Welcome to our dedicated page for Hanryu Holdings SEC filings (Ticker: HRYU), 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., formerly Hanryu Holdings, files SEC documents that record its public-company status, common stock registration activity, governance changes, and material events. The filings identify common stock registered on Nasdaq under the GITS symbol and include registration statements for common stock offerings, amended registration materials, and current reports on corporate developments.
The company’s 8-K filings document matters such as bylaw amendments, updates involving control and operations, IPO history, and Korean securities regulatory proceedings related to a prior private placement and registration-statement requirements. Its filing record also reflects smaller-reporting-company and emerging-growth-company style disclosure categories in offering documents, including capital structure, risk factors, use of proceeds, and management and governance information.
Global Interactive Technologies, Inc. reported a governance change and a board shake-up. The board amended the company’s Bylaws to add a provision allowing directors to be removed for cause in limited, specified circumstances, consistent with its Amended and Restated Certificate of Incorporation.
On the same date, the disinterested directors determined that cause existed to remove director Aram Ahn, citing failures in executing certain documents required in his role, and removed him from the board effective immediately. After this action, the board now has four directors.
Hanryu Holdings, Inc. (HRYU) is registering a securities offering that would sell up to 2,252,252 shares of common stock and up to 2,252,252 common warrants (and up to 2,252,252 pre-funded warrants in lieu of shares for purchasers limited by ownership caps). Each common unit is being offered with a Common Warrant exercisable for one share at an assumed $2.22 per share, expiring five years after issuance. The offering contemplates placement agent fees up to 6.0% of gross proceeds and estimated offering expenses disclosed (including FINRA filing fee $1,109.90; accountants $6,300; legal fees $70,000). Pro forma common shares outstanding after the offering could be up to 5,801,077 shares under stated assumptions. Net tangible book value per share was $0.27 as of June 30, 2025, rising to $0.95 as adjusted after the offering, implying dilution of $1.27 per share to new investors at the assumed $2.22 price. The prospectus describes Faning platform revenue models, product offerings, growth objectives, governance and risk factors affecting liquidity, operations, regulation and listing.
Hanryu Holdings, Inc. (HRYU) reported continuing-operation results and extensive corporate restructurings. The company recorded an operating loss of $1,240,399 and a net loss before taxes of $1,338,318 for the period ended June 30, 2025, and reported a working capital deficiency of $(489,886). Management performed impairment reviews and disclosed no impairment of software assets as of June 30, 2025.
The company completed major transactions in 2024 and 2025: it sold subsidiaries (recognizing a gain of $18,832,006 from disposal of three subsidiaries), acquired 100% of Faning Korea, LLC to pursue a new business, listed its shares on the Nasdaq Capital Market, and executed a 1-for-20 reverse stock split reducing issued shares from 52,808,589 to 2,640,402. The company wrote off short-term loan receivables of $16,179,823 for the fiscal year ended December 31, 2024. Lease cost of $115,519 was recorded for the six months ended June 30, 2025. Shares issued and outstanding were 3,548,825 as of June 30, 2025.