Welcome to our dedicated page for Global Interactive Technologies SEC filings (Ticker: GITS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Global Interactive Technologies, Inc. filings document the regulatory record of a digital media and entertainment technology company listed on Nasdaq under the symbol GITS. The company’s disclosures include material definitive agreements for music intellectual property, platform-related promotional rights, equity purchase arrangements, convertible note financing, direct financial obligations and unregistered securities issuances.
The filing record also covers Nasdaq continued-listing notices, notifications of late annual reporting, registration-statement amendments, executive officer changes and governance matters. These documents describe the company’s common stock, financing structure, registration obligations, reporting compliance, contractual rights and public-company risk disclosures.
Global Interactive Technologies, Inc. (GITS) has filed a pre‑effective amendment to a Form S‑1 registering up to 2,185,792 shares of common stock for resale by a single selling stockholder. These shares underlie 1,092,896 pre‑funded warrants and 1,092,896 common stock warrants issued in a June 29, 2026 private placement.
The company will not receive proceeds from resales, but may receive cash if warrants are exercised; both warrant series allow cashless exercise in specified circumstances. As of August 5, 2026, 3,674,208 shares were outstanding and, if all warrants are exercised, the registered shares would equal approximately 73.6% of the public float.
GITS operates Faning, an early‑stage K‑culture fan engagement platform that has generated limited revenue. It reported net losses of approximately $4.6 million in 2025 and $6.2 million in 2024, with an accumulated deficit of about $42.5 million and a going‑concern warning. Management estimates needing about $3.0 million of additional capital over 12 months and is contesting a KRW 142.1 million (approximately $104,750) administrative fine imposed by the Korean Securities and Futures Commission related to a 2023 private placement.
Global Interactive Technologies, Inc. is registering for resale up to 2,185,792 shares of common stock underlying pre-funded and common stock warrants held by a single selling stockholder. This includes 1,092,896 shares issuable upon exercise of Pre-Funded Warrants and 1,092,896 shares issuable upon exercise of Common Stock Warrants.
The Pre-Funded Warrants are immediately exercisable at $0.001 per share with no expiry until fully exercised; the Common Stock Warrants become exercisable six months after issuance at $1.83 per share and expire 5.5 years after the June 29, 2026 private placement closing. The company received approximately $2 million in gross proceeds in that private placement at a purchase price of $1.829 per share (or pre-funded warrant) plus attached warrants, and plans to use net proceeds to repay a convertible promissory note and for general corporate and working capital purposes. The company will not receive proceeds from resale of the registered shares, only from any cash warrant exercises.
As of July 29, 2026, 3,674,208 shares were outstanding and 2,970,627 constituted public float; the registered resale amount equals about 73.6% of that float. The company reports net losses of $4.6 million for 2025, an accumulated deficit of $42.5 million, a going-concern warning from its auditor, and an estimated need for about $3.0 million of additional capital over 12 months. It also discloses a KRW 142.1 million administrative fine from the Korean Securities and Futures Commission related to a 2023 financing, which it is contesting in administrative court.
Global Interactive Technologies, Inc., a U.S. corporation with its principal office in Seoul, has filed a Form D for an exempt Regulation D offering relying on Rule 506(b). The issuer reports revenues in the $1 - $1,000,000 band, placing it in the lowest revenue category disclosed.
The securities offered are options, warrants or other rights to acquire another security. The company reports having sold $2,000,000 USD of these securities, with $0 USD remaining to be sold; the first sale occurred on 2026-06-29. D. Boral Capital LLC is identified in the sales compensation section, and reported finders' fees are $0. In the use-of-proceeds disclosure, the company explains that the amount reported for payments to related persons consists of payment of the CEO’s accrued salary and partial payments of deferred compensation to directors named in the related-persons section.
Global Interactive Technologies, Inc. entered into a private financing with a single institutional investor, raising approximately $2,000,000 in gross proceeds through pre-funded warrants and common stock warrants. The deal closed on June 29, 2026.
The company issued pre-funded warrants to purchase up to 1,092,896 shares of common stock at a purchase price of $1.829 per pre-funded warrant (with a nominal $0.001 exercise price) together with accompanying common stock warrants to purchase up to 1,092,896 additional shares at an exercise price of $1.83 per share, exercisable starting six months after issuance for 5.5 years from the closing date.
Global Interactive plans to use the net proceeds primarily to repay amounts owed under its convertible promissory note held by FirstFire Global Opportunities Fund, LLC and for general corporate and working capital purposes. The company will pay its placement agent a 7.0% cash fee on gross proceeds and reimburse up to $50,000 of related expenses, and has granted the investor registration rights requiring a resale registration statement covering the warrant shares to be filed within 30 days after the closing date, together with temporary restrictions on new equity issuances and variable rate transactions.
Global Interactive Technologies, Inc. has regained compliance with Nasdaq’s continued listing requirements after clearing prior late-filing issues. The company had received Nasdaq notices because it did not file its Form 10-K for the year ended December 31, 2025 and its Form 10-Q for the quarter ended March 31, 2026 on time. The Form 10-K was filed on May 26, 2026, and Nasdaq confirmed on June 24, 2026 that, based on the June 22, 2026 filing of the Form 10-Q, the company is now back in compliance with Nasdaq Listing Rule 5250(c)(1).
Global Interactive Technologies, Inc. reported a small-scale but still loss-making quarter for the three months ended March 31, 2026. Revenue was only $96, primarily from early-stage activity on its Faning digital fan engagement platform, while operating expenses of $496,447 drove an operating loss of $496,351.
The company posted a net loss of $496,993, modestly improved from a $566,681 loss a year earlier, with basic and diluted loss per share of $0.14 on 3,674,208 weighted-average shares. Cash used in operating activities was $51,737, partially offset by $49,911 of cash from short-term borrowings, leaving just $360 of cash at period-end.
Total assets were $4,116,185, driven mainly by the Faning software intangible asset of $2,839,745 and a right-of-use asset of $1,209,718. Against this, liabilities totaled $1,164,770, and stockholder’s equity was $2,951,415. The company had an accumulated deficit of $43,031,188 and a working capital deficiency of $1,130,771, and management acknowledged substantial doubt about its ability to continue as a going concern while it seeks additional financing and advances commercialization of Faning 2.0.
Global Interactive Technologies, Inc. reports that it remains an early-stage, loss-making digital fandom platform operator centered on its Faning app for K‑culture and K‑pop fans. The company focuses on community tools, multilingual real-time translation in 17 languages, and a Faning Point (FP) reward system, fixed at 1 FP to 100 Korean Won, to drive engagement and monetization through Vote and Boost features, subscriptions, ads, and e‑commerce.
For the year ended December 31, 2025, it incurred a net loss of about $4.6 million, following a $6.2 million loss for 2024, bringing its accumulated deficit to roughly $42.5 million. Its auditor included a going concern explanatory paragraph, citing recurring losses and negative working capital. Management estimates current cash covers only about two months of operations at an expected burn of approximately $250,000 per month, and indicates it will need around $3.0 million of additional capital over the next 12 months to continue executing its plan.
Global Interactive Technologies, Inc. reported that Nasdaq’s Listing Qualifications Staff issued a delinquency compliance alert on May 21, 2026 because the company has not filed its Q1 2026 Form 10-Q and remains delinquent on its Form 10-K for the year ended December 31, 2025. This means the company is not meeting Nasdaq’s continued listing requirements under Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required SEC reports.
Any additional exception from Nasdaq Staff to regain compliance with all delinquent filings is limited to a maximum of 180 calendar days from the Form 10-K due date, ending on October 12, 2026. The company must submit an update to its original compliance plan to Nasdaq by June 22, 2026 and states that it intends to do so.
Global Interactive Technologies, Inc. reported a leadership change in its finance function. On May 18, 2026, the Board appointed Chief Executive Officer Taehoon Kim as Principal Financial Officer and Principal Accounting Officer, effective immediately, following the previously announced resignation of Chief Financial Officer Juhyon Shin.
The filing outlines Mr. Kim’s prior executive experience in technology and gaming companies and confirms he did not enter into any new material compensation arrangements in connection with these additional roles. It also notes a previously disclosed short-term loan from the Company to Mr. Kim with a principal amount of $583 at 0% interest that matured on January 7, 2026.
Global Interactive Technologies, Inc. notifies the SEC that it cannot timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 by the original due date of May 15, 2026. The company attributes the delay to delays in obtaining, compiling and reviewing certain information and intends to file within the five-calendar-day extension provided under Rule 12b-25.
The notification also indicates the Form 10-K for the fiscal year ended December 31, 2025 remains outstanding. The Form 12b-25 is signed by Chief Executive Officer Taehoon Kim, who is listed as the contact for this notification.