How is the share purchase price determined in the GITS equity facility?

The purchase price per share is based on a formula equal to approximately 93% of the applicable market price. This means Hudson Global Ventures buys shares at a discount to market, with the exact market-price definition specified in the agreement.

Global Interactive sets $18M equity facility

Global Interactive Technologies, Inc. entered into an Equity Purchase Agreement with Hudson Global Ventures, LLC that gives the company the right, but not the obligation, to sell up to $18,000,000 of common stock over time.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Global Interactive Technologies, Inc. entered into an Equity Purchase Agreement with Hudson Global Ventures, LLC that gives the company the right, but not the obligation, to sell up to $18,000,000 of common stock over time.

Shares may be sold through discretionary “Put Notices,” with each drawdown sized by trading-volume and contractual limits. The purchase price is set at about 93% of the market price. The agreement runs for up to 24 months, includes commitment-share consideration, limits the investor’s ownership to 4.99%, and restricts certain competing variable-rate financings. Sales depend on an effective resale registration statement, which the company plans to file within 60 days and to use the facility selectively based on capital needs and market conditions.

Insights

$18M equity line adds flexibility but may dilute holders over time.

Global Interactive Technologies arranged an Equity Purchase Agreement allowing it to sell up to $18,000,000 of common stock to Hudson Global Ventures over up to 24 months. Pricing at roughly 93% of market ties proceeds to trading levels.

The facility is discretionary, triggered by company “Put Notices,” and capped by a 4.99% beneficial ownership limit, which moderates concentration risk. Restrictions on other variable-rate or equity line financings focus future capital raising through this structure unless the investor consents.

Use of the facility depends on an effective resale registration statement, which the company agreed to file within 60 days of signing. Actual impact on the share count and capital position will depend on how frequently management taps the line relative to market conditions and alternative financing options.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Maximum Commitment Amount: $18,000,000 Purchase price formula: ≈93% of market price Agreement term: Up to 24 months +3 more

6 metrics

Maximum Commitment Amount $18,000,000 Aggregate purchase price of common stock under Equity Purchase Agreement

Purchase price formula ≈93% of market price Per-share purchase price for investor under agreement

Agreement term Up to 24 months Duration of Equity Purchase Agreement unless earlier terminated or fully used

Beneficial ownership cap 4.99% Maximum investor ownership of outstanding common stock

Registration filing timeline 60 days Period to file resale registration statement after Agreement execution

Trading symbol GITS Common stock listed on The Nasdaq Stock Market LLC

Key Terms

Equity Purchase Agreement, Put Notices, Maximum Commitment Amount, beneficial ownership, +2 more

6 terms

Equity Purchase Agreement financial

"entered into an Equity Purchase Agreement (the “Agreement”) with Hudson Global Ventures"

An equity purchase agreement is a legal contract that sets the terms for buying ownership shares in a company, including the number of shares, price, and any conditions that must be met before the sale closes. For investors it matters because it determines how much ownership and control they gain, how the company’s value and share count change, and what protections or obligations each side has—think of it as the detailed bill of sale and ground rules for a stock purchase.

Put Notices financial

"The Company may, at its discretion, deliver “Put Notices” to the Investor"

Maximum Commitment Amount financial

"common stock having an aggregate purchase price of up to $18,000,000 (the “Maximum Commitment Amount”)"

beneficial ownership financial

"The Investor’s beneficial ownership is capped at 4.99% of the Company’s outstanding common stock"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

variable rate or equity line financing arrangements financial

"agreed not to enter into certain other variable rate or equity line financing arrangements"

registration statement regulatory

"subject to the effectiveness of a registration statement covering the resale of such shares"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What financing arrangement did Global Interactive Technologies (GITS) enter into?

Global Interactive Technologies entered an Equity Purchase Agreement with Hudson Global Ventures. It can sell up to $18,000,000 of common stock over time, at its discretion, through drawdowns governed by trading-volume limits and other contractual terms.

How much stock can Global Interactive Technologies sell under the new agreement?

The company can sell shares with an aggregate purchase price of up to $18,000,000. This cap, called the Maximum Commitment Amount, sets the total potential size of the equity line across all discretionary Put Notices during the agreement term.

What is the term of Global Interactive Technologies’ Equity Purchase Agreement?

The Equity Purchase Agreement has a term of up to 24 months from execution. It may end earlier if the full $18,000,000 commitment is used or if the agreement is otherwise terminated under its terms before the two-year period expires.

Are there ownership limits for Hudson Global Ventures under the GITS deal?

Yes. Hudson Global Ventures’ beneficial ownership of Global Interactive Technologies’ common stock is capped at 4.99%. This limitation is designed to prevent the investor from exceeding that ownership threshold as a result of purchases under the Equity Purchase Agreement.

What registration requirement is tied to the Global Interactive Technologies facility?

The company’s ability to sell shares under the agreement depends on an effective registration statement covering the investor’s resale. Global Interactive Technologies agreed to file this registration statement within sixty days of executing the Equity Purchase Agreement with Hudson Global Ventures.

How does Global Interactive Technologies plan to use the $18M equity facility?

Management intends to utilize the facility selectively, if at all, depending on market conditions and capital needs. The equity line is described as a tool to enhance capital flexibility, alongside potential alternative financing opportunities the company may also pursue.

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

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 03/30/2026 - 10:45 AM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 30, 2026

GLOBAL INTERACTIVE TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware

001-41763

88-1368281

(State or other jurisdiction of

incorporation or organization)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

160, Yeouiseo-ro, Yeongdeungpo-gu
Seoul, Republic of Korea		07231
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: +82-2-2564-8588

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		GITS		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement

On March 26, 2026, Global Interactive Technologies, Inc. (the “Company”) entered into an Equity Purchase Agreement (the “Agreement”) with Hudson Global Ventures, LLC (the “Investor”).

Pursuant to the Agreement, the Company has the right, but not the obligation, to sell to the Investor, from time to time, shares of its common stock having an aggregate purchase price of up to $18,000,000 (the “Maximum Commitment Amount”), subject to the terms and conditions set forth therein.

Summary of Key Terms

● The Company may, at its discretion, deliver “Put Notices” to the Investor to purchase shares of common stock from time to time.

● Each drawdown is subject to specified minimum and maximum amounts based on trading volume and contractual limits.

● The purchase price per share will be based on a formula equal to approximately 93% of the applicable market price, as defined in the Agreement.

● The Agreement has a term of up to 24 months, unless earlier terminated or the full commitment amount is utilized.

● The Company issued initial commitment shares to the Investor as consideration for entering into the Agreement and may be required to issue additional shares under certain conditions.

● The Investor’s beneficial ownership is capped at 4.99% of the Company’s outstanding common stock.

● The Company has agreed not to enter into certain other variable rate or equity line financing arrangements for specified periods without Investor consent.

Registration Requirement

The Company’s ability to sell shares under the Agreement is subject to the effectiveness of a registration statement covering the resale of such shares by the Investor. The Company has agreed to file such registration statement within sixty (60) days following the execution of the Agreement.

Strategic Use of Facility

The Company intends to utilize the facility selectively, if at all, based on market conditions and its capital requirements.

The Agreement is intended to enhance the Company’s capital flexibility, and the Company may also pursue alternative financing opportunities.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

●	Equity Purchase Agreement, dated March 26, 2026, by and between Global Interactive Technologies, Inc. and Hudson Global Ventures, LLC

104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Global Interactive Technologies, Inc.

	By:	/s/ Taehoon Kim
Date: March 30, 2026	Name:	Taehoon Kim
	Title:	Chief Executive Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Global Interactive sets $18M equity facility

Rhea-AI Filing Summary

Positive

Negative