GlobalTech Corporation has completed 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, detailed in a Form 8-K filed Dec. 2, 2025, was executed through a combination of GlobalTech common stock and Convertible Series A Preferred Stock. This strategic move is designed to add a new revenue stream to the technology holding company's portfolio while expanding its direct-to-consumer and e-commerce capabilities. The acquisition represents a significant step in GlobalTech's planned deployment of its Thrivo AI platform within the Moda in Pelle ecosystem. By integrating artificial intelligence technology with a established footwear brand founded in 1975, GlobalTech aims to enhance operational efficiencies and customer experiences.
The transaction also strengthens the company's operational footprint in the United Kingdom, providing a European base for future expansion initiatives. According to the company's announcement, the acquisition supports GlobalTech's broader strategy of driving innovation across artificial intelligence, big data, and frontier technologies. The technology holding company seeks to empower companies and enterprises to transform industries and create value in the digital economy through strategic partnerships and scalable platforms. Additional information about the transaction is available in the company's regulatory filings, including the Form 8-K that provides detailed consideration terms. The latest news and updates relating to GlobalTech Corporation are available through the company's dedicated newsroom.
NetworkNewsWire, the specialized communications platform that distributed the announcement, provides financial news and content distribution services for private and public companies within the investment community. The platform operates as part of a larger network of brands that deliver wire solutions, editorial syndication, and corporate communications services to help companies reach target markets and diverse industries effectively. This acquisition is important because it signals a convergence of technology and traditional retail, where AI platforms are being deployed to optimize established consumer brands. The move demonstrates how holding companies are leveraging technology to create new value streams and expand into direct consumer markets, potentially reshaping how legacy brands operate in the digital economy.
