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FAQ: GlobalTech's Acquisition of Controlling Stake in Moda In Pelle
TL;DR
GlobalTech gains a competitive edge by acquiring a controlling stake in Moda in Pelle, expanding its direct-to-consumer revenue streams and strengthening its UK operational footprint.
GlobalTech acquired 51% of Moda in Pelle through a stock transaction detailed in a Form 8-K, deploying its Thrivo AI platform to enhance e-commerce capabilities.
This acquisition helps GlobalTech empower companies through technology, potentially creating value in the digital economy and transforming industries for a better future.
GlobalTech, a US tech holding company, now controls a premium UK footwear brand founded in 1975, blending AI with fashion retail.
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GlobalTech Corporation (OTC: GLTK) has closed its acquisition of a 51% controlling interest in Moda in Pelle, a premium U.K. footwear brand, through the acquisition of 123 Investments Limited.
The acquisition is intended to add a new revenue stream, expand GlobalTech's direct-to-consumer and e-commerce capabilities, support the deployment of its Thrivo AI platform within Moda in Pelle's ecosystem, and strengthen its operational footprint in the U.K.
The acquisition closed on December 18, 2025, as announced in the press release.
The consideration consisted of shares of GlobalTech common stock and Convertible Series A Preferred Stock, as detailed in a Form 8-K filed on December 2, 2025.
Moda in Pelle is a premium U.K. footwear brand founded in 1975, doing business as 123 Investments Limited.
GlobalTech Corporation is a U.S.-based technology holding company that drives innovation across AI, big data, and frontier technologies through strategic partnerships, scalable platforms, and capital investments.
You can view the full press release at https://nnw.fm/ibuKc and find the latest news and updates relating to GLTK at https://ibn.fm/GLTK in the company's newsroom.
Certain statements in the article are forward-looking and involve risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied, with undue reliance not recommended for investment decisions.
Curated from NewMediaWire
