Global Interactive Technologies, Inc. Receives Compliance Notice from Nasdaq

Rhea-AI Summary

Global Interactive Technologies (NASDAQ:GITS) has received confirmation from Nasdaq's Listing Qualifications Department that it is now in compliance with all listing requirements. The compliance notice was issued on April 30, 2025, following the company's filing of its Form 10-K for the fiscal year ended December 31, 2024.

Positive

• Regained full compliance with Nasdaq listing requirements
• Successfully filed Form 10-K for FY2024

Negative

• Previous non-compliance with Nasdaq listing requirements indicates past regulatory issues

SEOUL, KOREA / ACCESS Newswire / May 5, 2025 / Global Interactive Technologies, Inc. (NASDAQ:GITS) (the "Company"), announced that on April 30, 2025 the Company received written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that, based on the April 30, 2025 filing of the Company's Form 10-K for the year ended December 31, 2024, the Company is now in compliance with Nasdaq's listing requirements.

About Global Interactive Technologies, Inc.

Global Interactive Technologies, Inc., is the creator of the engaging and innovative social media platform, "FANING" FANING connects users around the world that share similar interests by providing distinctive service offerings, technologies, applications, and websites. Through FANING, we provide a global multi-media platform for our users to interact with other like-minded users, to share their appreciation of various types of entertainment and cultures, create their own content, enjoy other users' content, engage in commerce, and experience a "fandom" community we believe is unlike any other. For more information, please visit 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. These factors include, but are not limited to, varying economic conditions, competitive pressures, and regulatory changes. 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

FAQ

What did GITS announce regarding Nasdaq compliance on May 5, 2025?

GITS announced it received notice from Nasdaq confirming full compliance with listing requirements following the filing of its Form 10-K for FY2024.

When did Global Interactive Technologies (GITS) file its Form 10-K for 2024?

Global Interactive Technologies filed its Form 10-K for the year ended December 31, 2024 on April 30, 2025.

What triggered the Nasdaq compliance notice for GITS?

The compliance notice was triggered by GITS's filing of its Form 10-K for the year ended December 31, 2024 on April 30, 2025.

Is Global Interactive Technologies (GITS) currently compliant with Nasdaq listing requirements?

Yes, as of April 30, 2025, GITS is fully compliant with Nasdaq listing requirements following the filing of its 2024 Form 10-K.