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ACQUISITION AND DISPOSITION OF GOe3, LLC
12 Months Ended
Jun. 30, 2025
Acquisition And Disposition Of Goe3 Llc  
ACQUISITION AND DISPOSITION OF GOe3, LLC

NOTE E – ACQUISITION AND DISPOSITION OF GOe3, LLC

 

On March 15, 2024, the Company acquired 100% ownership of GOe3, LLC (“GOe3”), an entity planning to operate a network of universal electric vehicle charging stations, in exchange for “Exchange Shares” and the potential issuance of New Preferred Stock of the Company.

 

During fiscal 2025, Global determined that GOe3 had not met key operational and financial milestones required under the Share Exchange Agreement dated March 15, 2024. As a result, on June 30, 2025 Global elected to terminate and cancel the acquisition and all related agreements.