Globaltech Seeks Nasdaq Listing Despite Pending Review
News related to:Globaltech Corporation · 2 min read
RENO, Nev., Sept. 17, 2026 /CourierPR/ -- Globaltech Corporation, a technology platform company, has provided an update on its ongoing efforts to list its common stock on the Nasdaq Capital Market. The company's application for uplisting remains under review by Nasdaq, and it has not yet received approval. Management believes that a Nasdaq listing could broaden the company's shareholder base, increase visibility among institutional and retail investors, and improve trading liquidity over time.
According to Dan Green, the Chief Executive Officer of Globaltech, the company is pursuing the Nasdaq uplisting to expand the investor audience and financing opportunities available to the firm as it works to build and commercialize its AI, data, and software platforms.
As part of its preparations for the planned uplisting, the company completed a 1-for-3 reverse stock split on August 27, 2026. The reverse split was intended to support the company's efforts to satisfy Nasdaq's minimum share-price requirements. However, it does not by itself establish compliance with all listing standards.
The company's common stock continues to trade on the OTCQB Market while the Nasdaq application is under review. The company intends to retain "GLTK" upon a Nasdaq listing, subject to availability and applicable exchange requirements.
In addition to the reverse stock split, the company is also strengthening its corporate governance, disclosure, and internal controls in preparation for a potential Nasdaq listing. The Board has approved the formation of three committees: Audit, Compensation, and Nominating and Corporate Governance. Implementation of these initiatives is underway and is intended to strengthen oversight, accountability, and financial reporting as the company prepares for the responsibilities of a Nasdaq-listed company.
If Nasdaq approves the application, the company will announce the anticipated trading commencement date and related shareholder information in a Current Report on Form 8-K submitted to the U.S. Securities and Exchange Commission and an accompanying press release.
Globaltech Corporation, which builds and commercializes AI, data, and software solutions through its revenue-generating operating businesses, is focused on telecommunications and retail operations. These operations provide infrastructure, customer relationships, and real-world environments to develop, test, and scale technology platforms spanning financial technology, enterprise software, e-commerce, and sports technology. Through its Center of Excellence, the company evaluates, develops, and commercializes technology opportunities across the platform.
The company's strategic plans and treasury management initiatives are ongoing, and it remains hopeful of completing the uplisting in the fourth quarter of 2026. However, completion remains subject to Nasdaq approval, satisfaction of all applicable initial listing standards, market conditions, financing requirements, and other customary conditions. There can be no assurance regarding the timing or completion of the uplisting.