GITS' Faning Platform to Host Official ICHILLIN' Fan Club and Virtual Fan Events with Artist Lee Jae-won

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.

Rhea-AI Summary

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.

Argus Dec 19 session

-16.73% close to close 2.0x rel. volume Open Argus

Details

News Market Reaction – GITS

On Dec 19, the day this news came out, GITS closed 16.73% below the previous close. That session’s volume was 2.0x the stock’s average daily volume.

Data tracked by StockTitan Argus for the Dec 19 session.

Key Figures

Q3 2025 revenue: $1,838 Nine-month revenue: $1,867 Nine-month operating loss: $1,781,641 +5 more

Q3 2025 revenue

$1,838

Q3 2025 results as FANING platform rebuilds

Nine-month revenue

$1,867

Nine months ended Q3 2025

Nine-month operating loss

$1,781,641

Nine months ended Q3 2025

Nine-month net loss

$1,787,707

Includes Q3 2025 net loss of $542,977

Cash balance

$36,915

As of Q3 2025 with working capital deficit

Working capital deficit

$(511,145)

As of Q3 2025

Estimated net IPO proceeds

$4.4 million

If full S-1/A offering amount is sold

Funding need

$2.0–$3.0 million

Estimated over the next 12 months

Key Terms

pre-funded warrants, common warrants, reverse split, working capital deficit, +2 more

6 terms

pre-funded warrants financial

"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 warrants financial

"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 split financial

"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 deficit financial

"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 concern financial

"Management states there is substantial doubt about the ability to continue as a going concern"

Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.

debt-to-equity conversion financial

"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. How Rhea-AI works. Not financial advice.

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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.

Company Contact:

Global Interactive Technologies, Inc.
Taehoon Kim
tkc@gitechnologies.com

Investor Contact:

Global Interactive Technologies, Inc.
Taehoon Kim
tkc@gitechnologies.com

SOURCE: Global Interactive Technologies, Inc.

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did GITS announce about ICHILLIN' on December 19, 2025?

GITS announced that Faning will host the official ICHILLIN' fan club and provide dedicated online fan engagement features.

Will Lee Jae-won appear in Faning virtual events hosted by GITS (NASDAQ:GITS)?

Yes; GITS said Faning will host virtual fan events with Lee Jae-won including scheduled online fan meetings and interactive sessions.

Which Faning features will support ICHILLIN' fans on the GITS platform?

Faning will offer official fan clubs, live streaming, virtual fan interactions, community tools, and multilingual content support.

On which devices is the Faning platform available for GITS fans?

Faning is available via mobile apps on Apple iOS and Android, with web access reported as in progress.

How can international fans access ICHILLIN' content on GITS Faning?

Faning supports multilingual content to accommodate international users and enables remote participation in virtual events.