other material
confidence high
sentiment neutral
materiality 0.50
Global Interactive Technologies enters $18M equity purchase agreement with Hudson Global Ventures
Global Interactive Technologies, Inc.
- Company may sell up to $18M of common stock to Hudson Global Ventures at ~93% of market price.
- Term up to 24 months; beneficial ownership capped at 4.99%.
- Registration statement covering resale must be filed within 60 days.
- Initial commitment shares issued; company may seek alternative financing as well.
- Facility is discretionary and intended to enhance capital flexibility.