Global Interactive Technologies announces 1-for-20 reverse stock split effective Jan 27, 2025

Global Interactive Technologies, Inc.

Reverse stock split at 1:20 ratio approved by board (Nov 20, 2024) and stockholders (Dec 30, 2024), effective 12:01am ET Jan 27, 2025.
Outstanding shares to reduce from ~52.81 million to ~2.64 million; no immediate dilution as each holder retains same percentage.
Split intended to meet Nasdaq $1.00 minimum bid price requirement; no guarantee of compliance.
Common stock continues trading under symbol 'GITS' on Nasdaq Capital Market with new CUSIP 411292204.
No fractional shares issued; holders otherwise entitled to fractional shares will receive cash in lieu thereof.

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