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.

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