Dana Green Discloses Stake in GlobalTech Corp

Sentiment: neutral

Topics: activist-investor, stake-building, schedule-13d

Related Tickers: GLTC

TL;DR

**Dana Green just dropped a 13D on GlobalTech Corp! Big move.**

AI Summary

Dana Green, through Entrada Enterprises LLC, has acquired a significant stake in GlobalTech Corp, as indicated by a Schedule 13D filing on June 28, 2024. The filing details Green's ownership and intentions regarding the company, which operates in the telephone communications sector.

Why It Matters

This filing signals a potential shift in control or influence over GlobalTech Corp, which could impact its strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate activist investor intent or significant stake-building, which can lead to volatility and strategic changes for the company.

Key Players & Entities

FAQ

What is the exact percentage of GlobalTech Corp's common stock beneficially owned by Dana Green?

The provided text does not specify the exact percentage of beneficial ownership, only that a Schedule 13D filing was made, indicating a significant stake.

When was the event that required this Schedule 13D filing?

The date of the event which requires filing of this statement is December 31, 2022.

What is GlobalTech Corp's Standard Industrial Classification (SIC) code?

GlobalTech Corp's SIC code is 4813, categorized under TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE).

What is the business address of GlobalTech Corp?

The business address of GlobalTech Corp is 3550 Barron Way, Suite 13A, Reno, Nevada 89511.

Who is authorized to receive notices and communications for this filing?

Dana Green, with the address 3550 Barron Way, Suite 13a, Reno, Nevada 89511, is authorized to receive notices and communications.

Filing Stats: 2,013 words · 8 min read · ~7 pages · Grade level 10.8 · Accepted 2024-06-28 18:58:33

Key Financial Figures

Filing Documents

Security and Issuer

Item 1. Security and Issuer This Statement relates to the common stock, $0.0001 par value per share (the " Common Stock "), of GlobalTech Corporation, a Nevada corporation (the " Issuer " or the " Company "). The principal executive offices of the Issuer are located at 3550 Barron Way Suite 13a, Reno, Nevada 89511.

Identity and Background

Item 2. Identity and Background (a) This Statement is being filed by Dana Green and Entrada Enterprises LLC (" Entrada "), each a " Reporting Person " and collectively the " Reporting Persons ". Dana Green (" Mr. Green ") serves as Manager of Entrada and as such, Mr. Green is deemed to beneficially own the securities held by Entrada. (b) Mr. Green's and Entrada's business address is 2620 South Maryland Parkway, #14-478, Las Vegas, Nevada 89109. (c) Mr. Green's principal business occupation is the Chief Executive Officer of the Issuer. Entrada is a Nevada limited liability company which is an investment company. (d) No Reporting Person has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) No Reporting Person has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Mr. Green is a citizen of the United States. Entrada is a Nevada limited liability company.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration The 9,219,860 shares were issued in connection with founding the Company. On December 14, 2021, the Issuer granted Mr. Green options to purchase 1,000,000 shares of common stock with an exercise price of $0.0001 per share, which vest at the rate of 1/5 th of such options on January 1, 2023, and each anniversary thereafter, subject to Mr. Green's continued service with the Issuer (the " Options ").

Purpose of the Transaction

Item 4. Purpose of the Transaction The information set forth in Item 3 is hereby incorporated by reference into this Item 4 . The Reporting Persons acquired the securities for investment purposes. In the future, depending on general market and economic conditions affecting the Issuer and other relevant factors, the Reporting Persons may purchase additional securities of the Issuer or dispose of some or all of the securities they currently own from time to time in open market transactions, private transactions (including gifts) or otherwise. CUSIP No. 37892L106 Schedule 13D Page 5 of 8 Except as may occur in the ordinary course of business of the Issuer, the Reporting Persons do not currently have any plans or proposals which relate to or would result in the following described: (a) The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) Any material change in the present capitalization or dividend policy of the Issuer; (f) Any other material change in the Issuer's business or corporate structure, including but not limited to, if the Issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by section 13 of the Investment Company Act of 1940; (g) Changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) Causing a class of securities of the Issuer to be de

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer The information provided in Items 3 and 4 of this Schedule 13D is incorporated by reference herein. (a) and (b) The aggregate number of shares of Common Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the voting thereof, shared power to vote or to direct the voting thereof, sole power to dispose or to direct the disposition thereof, or shared power to dispose or to direct the disposition thereof, are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by this reference thereto. (c) See Item 3, above. (d) No other person has the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of the securities beneficially owned by the Reporting Persons. (e) N/A.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer Except as set forth herein, as described below, and customary stock option agreements evidencing Mr. Green's options which were granted by the Issuer, there are no contracts, arrangements, understandings or relationships among the Reporting Persons, or between the Reporting Persons and any other person, with respect to the securities of the Issuer.

Material to Be Filed as Exhibits

Item 7. Material to Be Filed as Exhibits Exhibit No. Description A* Joint Filing Agreement of the Reporting Persons dated June 28, 2024 * Filed herewith. CUSIP No. 37892L106 Schedule 13D Page 7 of 8 SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. June 28, 2024 /s/ Dana Green Dana Green Entrada Enterprises LLC /s/ Dana Green Dana Green Manager CUSIP No. 37892L106 Schedule 13D Page 8 of 8 EXHIBIT A Joint Filing Agreement In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D (as amended) dated June 28, 2024 (including amendments thereto) with respect to the Common Stock of GlobalTech Corporation. This Joint Filing Agreement shall be filed as an Exhibit to such Statement. The undersigned acknowledge that each shall be responsible for the timely filing of any amendments to such Statement, and for the completeness and accuracy of the information concerning him or it contained in such Statement and any amendments thereto, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. June 28, 2024 /s/ Dana Green Dana Green Entrada Enterprises LLC /s/ Dana Green Dana Green Manager

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