Globaltek Taps Bansal & Co LLP for Limited Six-Month Review Following Auditor Resignation
ATVK has more than doubled off its 52-week low of $0.84 on light trading volume (0.1× avg).
Summary
Globaltek hired Bansal & Co LLP to review its six-month interim financials, a narrow engagement that ends on completion of the review. It follows the October 15 auditor resignation and does not yet restore audited reporting.
Key Events · Corporate Governance and Compliance · ATVK
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New Auditor Engaged for Interim Review
Globaltek engaged Bansal & Co LLP as its independent registered public accounting firm to review interim financial statements for the six months ended June 30, 2026.
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Engagement Scope Is Limited
Because the engagement terminates upon completion of the review, it is a review rather than a full audit, so audited financials remain unavailable.
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No Disagreements Disclosed
Except as discussed in the October 15 8-K, no disagreements or reportable events under Item 304(a)(1)(iv)/(v) of Regulation S-K were identified with Bansal.
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Follows October 15 Auditor Resignation
The filing comes four days after the 8-K disclosing the prior auditor's resignation and recall, and the Nevada court ruling voiding prior management and related-party transactions.
Analysis · ATVK · Manufacturing
The first concrete step toward restoring any financial reporting capability comes with Globaltek's naming of Bansal & Co LLP to review its interim financials for the six months ended June 30, 2026, after the prior auditor resigned and recalled its work in the October 15 8-K. Deliberately narrow, the engagement ends when the review is done; it is not a full audit and does not by itself resolve the going-concern doubt and internal control weaknesses previously disclosed in the Q1 2026 10-Q. For a company whose prior management and related-party transactions were voided by a Nevada court, getting reviewed numbers on the record is a prerequisite for almost anything else — filings, financing, or a credible path forward. A clean datapoint is the absence of any disagreement or reportable event with Bansal, but the scope limitation means investors still have no audited financials.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ATVK was trading at $3.82 on OTC in the Manufacturing sector, with a market capitalization of approximately $35.2M. The 52-week trading range was $0.84 to $27.60. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.