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. 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.
Global Interactive Technologies, Inc. entered into a private placement with FirstFire Global Opportunities Fund, LLC for a convertible promissory note with an original principal of $550,000. FirstFire purchased the note at an original issue discount of $44,000, providing net proceeds of $506,000 to the company.
The note bears 9% annual interest and matures 12 months after issuance, with the company allowed to prepay subject to its terms. If an event of default occurs and continues, the outstanding balance automatically increases to 125% of unpaid principal and accrued interest, plus an additional $5,000 added to principal on the first of each month until repayment.
Upon an event of default, FirstFire may convert the then-outstanding principal and interest into common stock at a price equal to 85% of the 15-day volume-weighted average price, a 15% discount to market. The agreement includes piggyback registration rights and the company relies on Section 4(a)(2) and Rule 506 of Regulation D for exemption from registration.
Global Interactive Technologies, Inc. insider Hang Muk Shin converted approximately $105,444 of outstanding indebtedness into equity under a Debt Conversion Agreement. He received 90,123 shares of common stock at $1.17 per share and 81,739 warrants exercisable at $1.29 per share, all issued on October 29, 2025.
Following the conversion, Mr. Shin holds 285,000 shares of common stock directly and 81,739 warrants expiring on May 7, 2030. He also beneficially owns 151,915 additional shares indirectly, including shares held by his spouse, children, and Sewang Co., Ltd., over which he has voting and dispositive power. All share amounts reflect a 1-for-20 reverse stock split effective January 27, 2025.
Global Interactive Technologies, Inc. insider filings show existing ownership positions rather than new trades. The Form 3 reports 3,038,309 shares of common stock as indirectly held and 3,897,555 shares as directly held as of the reported date. Footnotes explain that some shares are held by family members and by Sewang Co., Ltd., an entity controlled by Hang Muk Shin, and that each reporting person disclaims beneficial ownership beyond their pecuniary interest.