GlobalTech Corporation (OTC: GLTK), a U.S.-based technology holding company, announced the closing of its acquisition of a 51% controlling interest in 123 Investments Limited, which operates as the premium U.K. footwear brand Moda in Pelle. The transaction, finalized on December 18, 2025, is structured to introduce a new revenue stream for GlobalTech while significantly expanding the company's direct-to-consumer and e-commerce operations. This strategic move underscores GlobalTech's intent to leverage its technological assets within the retail sector, specifically through the planned deployment of its Thrivo AI platform across the Moda in Pelle ecosystem.
The acquisition consideration consisted of shares of GlobalTech common stock and Convertible Series A Preferred Stock, with detailed terms previously disclosed in a Form 8-K filed with the Securities and Exchange Commission on December 2, 2025. This financial structure aligns with GlobalTech's approach to using equity-based transactions to fuel growth and integration efforts. The deal not only provides GlobalTech with a controlling stake in a established brand but also strengthens its operational footprint in the United Kingdom, offering a strategic entry point into the European retail market.
Moda in Pelle, founded in 1975, represents a long-standing presence in the premium footwear industry, known for its quality and design. By acquiring a majority interest, GlobalTech aims to infuse advanced technology into the brand's operations, potentially transforming its customer engagement, supply chain management, and online sales channels. The integration of the Thrivo AI platform is expected to enhance data analytics, personalize consumer experiences, and optimize inventory and logistics, thereby driving efficiency and growth in a competitive retail landscape.
This acquisition is important as it highlights the growing convergence of technology and traditional retail, where AI and big data are increasingly critical for competitive advantage. For readers, it signals a trend where technology firms are actively seeking to diversify into consumer-facing industries, which could lead to more personalized shopping experiences and innovative product offerings. The industry impact includes potential shifts in how retail brands leverage AI to streamline operations and engage customers, possibly setting a precedent for similar mergers and acquisitions. On a broader scale, this move reflects the digital transformation of the global economy, where companies like GlobalTech are expanding their influence beyond core tech sectors into established consumer markets.
Investors and stakeholders can access further details through the company's regulatory filings, such as the Form 8-K available via the SEC's database, and additional updates are often provided in the company's newsroom at https://ibn.fm/GLTK. It is important to note that forward-looking statements in such announcements involve risks and uncertainties, as outlined in GlobalTech's SEC filings, including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which discuss factors that could affect actual outcomes. For comprehensive terms and disclaimers related to financial communications, refer to http://IBN.fm/Disclaimer.
