---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-046902"
form_type: "8-K"
ticker: "GITS"
cik: "0001911545"
company_name: "Global Interactive Technologies, Inc."
filed_at: "2025-05-22T23:59:59+00:00"
generated_at: "2026-05-20T18:56:37.543727+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001213900-25-046902
- form_type: 8-K
- ticker: GITS
- cik: 0001911545
- company_name: Global Interactive Technologies, Inc.
- filed_at: 2025-05-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 2.04, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1911545/000121390025046902/0001213900-25-046902-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1911545/000121390025046902/ea0243224-8k_globalint.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-046902
- JSON: https://secwatch.observer/filing/0001213900-25-046902.json
- Plain text: https://secwatch.observer/filing/0001213900-25-046902.txt

## Key facts
- Debt Financings
  Global Interactive Technologies, Inc. incurred loan of $86,000 with PixelArc, LLC at interest-free maturing May 15, 2025.
  - Instrument: loan
  - Principal: $86,000
  - Counterparty: PixelArc, LLC
  - Rate: interest-free
  - Maturity: May 15, 2025
  - Event: incurrence
  source text: On April 18, 2025, the Company executed a second Promissory Note (the “April 2025 Note”) payable to PixelArc, evidencing a short-term, interest-free loan of $86,000 used to satisfy outstanding Nasdaq listing fees and maintain the Company’s continued listing. The note matured on May 15, 2025, and contains the same late fee and default interest terms as the February 2025 Note.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1911545/000121390025046902/0001213900-25-046902-index.htm
- Debt Financings
  Global Interactive Technologies, Inc. incurred loan of $86,660 with PixelArc, LLC at 8% per annum maturing March 14, 2026.
  - Instrument: loan
  - Principal: $86,660
  - Counterparty: PixelArc, LLC
  - Rate: 8% per annum
  - Maturity: March 14, 2026
  - Event: incurrence
  source text: The February 2025 Note evidences a loan of $86,660 extended by PixelArc to support essential operating obligations during a period of limited liquidity. The note accrues interest at 8% per annum, has a maturity date of March 14, 2026, and includes a 5% late fee and 12% default interest rate, along with customary default provisions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1911545/000121390025046902/0001213900-25-046902-index.htm
- Debt Financings
  Global Interactive Technologies, Inc. faced acceleration on loan of $172,666 with PixelArc, LLC.
  - Instrument: loan
  - Principal: $172,666
  - Counterparty: PixelArc, LLC
  - Event: acceleration
  source text: On May 20, 2025, PixelArc delivered a formal Notice of Conversion to the Company, pursuant to which the combined $172,666 in principal under the February and April 2025 Notes will be converted into 246,666 shares of the Company’s common stock at a price of $0.70 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1911545/000121390025046902/0001213900-25-046902-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.