US Market News
3週前
Global Interactive Technologies, Inc. Announces Receipt of a Delinquency Compliance Alert Notice from NasdaqMay 22, 2026 5:55 PM
ACCESS NewswireSEOUL, KR / ACCESS Newswire / May 22, 2026 / Global Interactive Technologies, Inc. (NASDAQ:GITS) (the "Company"), today announced that, on May 21, 2026, it received a delinquency compliance alert notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") advising the Company that due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026 and because the Company remains delinquent in filing its Form 10-K for the year ended December 31, 2025 (the "Form 10-K") with the Securities and Exchange Commission (the "SEC"), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic reports with the SEC.The Company has not yet filed its Form 10-K with the SEC. As a result, any additional Staff exception to allow the Company to regain compliance with all delinquent filings is limited to a maximum of 180 calendar days from the due date of the Form 10-K, or October 12, 2026. Additionally, the Company must submit an update by no later than June 22, 2026 to its original plan to regain compliance with respect to the filing requirement. The Company intends to submit an update to its plan of compliance to Nasdaq no later than June 22, 2026.About Global Interactive Technologies, Inc.Global Interactive Technologies, Inc. is a digital media and technology company focused on fan engagement and fandom economy through its multi-platform ecosystem, including Faning, a global platform that connects K-pop and broader K-culture fans through shared interests, content, and community experiences. For more information, please visit the Company's website at www.gitechnologies.com.Forward-Looking StatementsThis press release contains forward-looking statements as defined under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, formulated in accordance with the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. These statements, reflecting the Company's beliefs about its future compliance with Nasdaq listing standards, including its anticipated submission of an update of its plan of compliance to Nasdaq, employ terms like ‘believes,' ‘estimates,' ‘anticipates,' ‘expects,' ‘plans,' ‘projects,' ‘intends,' ‘potential,' ‘target,' ‘aim,' ‘predict,' ‘outlook,' 'seek,' ‘goal,' ‘objective,' ‘assume,' ‘contemplate,' ‘continue,' ‘positioned,' ‘forecast,' ‘likely,' ‘may,' ‘could,' ‘might,' ‘will,' 'should,' ‘approximately,' and similar expressions to convey the uncertainty of future events or outcomes. These forward-looking statements are based on the Company's current expectations, assumptions, and projections. Additionally, these statements are subject to a multitude of known and unknown risks, uncertainties, and other variables that could significantly diverge the Company's actual results from those depicted in any forward-looking statement. Because of these and other risks, uncertainties and assumptions, undue reliance should not be placed on these forward-looking statements. In addition, these statements speak only as of the date of this press release and, except as may be required by law, the Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.Company Contact:Global Interactive Technologies, Inc.
Taehoon Kim
tkc@gitechnologies.comInvestor Contact:Global Interactive Technologies, Inc.
Taehoon Kim
tkc@gitechnologies.comSOURCE: Global Interactive Technologies, Inc.View the original press release on ACCESS NewswireOriginal: Global Interactive Technologies, Inc. Announces Receipt of a Delinquency Compliance Alert Notice from Nasdaq
US Market News
2月前
Global Interactive Technologies, Inc. Announces Receipt of a Delinquency Compliance Alert Letter from NasdaqApril 17, 2026 7:00 AM
ACCESS NewswireSEOUL, KR / ACCESS Newswire / April 17, 2026 / Global Interactive Technologies, Inc. (NASDAQ:GITS) (the "Company") announced that on April 16, 2026, it received a delinquency compliance alert letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") advising the Company that, because the Company did not timely file its Annual Report on Form 10-K for the year ended December 31, 2025 with the Securities and Exchange Commission (the "SEC"), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic reports with the SEC.Under Nasdaq rules, the Company has 60 calendar days from the date of the Nasdaq notification letter to submit to Nasdaq a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1). The Company expects to file the Form 10-K promptly to regain compliance with Nasdaq Listing Rule 5250(c)(1). The Company's common stock will continue to be listed and traded on The Nasdaq Stock Market during the 60-day grace period, subject to the Company's compliance with Nasdaq's other continued listing requirements.About Global Interactive Technologies, Inc.
Global Interactive Technologies, Inc. is a digital media and technology company focused on fan engagement and fandom economy through its multi-platform ecosystem, including Faning, a global platform that connects K-pop and broader K-culture fans through shared interests, content, and community experiences. For more information, please visit the Company's website at www.gitechnologies.com.Forward-Looking Statements
This announcement contains forward-looking statements as defined under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, formulated in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements, reflecting the Company's projections about its future financial and operational performance, employ terms like "believes," "estimates," "anticipates," "expects," "plans," "projects," "intends," "potential," "target," "aim," "predict," "outlook," "seek," "goal," "objective," "assume," "contemplate," "continue," "positioned," "forecast," "likely," "may," "could," "might," "will," "should," "approximately," and similar expressions to convey the uncertainty of future events or outcomes. These forward-looking statements are based on the Company's current expectations, assumptions, and projections, involving judgments about future economic conditions, competitive landscapes, market dynamics, and business decisions, many of which are inherently challenging to predict accurately and are largely beyond the Company's control. Additionally, these statements are subject to a multitude of known and unknown risks, uncertainties, and other variables that could significantly diverge the Company's actual results from those depicted in any forward-looking statement. Because of these and other risks, uncertainties and assumptions, undue reliance should not be placed on these forward-looking statements. In addition, these statements speak only as of the date of this press release and, except as may be required by law, the Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.Company Contact:
Global Interactive Technologies, Inc.
Taehoon Kim
tkc@gitechnologies.com Investor Contact:
Global Interactive Technologies, Inc.
Taehoon Kim
tkc@gitechnologies.comSOURCE: Global Interactive Technologies, Inc.View the original press release on ACCESS NewswireOriginal: Global Interactive Technologies, Inc. Announces Receipt of a Delinquency Compliance Alert Letter from Nasdaq
US Market News
2月前
Global Interactive Technologies Secures Up to $18 Million Strategic Capital Facility to Support Growth InitiativesMarch 30, 2026 11:00 AM
ACCESS NewswireGlobal Interactive Technologies, Inc. (NASDAQ: GITS) today announced that it has entered into a strategic capital facility of up to $18 million through an equity purchase agreement with Hudson Global Ventures, LLC.SEOUL, KR / ACCESS Newswire / March 30, 2026 / Global Interactive Technologies, Inc. (NASDAQ:GITS) (the "Company"), an entertainment technology company focused on digital platforms and fan engagement, today announced that it has entered into a strategic capital facility of up to $18 million through an equity purchase agreement with Hudson Global Ventures, LLC.The facility provides the Company with on-demand access to capital, enabling it to align funding with market conditions and operational priorities while maintaining flexibility in execution. The Company has full discretion over the timing and amount of any capital utilization, subject to the terms of the agreement."This transaction represents an important step in strengthening our financial position," said Taehoon Kim, Chief Executive Officer of Global Interactive Technologies. "We now have the ability to access capital as needed, allowing us to support our operations and growth initiatives."The structure allows the Company to access capital over time, supporting a disciplined approach to funding while preserving strategic optionality. The Company believes this flexible financing framework enhances its ability to pursue value-generating initiatives and respond to market opportunities. The Company expects that the availability of this capital will support the continued development of its digital platforms and user engagement.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the Company's ability to access capital, anticipated use of proceeds, and future growth initiatives. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. The Company undertakes no obligation to update any forward-looking statements except as required by law.About Global Interactive Technologies, Inc.Global Interactive Technologies, Inc. (NASDAQ:GITS) is an entertainment technology company focused on developing digital platforms for fan engagement, content distribution, and interactive online experiences.Company Contact:Global Interactive Technologies, Inc.
Taehoon Kim
tkc@gitechnologies.comInvestor Contact:Global Interactive Technologies, Inc.
Taehoon Kim
tkc@gitechnologies.comSOURCE: Global Interactive Technologies, Inc.View the original press release on ACCESS NewswireOriginal: Global Interactive Technologies Secures Up to $18 Million Strategic Capital Facility to Support Growth Initiatives
US Market News
4月前
Global Interactive Technologies, Inc. Expands Music IP Portfolio with Key Artist AgreementsFebruary 2, 2026 8:30 AM
ACCESS NewswireSEOUL, KR / ACCESS Newswire / February 2, 2026 / Global Interactive Technologies, Inc. (NASDAQ:GITS) - Global Interactive Technologies, Inc. ("GITS"), a digital media and intellectual property company, announced today that it has entered into definitive agreements with K-pop star Kang Daniel for the production and performance of official theme songs for the upcoming animated feature, The Legend of MegaRace. Pursuant to the agreements, GITS has acquired ownership and control of the master recordings, along with worldwide distribution and usage rights for each song. GITS will oversee global release strategies and the commercial rollout of the official soundtrack across both digital and physical platforms."A powerhouse soloist with over 2 million albums sold, Kang Daniel first skyrocketed to international fame as the 'Nation's Center' of the mega-hit K-pop group Wanna One," the company stated. "Now a seasoned singer-songwriter and world-class performer who has made his mark on Billboard's World Digital Song Sales chart, he continues to redefine his legacy. Beyond music, the Guinness World Record holder has expanded his repertoire as a charismatic TV host and lead actor, proving his versatility as a global multi-hyphenate."In connection with the planned release of The Legend of MegaRace, select promotional materials related to the additional theme songs are expected to be distributed through Faning, GITS's global fandom platform."These agreements reflect GITS's continued focus on strict music IP ownership and controlled distribution," a GITS representative said. "By collaborating with a top-tier K-pop star for this animated project, we are taking a structured, long-term approach to building music assets that support scalable content commercialization."The company noted that these additional artist collaborations complement previously announced agreements and are consistent with its broader strategy to expand proprietary intellectual property across animation-related music and content assets.About Global Interactive Technologies, Inc.Global Interactive Technologies, Inc. (NASDAQ:GITS) is an entertainment technology company focused on developing digital platforms for fan engagement, content distribution, and interactive online experiences.About FaningFaning is a digital fandom platform that provides official fan clubs, virtual events, and interactive features enabling artists and fans to connect through structured online experiences.Company Contact:Global Interactive Technologies, Inc.
Taehoon Kim
tkc@gitechnologies.comInvestor Contact:Global Interactive Technologies, Inc.
Taehoon Kim
tkc@gitechnologies.comSOURCE: Global Interactive Technologies, Inc.View the original press release on ACCESS NewswireOriginal: Global Interactive Technologies, Inc. Expands Music IP Portfolio with Key Artist Agreements
US Market News
4月前
Global Interactive Technologies, Inc. Announces Agreement with ATEEZ for Animated Feature Theme SongJanuary 26, 2026 1:30 PM
ACCESS NewswireGITS acquires master and global distribution rights to the theme song performed by ATEEZ for their animated IP, and launches a worldwide promotion for The Legend of MegaRace and ATEEZ content.SEOUL, KR / ACCESS Newswire / January 26, 2026 / Global Interactive Technologies, Inc. ("GITS"), a NASDAQ-listed digital media and intellectual property company, announced today that it has come to an agreement with globally recognized K-pop group ATEEZ regarding the production and performance of the official theme song for the upcoming animated feature The Legend of MegaRace.Under the agreement, GITS has acquired full ownership and complete control of the master recordings, along with worldwide distribution, usage, and commercial exploitation rights tied to the theme song. Through this deal, GITS will oversee global release strategies, soundtrack distribution, and licensing activities across digital and physical platforms.In connection with the global release of The Legend of MegaRace, GITS plans to roll out an international promotional campaign centered around ATEEZ's participation. Promotional content, including official music-related materials and behind-the-scenes footage, will be distributed through Faning, GITS's global fandom platform."This agreement reflects GITS's continued focus on strict IP ownership and controlled distribution," a GITS representative said. "Collaborating with a globally influential artist such as ATEEZ supports our objective to expand international reach while maintaining a structured, long-term approach to content commercialization."ATEEZ's participation is expected to significantly elevate global visibility for The Legend of MegaRace across key markets, including North America, Europe, and Asia. GITS believes that pairing a globally recognized artist with its integrated distribution and promotion framework will strengthen worldwide audience engagement in a manner that upholds governance standards expected of a publicly listed company.The company noted that the agreement is consistent with its broader strategy to expand proprietary intellectual property across animation and music, while collaborating with high-profile global artists in a manner that supports scalable promotion and diversified monetization over time.Company Contact:Global Interactive Technologies, Inc.
Taehoon Kim
tkc@gitechnologies.comInvestor Contact:Global Interactive Technologies, Inc.
Taehoon Kim
tkc@gitechnologies.comSOURCE: Global Interactive Technologies, Inc.View the original press release on ACCESS NewswireOriginal: Global Interactive Technologies, Inc. Announces Agreement with ATEEZ for Animated Feature Theme Song