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The latest announcement is out from GlobalTech Corp. ( (GLTK) ).
On December 29, 2025, GlobalTech Corporation held a special meeting of stockholders at which 97.26% of the company’s outstanding common shares were represented, constituting a quorum for conducting business. At the meeting, shareholders overwhelmingly approved a management proposal granting the board discretionary authority, through December 29, 2026, to implement a reverse stock split of GlobalTech’s common stock at a ratio between one-for-two and one-for-ten and to determine how to handle fractional share interests, either via cash payments or rounding up to whole shares. Investors also approved a proposal to allow adjournment of the meeting if additional proxy solicitation had been needed, though this approval ultimately had no effect because the reverse stock split authorization passed on the initial vote, positioning the company to adjust its share structure as market or listing considerations require.
More about GlobalTech Corp.
Average Trading Volume: 1,734
Technical Sentiment Signal: Buy
For an in-depth examination of GLTK stock, go to TipRanks’ Overview page.