GlobalTech Corporation announced the acquisition of a 51% controlling interest in Moda in Pelle, a premium footwear brand.
The acquisition aims to enhance GlobalTech's direct-to-consumer and e-commerce capabilities through the Thrivo AI platform.
Details of the transaction involve the acquisition through common stock and Convertible Series A Preferred Stock.
Acquisition Details
GlobalTech acquired 51% of Moda in Pelle with a focus on boosting revenue streams and operational footprint.
Strategic Partnership
The acquisition aims to activate the Thrivo AI platform within the Moda in Pelle ecosystem to drive growth.
Financial Advisory
D. Boral Capital served as the financial advisor to GlobalTech for this transaction.
- The acquisition of Moda in Pelle is expected to provide GlobalTech with a new revenue stream and strengthen its position in the UK market.
- The integration of the Thrivo AI platform is set to enhance GlobalTech's e-commerce capabilities and operational efficiency.
The acquisition of Moda in Pelle marks a significant step for GlobalTech in expanding its portfolio and market presence.