other material
confidence high
sentiment neutral
materiality 0.30
Global Interactive converts $210K debt into 300K shares of common stock to related party
Global Interactive Technologies, Inc.
- Debt of $210,000 owed to Evan Trust (trustee Amy Shi, director) converted into 300,000 shares of common stock.
- Conversion price of $0.70 per share; stated to be below fair market value to enhance financial flexibility.
- Stock issuance not yet completed as of filing date; NASDAQ listing notification required.
- Transaction is a related-party deal; Amy Shi serves as director of the company.