ATEEZ to perform MegaRace theme for Global Interactive (NASDAQ: GITS)
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Global Interactive Technologies, Inc. entered into a material definitive agreement on January 26, 2026 for the official theme song of the animated feature The Legend of MegaRace, to be performed by ATEEZ. The company acquired ownership of the master recording and secured worldwide rights to distribute and commercially exploit the recording in connection with the film and related promotional activities.
The agreement also allows distribution of promotional content through the company’s own digital platforms. Financial terms were determined to be not material and are not disclosed. On the same date, the company issued a press release about this agreement, which is furnished as Exhibit 99.1 under Regulation FD.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 1.01, 7.01, 9.01
3 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 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What agreement did Global Interactive Technologies (GITS) enter on January 26, 2026?
On January 26, 2026, Global Interactive Technologies, Inc. entered into a definitive agreement for the official theme song of the animated feature The Legend of MegaRace, to be performed by ATEEZ.
What rights did GITS acquire under the MegaRace theme song agreement?
The company acquired ownership of the master recording and worldwide rights to distribute and commercially exploit the theme song in connection with the film and related promotional activities.
Were the financial terms of the MegaRace theme song agreement disclosed by GITS?
No. The company states that the financial terms were not material and therefore are not disclosed.
How did GITS communicate this agreement to the market?
On January 26, 2026, the company issued a press release announcing the agreement, which is furnished as Exhibit 99.1 under Regulation FD.
Is the GITS press release about the MegaRace theme song considered filed with the SEC?
The company specifies that the information under Item 7.01, including Exhibit 99.1, is furnished and not deemed “filed” for purposes of Section 18 of the Exchange Act.