UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Item 4.01 Changes in Registrant’s Certifying Accountant
As used in this Current Report on Form 8-K (this “Current Report”), and unless otherwise indicated, the terms “the Company,” “GTLL,” “we,” “us” and “our” refer to Global Technologies, LTD and its subsidiaries.
| (a) | Dismissal of Independent Registered Public Accounting Firm |
(i) On August 15, 2025, the Company ended the engagement of Olayinka Oyebola & Co. (“Olayinka”) as GTLL’s independent registered public accounting firm. The decision to end the engagement of Olayinka Oyebola & Co. was approved by unanimous written consent of the Company’s board of directors on August 15, 2025.
(ii) The reports of Olayinka on the Company’s consolidated financial statements for the year ended June 30, 2024, did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles, except that such reports on the Company’s consolidated financial statements contained an explanatory paragraph in respect to the substantial doubt about its ability to continue as a going concern.
(iii) During the Company’s most recent fiscal year ended June 30, 2025, and the subsequent interim period through the date of this Current Report, (a) there have been no disagreements with Olayinka whether or not resolved, on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which, if not resolved to the satisfaction of Olayinka, would have caused Olayinka to make reference to the subject matter of the disagreement in connection with its reports; (b) no such disagreement was discussed with our board of directors as a whole; and (d) there have been no “reportable events” as defined in Item 304(a)(1)(v) of Regulation S-K.
The Company has provided Olayinka with a copy of the disclosures it is making in this Current Report on Form 8-K and requested that Olayinka furnish it with a letter addressed to the Securities and Exchange Commission stating whether or not they agree with the above statements. A copy of that letter will be filed as Exhibit 16.1 to this Current Report on Form 8-K upon receipt.
| (b) | The Company is in the process of evaluating and engaging a new independent registered public accounting firm that is duly registered with the PCAOB and in good standing with the SEC. |
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| Exhibit 16.1 | Letter from Olayinka Oyebola & Co. to the Securities and Exchange Commission | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GLOBAL TECHNOLOGIES, LTD | |
| (Registrant) | |
| Date August 19, 2025 | |
| /s/ H. Wyatt Flippen | |
| (Signature)* |