secwatch.observer — SEC 8-K summary
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Issuer:     Global Interactive Technologies, Inc. (GITS)
CIK:        0001911545
Form:       8-K
Filed at:   2025-03-18T23:59:59+00:00
Accession:  0001013762-25-000590
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Global Interactive converts $210K debt into 300K shares of common stock to related party
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1911545/000101376225000590/0001013762-25-000590-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1911545/000101376225000590/ea0234733-8k_global.htm
  HTML page:      https://secwatch.observer/filing/0001013762-25-000590

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