Global Interactive Technologies, Inc. Announces Receipt of a Compliance Delinquency Notice from Nasdaq
Rhea-AI Summary
Global Interactive Technologies (NASDAQ: GITS) reported receiving a Nasdaq compliance delinquency notice on August 20, 2026, due to not timely filing its Form 10-Q for the quarter ended June 30, 2026, with the SEC, breaching Nasdaq Listing Rule 5250(c)(1).
The company has 60 days from the notice date to submit a compliance plan. If Nasdaq accepts the plan, an exception of up to 180 days from the Form 10-Q due date, until February 16, 2027, may be granted. The company expects to file the Form 10-Q promptly, and its shares remain listed and tradable during the 60-day grace period, subject to other listing requirements.
Positive
- 60-day period to submit Nasdaq compliance plan from August 20, 2026
- Potential 180-day extension to February 16, 2027, if plan accepted
- Common stock continues trading on Nasdaq during 60-day grace period
- Company expects to file delayed Form 10-Q promptly
Negative
- Non-compliance with Nasdaq Rule 5250(c)(1) due to late Form 10-Q
- Nasdaq issued a compliance delinquency notice on August 20, 2026
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 30 | Private placement closing | Positive | +2.7% | Company closed a $2.0 million private placement and planned debt repayment. |
| Jun 25 | Private placement pricing | Negative | -10.1% | Pricing included warrants and potential share issuance at approximately $1.83. |
| May 22 | Nasdaq delinquency notice | Negative | -3.4% | Late Form 10-Q and Form 10-K filings triggered Nasdaq noncompliance. |
| Apr 17 | Nasdaq delinquency notice | Negative | -9.0% | Late Form 10-K filing triggered Nasdaq listing-rule noncompliance. |
| Mar 30 | Strategic capital facility | Positive | -0.9% | Company secured access to up to $18 million in strategic capital. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
GITS declined after both prior Nasdaq delinquency notices, while financing-related announcements produced mixed price reactions.
Key Terms
form 10-q regulatory
nasdaq listing rule 5250(c)(1) regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Seoul, Republic of Korea, Aug. 21, 2026 (GLOBE NEWSWIRE) -- Global Interactive Technologies, Inc. (NASDAQ: GITS) (the “Company”) announced that, on August 20, 2026, it received a compliance delinquency notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”). The Notice advised the Company that, because the Company did not timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 (the “Form 10-Q”) 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 Notice to submit to Nasdaq a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1). If Nasdaq accepts the Company’s plan, Nasdaq can grant an exception of up to 180 calendar days from the Form 10-Q’s due date, or until February 16, 2027, to regain compliance. The Company expects to file the Form 10-Q 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 press release 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
