects are not material or are offset by existing net operating loss carryforwards. |

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**f)** **Net loss per common share: Basic and diluted** 

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| | | |
|:---|:---|:---|
|  | **September 30,** <br> **2025** | **December 31,** <br> **2024**  |
| **Basic loss per share:** |  |  |
| Loss after taxation | (4508497) | (2761148) |
| Weighted average number of common shares | 146996907 | 140513391 |
| Basic loss per common share | **(0.031)** | **(0.020)** |
| **Diluted loss per share:** |  |  |
| Loss after taxation | (4508497) | (2761148) |
| Weighted average number of common shares | 146996907 | 140513391 |
| Weighted average number of common shares for diluted loss per share | 146996907 | 140513391 |
| Diluted loss per common share | **(0.031)** | **(0.020)** |

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| | | |
|:---|:---|:---|
|  | i) | Because the Company incurred a net loss for the periods presented, the assumed conversion of Series A Convertible Preferred Stock is anti-dilutive. Accordingly, diluted net loss per share is equal to basic net loss per share, and the weighted-average shares used for diluted net loss per share are the same as those used for basic net loss per share. |
|  | ii) | The shares issuable upon settlement of the contingent consideration arrangements have been excluded from the computation of basic and diluted net loss per share. The contingent issuance of Series A Convertible Preferred Stock is subject to post-closing conditions and, accordingly, the related shares are not considered outstanding for basic net loss per share. In addition, because the Company incurred a net loss for the periods presented, the assumed conversion of Series A Convertible Preferred Stock is anti-dilutive and has therefore been excluded from diluted net loss per share. Shares potentially issuable under the performance-based earn-out arrangement have also been excluded from basic and diluted net loss per share because the arrangement is classified as a liability. |
| g)  | **Transaction cost** – Acquisition-related transaction costs of approximately $125,000 were incurred by GlobalTech Corporation during the nine months ended September 30, 2025, and are included in GlobalTech Corporation's historical results of operations for that period. Accordingly, no pro forma adjustment has been recorded for the interim unaudited pro forma condensed combined statement of operations. | **Transaction cost** – Acquisition-related transaction costs of approximately $125,000 were incurred by GlobalTech Corporation during the nine months ended September 30, 2025, and are included in GlobalTech Corporation's historical results of operations for that period. Accordingly, no pro forma adjustment has been recorded for the interim unaudited pro forma condensed combined statement of operations. |

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**3.2 Contingencies and commitment**

The Company has provided a commitment to make available to 123 Investments Limited a three-year revolving credit facility of US$3,000,000, the terms of which will be purely commercial terms arrived at on an arm's length basis, to 123 Investments Limited (the "Credit Facility"). The Credit Facility must be made available upon uplisting of the Company on Nasdaq. If the uplisting of the Company is delayed, then the target achievement of 123 Investments Limited will be reduced accordingly. Since it is only the commitment for arrangement of a credit facility, therefore the liability has not been recorded.