---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-063755"
form_type: "8-K"
ticker: "GITS"
cik: "0001911545"
company_name: "Global Interactive Technologies, Inc."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:31:42.958838+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hanryu Holdings closes IPO of 877,328 shares at $10.00, raising $8.8M gross

## Summary
- IPO of 877,328 shares closed on August 3, 2023; stock began trading on Nasdaq under HRYU on August 1.
- Gross proceeds $8.8M; net proceeds approximately $6.8M after underwriting discounts and expenses.
- Underwriter Aegis Capital Corp. has 45-day option to purchase up to 131,599 additional shares.
- Proceeds to be used for working capital, engineering, sales & marketing, and capital expenditures.

## SEC filing metadata
- accession: 0001213900-23-063755
- form_type: 8-K
- ticker: GITS
- cik: 0001911545
- company_name: Global Interactive Technologies, Inc.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1911545/000121390023063755/0001213900-23-063755-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1911545/000121390023063755/ea182919-8k_hanryuhold.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-063755
- JSON: https://secwatch.observer/filing/0001213900-23-063755.json
- Plain text: https://secwatch.observer/filing/0001213900-23-063755.txt

## Key facts
- Material Agreements
  Global Interactive Technologies, Inc. entered into Underwriting Agreement with Aegis Capital Corp. valued at Offering price $10.00 per share; 877,328 shares sold; option for up to 131,599 additional shares; ne (effective 2023-07-31).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Aegis Capital Corp.
  - Value: Offering price $10.00 per share; 877,328 shares sold; option for up to 131,599 additional shares; ne
  - Effective: 2023-07-31
  source text: On July 31, 2023, in connection with the IPO, the Company entered into an underwriting agreement (the “ Underwriting Agreement ”) with Aegis Capital Corp. (the “ Underwriter ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1911545/000121390023063755/0001213900-23-063755-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.