5/5GlobalTech Corp (GLTK): Non-reliance / restatement

Verified excerpt

"The non-reliance determination resulted from an error in the Company's accounting for the realizability of its deferred tax assets as of December 31, 2025, in accordance with Accounting Standards Codification (ASC) 740-10-30-23 through 45-6 and ASC 740-10-30-21 through 30-22 (the " Error ")."

Quoted from the filing. Source

What this means

The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.