GITS converts $172,666 in related-party debt into 246,666 shares at $0.70

Global Interactive Technologies, Inc.

$172,666 in principal from two notes with PixelArc (affiliate of director Amy Shi) converted into 246,666 common shares at $0.70/share.
Loans funded essential operating expenses ($86,666 at 8% interest, due March 2026) and Nasdaq listing fees ($86,000 interest-free, due May 2025).
Conversion price was below fair market value; board unanimously approved, citing best interests of the company and shareholders.
PixelArc reserved rights to receive equivalent or superior terms in future capital transactions and board observer rights while holding >5%.
Stock issuance under the conversion has not yet been completed as of the filing date.

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