(GlobalNewsWire): GlobalTech Corporation, a U.S.-based technology holding company specializing in artificial intelligence, big data, and frontier technologies, has successfully closed a private placement of convertible notes worth $1.4 million.
The company confirmed that the notes, which do not accrue interest unless a default occurs, will automatically convert into common stock upon an initial public offering (IPO). Conversion will take place at a 15% discount to the IPO price. Investors were also granted piggyback registration rights in future offerings, excluding the IPO.
GlobalTech announced that proceeds from this funding round will support its strategic growth priorities. These include scaling AI-powered solutions, enhancing data-driven platforms, exploring international market expansion, and potential acquisitions. However, the company noted that future opportunities may depend on market conditions and availability.
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The placement was advised by D. Boral Capital LLC, a New York–based investment bank recognized for guiding emerging growth companies across global markets.
Company representatives emphasized that this fundraising marks another step toward long-term innovation and sustainability. GlobalTech aims to strengthen its footprint in high-growth industries while pursuing opportunities that could transform sectors through AI and digital technologies.
Founded in 1975, GlobalTech has remained an independent holding company with a focus on building scalable platforms and strategic partnerships. Its core vision is to enable businesses to thrive in the fast-evolving digital economy.
D. Boral Capital, which has helped clients raise nearly $30 billion since 2020, expressed confidence in GlobalTech’s trajectory. The firm has a strong record of executing mid-market transactions and offering customized financial solutions for companies navigating technological disruption.
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While the funding strengthens GlobalTech’s position, the company also highlighted risks associated with emerging markets, regulatory environments, and cybersecurity threats. In its statement, GlobalTech warned that factors such as global economic shifts, geopolitical uncertainty, and industry competition could impact future outcomes.
A company spokesperson reiterated that the forward-looking statements provided should not be considered guarantees of performance but rather indicators of direction. The company remains committed to transparency with investors as it moves closer to its IPO ambitions.
GlobalTech continues to attract interest as a player in AI and data-driven innovation, with industry observers noting that the $1.4 million raise underlines investor confidence in its growth vision despite broader market volatility.
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