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.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Global Interactive Technologies, Inc.: Certificate of Amendment filed to effect a 1-for-20 reverse stock split of common stock, effective January 27, 2025 (effective 2025-01-27).

Change: charter amendment
Effective: 2025-01-27

Exact text from the filing

On January 10, 2025, the Company filed a Certificate of Amendment (the “Certificate of Amendment”) to the Company’s Amended and Restated Certificate of Incorporation, as previously amended (“Certificate of Incorporation”), with the Secretary of State of the State of Delaware, to effect a Reverse Stock Split of the Company’s Common Stock, at a rate of 1-for-20 effective as of January 27, 2025.

View on SEC.gov

42 governance changes filed in the last 30 days. Browse all governance changes →

Global Interactive Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-005691

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.