GLOBAL TECHNOLOGIES LTD filed its annual report late and said it expects a significant change in results
expects significant change in results 1 day past the statutory due date.
Global Technologies, Ltd (the “Registrant”) was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2026 (the “Annual Report”) by the September 28, 2026 filing deadline applicable to smaller reporting companies. The Registrant requires additional time to complete its year-end closing and consolidation procedures for the Registrant and its wholly owned subsidiaries, including the reconciliation of certain accrued liabilities and intercompany accounts and the fair value measurement of its derivative liability as of June 30, 2026. In addition, the Registrant has not yet engaged an independent registered public accounting…
Evidence
- Anticipates significant change
- Yes
- Days past due date
- 1
- Other periodic reports filed
- Yes
- Routine
- No
- Severity
- elevated
- Source
- Form 12b-25 (notification of late filing)
- Stated reason
- Global Technologies, Ltd (the “Registrant”) was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2026 (the “Annual Report”) by the September 28, 2026 filing deadline applicable to smaller reporting companies. The Registrant requires additional time to complete its year-end closing and consolidation procedures for the Registrant and its wholly owned subsidiaries, including the reconciliation of certain accrued liabilities and intercompany accounts and the fair value measurement of its derivative liability as of June 30, 2026. In addition, the Registrant has not yet engaged an independent registered public accounting…
- Why
- The company told the SEC it could not file a periodic report on time, using Form 12b-25.