GlobalTek Ventures, Inc. (formerly Ameritek Ventures, Inc.) filed a Form 10-Q for the quarterly period ended June 30, 2026, submitted after its due date by court-appointed successor custodian Jacob Sherman on October 21, 2026.

Key Highlights

  • Court-appointed custodian: Jacob Sherman was appointed successor custodian by the Eighth Judicial District Court of Clark County, Nevada on October 6, 2026, and authorized on October 12, 2026 to act as principal executive officer and principal financial officer.
  • Share count restored: The company reported 477,508,748 shares of common stock outstanding, reflecting the rescission of a 1-for-1,200 reverse stock split and court-ordered cancellations per the Court's Order of August 11, 2026.
  • Total assets of $1,061,177: As of June 30, 2026, the company reported total assets of $1,061,177 against total liabilities of $2,218,315, yielding a stockholders' deficit of $(1,157,138).
  • Prior financial statements unreliable: According to the filing, "the Company's previously issued financial statements for 2019 through the quarter ended March 31, 2026 should no longer be relied upon," with comparative periods restated.
  • Multiple preferred share series cancelled: Series B, C, and D preferred stock, previously reported as having shares outstanding, were each reported as having none outstanding following the Court's Order.
  • Accumulated deficit of $(4,344,954): The company reported an accumulated deficit of $(4,344,954) as of June 30, 2026, compared to $(3,612,029) as of December 31, 2025 (as restated).
  • Auditor resigned and re-engaged: Bansal & Co LLP resigned on September 10, 2026, and was re-engaged by the custodian on October 15, 2026 to complete the review of these financial statements.

GlobalTek Ventures: Custodianship, Court Orders, and Restated Financials

GlobalTek Ventures, Inc., formerly known as Ameritek Ventures, Inc., filed its Form 10-Q for the quarter ended June 30, 2026 under unusual circumstances. According to the filing, the company has no directors or officers, and the report was prepared by Jacob Sherman, a successor custodian appointed by the Eighth Judicial District Court of Clark County, Nevada. Sherman relied on records delivered to him, as he "held no position with the Company during the period covered by this report."

The Court's Order of August 11, 2026 was a central event shaping this filing. The filing states the Order "removed the former custodian, declared void a series of transactions between the Company and entities he controlled, cancelled the related shares, rescinded the 1-for-1,200 reverse stock split of January 20, 2026 and allowed a creditor claim." As a result, shares outstanding were restored to 477,508,748 on the pre-split basis, whereas the transfer agent's records still showed 9,222,729 shares on the post-split basis at the filing date, with cancellation procedures pending.

The balance sheet as of June 30, 2026 showed cash of $29,328, total assets of $1,061,177, and total current liabilities of $2,192,354, which included short-term advances from affiliates of $1,573,294 and an amount due to Meridian Pacific Holdings, LLC of $576,706. Property and equipment, net, stood at $956,022. The filing notes that forward-looking statements are subject to risks including "the outcome of the proceedings described in this report and the implementation of the Court's Order of August 11, 2026," and the company undertakes no obligation to update such statements except as required by law. The filing does not identify a trading exchange or ticker symbol in the registered-securities table.

What Was Disclosed

GlobalTek Ventures filed a late Form 10-Q for the period ended June 30, 2026, prepared by a court-appointed custodian. The filing restated prior periods, voided certain prior transactions, and reported a stockholders' deficit of $(1,157,138) with accumulated deficit of $(4,344,954).