Global Interactive Technologies, Inc. (GITS): Nasdaq/NYSE listing notice — GITS regains Nasdaq compliance after receiving delisting notice for bid price rule

Global Interactive Technologies, Inc.

On Feb 5, 2025, Nasdaq issued a Determination Letter to delist GITS for failing to meet the $1 minimum bid price by Feb 3 deadline.
Company effected a reverse stock split on Jan 27, 2025, but the 10 consecutive business day condition was only met on Feb 7, after the deadline.
On Feb 10, 2025, Nasdaq confirmed GITS regained compliance as the bid price stayed above $1 from Jan 27 through Feb 7.
GITS common stock will continue trading on Nasdaq without interruption; no appeal needed.
Company is a media-tech creator of FANTOO, a social media platform for K-culture fans.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.7

Global Interactive Technologies, Inc. received a nasdaq delisting notice notice.

Exchange: nasdaq
Notice: delisting notice

Exact text from the filing

February 5, 2025, Global Interactive Technologies, Inc., a Delaware corporation (the “ Company ”), received a notification letter (the “ Determination Letter ”) from the staff at the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”). On February 10, 2025, the Company issued a press release announcing its receipt of the Determination Letter. The press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

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Global Interactive Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-25-011753

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