M&A - GlobalTech Corp

Form Type: 8-K

Filing Date: 2025-04-11

Corporate Action: Acquisition

Type: New

Accession Number: 000147793225002617

Filing Summary: On April 7, 2025, GlobalTech Corporation entered into a Core Engine Agreement with CricksLab L.L.C-FZ, granting GlobalTech an exclusive, perpetual, worldwide license to use and commercially exploit CricksLab’s core engine software for sports applications, specifically excluding cricket. The agreement involves the issuance of 10,000,000 restricted shares of GlobalTech’s common stock to CricksLab, valued at $10,000,000. A non-compete clause is included, prohibiting CricksLab from competing in baseball or softball markets. As of the filing date, the acquisition of the Core Engine has been completed and a press release was issued on April 11, 2025 to announce the closing of the agreement.

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