Armistice Capital (GITS) discloses 9.99% beneficial ownership in Global Interactive
Rhea-AI Filing Summary
Global Interactive Technologies, Inc. reported that Armistice Capital, LLC and Steven Boyd, as joint reporting persons, beneficially own 407,791 shares of the company’s common stock, representing 9.99% of the class.
Armistice Capital is the investment manager of Armistice Capital Master Fund Ltd., the direct holder of the shares, and exercises voting and investment power over these securities under an Investment Management Agreement. Steven Boyd, as managing member of Armistice Capital, may also be deemed to beneficially own these shares. All voting and dispositive powers over the 407,791 shares are reported as shared, with no sole voting or dispositive power.
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Key Figures
Beneficially owned shares: 407,791 shares
Percent of class: 9.99%
Shared voting power: 407,791 shares
+3 more
6 metrics
Beneficially owned shares
407,791 shares
Common stock beneficially owned by Armistice Capital and Steven Boyd
Percent of class
9.99%
Percentage of Global Interactive Technologies common stock class
Shared voting power
407,791 shares
Shares over which reporting persons share voting power
Shared dispositive power
407,791 shares
Shares over which reporting persons share dispositive power
Par value per share
$0.001 per share
Par value of common stock of Global Interactive Technologies
CUSIP
411292204
CUSIP number for Global Interactive Technologies common stock
Key Terms
beneficially own, shared voting power, shared dispositive power, Investment Management Agreement, +1 more
5 terms
beneficially own financial
"Amount beneficially owned: 407,791"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Investment Management Agreement financial
"pursuant to an Investment Management Agreement, Armistice Capital exercises voting"
An investment management agreement is a written contract that hires a professional to make buying, selling and strategy decisions for an investment account or fund, and sets out their duties, fees, risk limits, performance measures and reporting requirements. It matters to investors because the agreement determines who controls the money, how much the service costs, what risks are allowed, and how success or failure is measured—think of it as the service contract that defines expectations and remedies for a hired portfolio manager.
Schedule 13G regulatory
"JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k)"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What percentage of GLOBAL INTERACTIVE TECHNOLOGIES (GITS) does Armistice Capital report owning?
Armistice Capital and Steven Boyd report beneficial ownership of 9.99% of Global Interactive Technologies’ common stock. This corresponds to 407,791 shares, as disclosed in the Schedule 13G ownership section.
AI-generated analysis. How Rhea-AI works. Not financial advice.