LOS ANGELES, CA - December 18, 2025 (NEWMEDIAWIRE) - GlobalTech (OTC: GLTK) announced the closing of its previously disclosed definitive agreement to acquire a 51% controlling interest in 123 Investments Limited, doing business as Moda in Pelle, a premium U.K. footwear brand founded in 1975, in a transaction intended to add a new revenue stream and expand the company’s direct-to-consumer and e-commerce capabilities. The U.S.-based technology holding company said the acquisition supports the planned deployment of its Thrivo AI platform within the Moda in Pelle ecosystem and strengthens its operational footprint in the U.K., with consideration consisting of shares of GlobalTech common stock and Convertible Series A Preferred Stock, as further detailed in a Form 8-K filed Dec. 2, 2025.

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About GlobalTech Corporation

GlobalTech Corporation is a U.S.-based technology holding company driving innovation across AI, big data, and frontier technologies. Through strategic partnerships, scalable platforms, and capital investments, GlobalTech seeks to empower companies and enterprises to transform industries and create value in the digital economy.

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Forward Looking Statements

Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law

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