other_material
confidence high
sentiment neutral
materiality 0.15
GITS amends 8-K to disclose 2023 private placement of 462,847 shares at $10/share
Global Interactive Technologies, Inc.
- Issued 462,847 shares to 124 Korean investors between Apr 20 and Jul 31, 2023.
- Raised approx. KRW 5.92B (~$4,628,500) at ~$10.00 per share.
- Shares sold under Section 4(a)(2) and Regulation S as offshore exempt transaction.
- Amendment also updates KRW-to-USD conversion and adds Item 3.02 disclosure.
- Original 8-K reported SFC sanctions appeal; this filing clarifies exemption.
item 3.02