Global Interactive Technologies, Inc. Expands Music IP Portfolio with Key Artist Agreements

Global Interactive Technologies (NASDAQ:GITS) announced definitive agreements with K-pop star Kang Daniel to produce and perform official theme songs for the animated feature The Legend of MegaRace.

Rhea-AI Summary

Global Interactive Technologies (NASDAQ:GITS) announced definitive agreements with K-pop star Kang Daniel to produce and perform official theme songs for the animated feature The Legend of MegaRace. GITS acquired ownership of the master recordings and worldwide distribution and usage rights, and will manage global release and commercial rollout across digital and physical platforms. Selected promotional materials will be distributed via Faning, GITS's global fandom platform. The company said these collaborations complement prior agreements and align with its strategy to expand proprietary music IP tied to animation-related content.

Positive

• Master recordings acquired with ownership and control
• Worldwide distribution and usage rights secured for each song
• Collaboration with Kang Daniel, a top-tier K-pop artist
• Promotion via Faning fandom platform for global rollout

Negative

• None.

Argus Feb 2 session

+5.84% close to close Open Argus

Details

News Market Reaction – GITS

On Feb 2, the day this news came out, GITS closed 5.84% above the previous close.

Data tracked by StockTitan Argus for the Feb 2 session.

Key Figures

Albums sold: over 2,000,000 albums Q3 2025 revenue: $1,838 Nine-month operating loss: $1,781,641 +5 more

Albums sold

over 2,000,000 albums

Career sales for Kang Daniel noted in announcement

Q3 2025 revenue

$1,838

Quarterly revenue as GITS rebuilds around Faning

Nine-month operating loss

$1,781,641

Operating loss for nine months ended Q3 2025

Nine-month net loss

$1,787,707

Net loss over first nine months of 2025

Cash balance

$36,915

Cash as of Q3 2025 with going concern disclosure

Working capital deficit

$(511,145)

Working capital position at Q3 2025

Estimated offering proceeds

$4.4 million

Estimated net proceeds from S-1/A reasonable best efforts offering

Accumulated deficit

$39,689,008

Accumulated deficit reported in Q3 2025 10-Q

Historical Context

2 past events · Latest: Jan 26

2 events

1. Jan 26

   Artist IP agreement

   24h Move

   -5.9%

   ATEEZ theme song deal for MegaRace with full master and global rights.

2. Dec 19

   Platform fan engagement

   24h Move

   -16.7%

   Faning to host ICHILLIN’ fan club and virtual events with Lee Jae-won.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

intellectual property, master recordings, worldwide distribution, pre-funded warrants, +4 more

8 terms

intellectual property technical

"a digital media and intellectual property company, announced today"

Intellectual property are legal rights that protect creations of the mind—such as inventions, brand names, designs, software, or secret formulas—giving the owner control over who can use, copy or sell them. For investors, IP is like owning a blueprint or recipe: it can generate steady income through exclusive sales or licensing, boost a company’s competitive edge and valuation, and also create costs or risks if rights must be defended or challenged in court.

master recordings financial

"GITS has acquired ownership and control of the master recordings,"

Master recordings are the original, authoritative audio files or physical tapes from which all copies, streams and licenses of a song or album are made. Investors treat them like owning the original blueprint of a product: whoever controls the masters collects most licensing fees, streaming income and resale value, so masters can be a long‑term revenue asset or collateral for financing.

worldwide distribution financial

"along with worldwide distribution and usage rights for each song."

Worldwide distribution means a product, service, or content is made available across multiple countries and regions rather than confined to a single market. For investors it signals larger potential sales and diversification of revenue, like a film that streams in many countries instead of just one, but also implies greater logistical, regulatory and currency risks that can affect costs and profits.

pre-funded warrants financial

"up to 4,032,258 pre-funded warrants and up to 4,032,258 common 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

"pre-funded warrants and up to 4,032,258 common warrants, plus up to 8,064,516"

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.

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.

administrative fine regulatory

"a KRW 142,100,000 administrative fine was upheld on appeal;"

An administrative fine is a monetary penalty imposed by a government agency for breaking rules or failing to meet regulatory requirements without it being a criminal case. Think of it like a parking ticket for a business: it directly increases costs, can signal compliance problems to customers and regulators, and may affect profits, stock value and the company’s ability to operate or win future contracts—so investors watch them as a measure of regulatory and financial risk.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEOUL, KR / ACCESS Newswire / February 2, 2026 / Global Interactive Technologies, Inc. (NASDAQ:GITS) - Global Interactive Technologies, Inc. ("GITS"), a digital media and intellectual property company, announced today that it has entered into definitive agreements with K-pop star Kang Daniel for the production and performance of official theme songs for the upcoming animated feature, The Legend of MegaRace.

Pursuant to the agreements, GITS has acquired ownership and control of the master recordings, along with worldwide distribution and usage rights for each song. GITS will oversee global release strategies and the commercial rollout of the official soundtrack across both digital and physical platforms.

"A powerhouse soloist with over 2 million albums sold, Kang Daniel first skyrocketed to international fame as the 'Nation's Center' of the mega-hit K-pop group Wanna One," the company stated. "Now a seasoned singer-songwriter and world-class performer who has made his mark on Billboard's World Digital Song Sales chart, he continues to redefine his legacy. Beyond music, the Guinness World Record holder has expanded his repertoire as a charismatic TV host and lead actor, proving his versatility as a global multi-hyphenate."

In connection with the planned release of The Legend of MegaRace, select promotional materials related to the additional theme songs are expected to be distributed through Faning, GITS's global fandom platform.

"These agreements reflect GITS's continued focus on strict music IP ownership and controlled distribution," a GITS representative said. "By collaborating with a top-tier K-pop star for this animated project, we are taking a structured, long-term approach to building music assets that support scalable content commercialization."

The company noted that these additional artist collaborations complement previously announced agreements and are consistent with its broader strategy to expand proprietary intellectual property across animation-related music and content assets.

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 on February 2, 2026 about Kang Daniel and GITS (GITS)?

GITS announced definitive agreements with Kang Daniel to produce official theme songs for The Legend of MegaRace. According to the company, GITS acquired ownership of master recordings plus worldwide distribution and usage rights and will oversee global release strategies.

What rights did GITS acquire for the soundtrack songs (GITS)?

GITS acquired ownership and control of the master recordings and worldwide distribution and usage rights for each song. According to the company, those rights cover commercial rollout across both digital and physical platforms.

How will GITS distribute and promote the MegaRace soundtrack (GITS)?

GITS will manage global release strategies and commercial rollout across digital and physical platforms. According to the company, select promotional materials will be distributed through Faning, GITS's global fandom platform.

Does the announcement disclose financial terms for the Kang Daniel agreements (GITS)?

No financial terms were disclosed in the announcement regarding the Kang Daniel agreements. According to the company, the release focused on rights acquired and distribution plans rather than pricing or payment details.

How do the Kang Daniel agreements fit GITS's broader strategy (GITS)?

The agreements are presented as complementary to previously announced collaborations and part of a strategy to expand proprietary music IP tied to animation. According to the company, this reflects a structured, long-term approach to building music assets for commercialization.

Will Kang Daniel perform for the animated feature The Legend of MegaRace (GITS)?

Yes. GITS contracted Kang Daniel to produce and perform official theme songs for The Legend of MegaRace. According to the company, the agreements cover production, performance, and downstream distribution and usage rights.