Global Interactive Technologies (NASDAQ:GITS) announced on December 19, 2025 that its Faning platform will host the official fan club for K-Pop group ICHILLIN' and run virtual fan events featuring artist Lee Jae-won of H.O.T.
Faning will provide official fan club spaces, live streaming, virtual fan interactions, multilingual support, and mobile apps on iOS and Android, with web access in progress. Scheduled online fan meetings and interactive sessions will let fans participate remotely through the Faning platform.
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Key Figures
Q3 2025 revenue$1,838Q3 2025 results as FANING platform rebuilds
Nine-month net loss$1,787,707Includes Q3 2025 net loss of $542,977
Cash balance$36,915As of Q3 2025 with working capital deficit
Working capital deficit$(511,145)As of Q3 2025
Estimated net IPO proceeds$4.4 millionIf full S-1/A offering amount is sold
Funding need$2.0–$3.0 millionEstimated over the next 12 months
Market Reality Check
$0.7500Last Close
VolumeVolume 87,857 is 2.34x the 20-day average of 37,469, indicating elevated interest ahead of this fan platform update.high
TechnicalShares at $0.9007 are well below the 200-day MA of $1.82 and 90.79% below the 52-week high.
Peers on Argus
1 Up
Peer moves are mixed, with names like SJ up 5% and SLE down 9.44%, while GITS gained 20.08%, pointing to a stock-specific reaction rather than a broad sector move.
Market Pulse Summary
This announcement highlights further commercialization steps for the FANING platform through official fan clubs and virtual events, building on earlier disclosures that revenue was only $1,838 in Q3 2025 with a nine‑month net loss of $1,787,707. Investors may weigh user-engagement traction against a working capital deficit of $(511,145), going‑concern language, and reliance on equity-linked financing. Future updates on revenue growth, cash position, and execution of the current offering framework will be key.
Key Terms
pre-funded warrantsfinancial
"registering up to 4,032,258 shares of common stock, up to 4,032,258 pre-funded warrants"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
common warrantsfinancial
"up to 4,032,258 pre-funded warrants and up to 4,032,258 common warrants"
A common warrant is a tradable instrument that gives its holder the right to buy a company’s common shares at a fixed price within a set time period, similar to a coupon that can be redeemed later to purchase stock. Investors care because exercising warrants can boost potential gains if the stock rises, but it can also dilute existing shareholders by increasing the number of shares outstanding, which can lower per-share value.
reverse splitfinancial
"Capital actions included a 1‑for‑20 reverse split (January 27, 2025)"
A reverse split is when a company reduces the number of its outstanding shares by combining several existing shares into one new share, so the price per share rises proportionally while the company’s overall value stays the same. Investors care because it can make a stock appear more respectable or meet exchange rules — like turning many small coins into a single larger bill — but it can also signal financial trouble and often affects trading liquidity and investor perception.
working capital deficitfinancial
"Cash stood at $36,915 with a working capital deficit of $(511,145)"
A working capital deficit occurs when a company's short-term obligations—like bills, supplier payments and near-term debt—are larger than its readily available short-term resources such as cash, money expected from customers, and inventory that can be sold. Like a household whose monthly bills exceed its checking account, it signals potential difficulty paying immediate expenses, which matters to investors because it raises the chance the company will need outside financing or cut operations, affecting risk and value.
going concernfinancial
"Management states there is substantial doubt about the ability to continue as a going concern"
A going concern is a business that is expected to continue its operations and meet its obligations for the foreseeable future, rather than shutting down or selling off assets. This assumption matters to investors because it indicates stability and ongoing profitability, making the business a more reliable investment. Think of it as believing a restaurant will stay open and serve customers, rather than closing down suddenly.
debt-to-equity conversionfinancial
"a 2025 debt-to-equity conversion of $172,666 owed to a related party"
A debt-to-equity conversion is when a company swaps outstanding loans or bonds for ownership shares, effectively turning an IOU into an ownership stake. Investors should care because it reduces the company’s debt burden and interest costs but also dilutes existing shareholders’ ownership and can change control and risk profiles—like trading a loan payment for a piece of the company, which can improve solvency while altering potential upside and voting power.
AI-generated analysis. Not financial advice.
SEOUL, KOREA / ACCESS Newswire / December 19, 2025 / Global Interactive Technologies, Inc. (NASDAQ:GITS) today announced that its Faning platform is set to host the official fan club for K-Pop group ICHILLIN', providing a dedicated online space for fans to engage with official content and community activities.
Faning will also host virtual fan events with Lee Jae-won, a member of the K-Pop group H.O.T., through scheduled online fan meetings and interactive sessions. These events will allow fans to participate remotely through the Faning platform.
"Faning is designed to support direct, official engagement between artists and fans," said Taehoon Kim, Chief Executive Officer of GITS. "These collaborations reflect the platform's role in providing structured digital experiences for artists and their fan communities."
Faning offers features including official fan clubs, live streaming, virtual fan interactions, and community engagement tools. The platform is currently available through mobile applications on Apple iOS and Android devices, with web access in progress, and supports multilingual content to accommodate international users.
About Global Interactive Technologies, Inc.
Global Interactive Technologies, Inc. (NASDAQ:GITS) is an entertainment technology company focused on developing digital platforms for fan engagement, content distribution, and interactive online experiences.
About Faning
Faning is a digital fandom platform that provides official fan clubs, virtual events, and interactive features enabling artists and fans to connect through structured online experiences.
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