secwatch.observer — SEC 8-K summary
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Issuer:     Global Interactive Technologies, Inc. (GITS)
CIK:        0001911545
Form:       8-K
Filed at:   2025-02-10T23:59:59+00:00
Accession:  0001213900-25-011753
Event type: regulatory
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GITS regains Nasdaq compliance after receiving delisting notice for bid price rule
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1911545/000121390025011753/0001213900-25-011753-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1911545/000121390025011753/ea0230503-8k_global.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-011753

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