Global Interactive Technologies, Inc. Announces Receipt of a Delinquency Compliance Alert Letter from Nasdaq
Global Interactive Technologies (NASDAQ:GITS) received a Nasdaq delinquency compliance alert letter on April 16, 2026 for failing to timely file its Form 10-K for the year ended December 31, 2025, triggering non‑compliance with Nasdaq Listing Rule 5250(c)(1).
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Rhea-AI Summary
Global Interactive Technologies (NASDAQ:GITS) received a Nasdaq delinquency compliance alert letter on April 16, 2026 for failing to timely file its Form 10-K for the year ended December 31, 2025, triggering non‑compliance with Nasdaq Listing Rule 5250(c)(1).
Under Nasdaq rules the company has a 60 calendar day cure period to submit a compliance plan; the company expects to file the Form 10-K promptly and its common stock will remain listed and traded during the 60‑day grace period, subject to other listing requirements.
Positive
- Company expects to file the Form 10-K promptly
- Common stock will remain listed and traded during the 60‑day cure period
Negative
- Not in compliance with Nasdaq Listing Rule 5250(c)(1)
- Received delinquency letter dated April 16, 2026 for missed Form 10-K
Details
News Market Reaction – GITS
On Apr 17, the day this news came out, GITS closed 9.02% below the previous close.
Data tracked by StockTitan Argus for the Apr 17 session.
Key Figures
- Compliance plan window
- 60 calendar days
- Period to submit plan to regain Nasdaq Rule 5250(c)(1) compliance
- Fiscal year end
- December 31, 2025
- Year-end for delayed Form 10-K referenced in Nasdaq letter
- Nasdaq Listing Rule
- Rule 5250(c)(1)
- Rule requiring timely filing of periodic reports with the SEC
Historical Context
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Announced up to $18M strategic equity purchase facility for growth initiatives.
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Expanded music IP via agreements for animated feature theme songs and distribution rights.
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Signed ATEEZ for feature theme song with worldwide commercial exploitation rights.
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Faning platform to host official fan club and virtual fan events for K-Pop artists.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
form 10-k regulatory
securities and exchange commission regulatory
nasdaq listing rule 5250(c)(1) regulatory
continued listing requirements regulatory
listing qualifications department regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
SEOUL, KR / ACCESS Newswire / April 17, 2026 / Global Interactive Technologies, Inc. (NASDAQ:GITS) (the "Company") announced that on April 16, 2026, it received a delinquency compliance alert letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") advising the Company that, because the Company did not timely file its Annual Report on Form 10-K for the year ended December 31, 2025 with the Securities and Exchange Commission (the "SEC"), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic reports with the SEC.
Under Nasdaq rules, the Company has 60 calendar days from the date of the Nasdaq notification letter to submit to Nasdaq a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1). The Company expects to file the Form 10-K promptly to regain compliance with Nasdaq Listing Rule 5250(c)(1). The Company's common stock will continue to be listed and traded on The Nasdaq Stock Market during the 60-day grace period, subject to the Company's compliance with Nasdaq's other continued listing requirements.
About Global Interactive Technologies, Inc.
Global Interactive Technologies, Inc. is a digital media and technology company focused on fan engagement and fandom economy through its multi-platform ecosystem, including Faning, a global platform that connects K-pop and broader K-culture fans through shared interests, content, and community experiences. For more information, please visit the Company's website at www.gitechnologies.com.
Forward-Looking Statements
This announcement contains forward-looking statements as defined under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, formulated in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements, reflecting the Company's projections about its future financial and operational performance, employ terms like "believes," "estimates," "anticipates," "expects," "plans," "projects," "intends," "potential," "target," "aim," "predict," "outlook," "seek," "goal," "objective," "assume," "contemplate," "continue," "positioned," "forecast," "likely," "may," "could," "might," "will," "should," "approximately," and similar expressions to convey the uncertainty of future events or outcomes. These forward-looking statements are based on the Company's current expectations, assumptions, and projections, involving judgments about future economic conditions, competitive landscapes, market dynamics, and business decisions, many of which are inherently challenging to predict accurately and are largely beyond the Company's control. Additionally, these statements are subject to a multitude of known and unknown risks, uncertainties, and other variables that could significantly diverge the Company's actual results from those depicted in any forward-looking statement. Because of these and other risks, uncertainties and assumptions, undue reliance should not be placed on these forward-looking statements. In addition, these statements speak only as of the date of this press release and, except as may be required by law, the Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
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
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