Global Technologies Ltd.

06/16/2026 | Press release | Distributed by Public on 06/16/2026 14:22

Change in Certifying Accountants (Form 8-K)

Item 4.01 Changes in Registrant's Certifying Accountant.

On June 16, 2026, Global Technologies, Ltd. (the "Company") received written notice from QI CPA LLC ("QI CPA") that QI CPA resigned as the Company's independent registered public accounting firm, effective June 16, 2026.

QI CPA's audit report on the Company's financial statements for the fiscal year ended June 30, 2025 and June 30, 2024 did not contain an adverse opinion or disclaimer of opinion and was not qualified or modified as to audit scope or accounting principles, except that such report included an explanatory paragraph regarding substantial doubt about the Company's ability to continue as a going concern.

During the fiscal years ended June 30, 2025 and June 30, 2024, and the subsequent interim period through June 8, 2026, there were no disagreements with QI CPA on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to QI CPA's satisfaction, would have caused QI CPA to make reference to the subject matter of the disagreements in connection with its report.

During the fiscal years ended June 30, 2025 and June 30, 2024, and the subsequent interim period through June 8, 2026, there were no "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K, except as previously disclosed in the Company's filings with the Securities and Exchange Commission, including matters related to the Company's internal control over financial reporting and disclosure controls and procedures.

The Company has provided QI CPA with a copy of the disclosures contained in this Current Report on Form 8-K and has requested that QI CPA furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether QI CPA agrees with the statements made herein. A copy of QI CPA's letter will be filed as Exhibit 16.1 to this Current Report on Form 8-K or by amendment when received.

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