Global Interactive Technologies, Inc. (GITS): debt financing — GITS issues $550K convertible note to FirstFire; 9% interest, 15% conversion discount

Global Interactive Technologies, Inc.

Net proceeds $506,000 after $44,000 OID; note matures in 12 months.
Upon default, conversion price set at 85% of 15-day VWAP (15% discount).
Default penalty increases principal by 25% plus $5,000/month.
Buyer received piggyback registration rights; note unregistered under Section 4(a)(2)/Reg D.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Global Interactive Technologies, Inc. incurred loan of $550,000.00 with FirstFire Global Opportunities Fund, LLC at 9% per annum maturing 12 months after issuance.

Instrument: loan
Principal: $550,000.00
Counterparty: FirstFire Global Opportunities Fund, LLC
Rate: 9% per annum
Maturity: 12 months after issuance
Event: incurrence

Exact text from the filing

On April 22, 2026, Global Interactive Technologies, Inc. (the "Company") closed a Securities Purchase Agreement (the "Purchase Agreement") with FirstFire Global Opportunities Fund, LLC ("FirstFire"), in connection with a private placement offering of a convertible promissory note in the original principal amount of $550,000.00 (the "Note").

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Global Interactive Technologies, Inc. issued convertible note to FirstFire Global Opportunities Fund, LLC for $550,000.00.

Security: convertible note
Purchaser: FirstFire Global Opportunities Fund, LLC
Consideration: $550,000.00

Exact text from the filing

in connection with a private placement offering of a convertible promissory note in the original principal amount of $550,000.00

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Global Interactive Technologies, Inc. entered into Purchase Agreement with FirstFire Global Opportunities Fund, LLC valued at $550,000.00 (effective 2026-04-22).

Action: entry
Agreement: notes offering
Counterparty: FirstFire Global Opportunities Fund, LLC
Value: $550,000.00
Effective: 2026-04-22

Exact text from the filing

On April 22, 2026, Global Interactive Technologies, Inc. (the “Company”) closed a Securities Purchase Agreement (the “Purchase Agreement”) with FirstFire Global Opportunities Fund, LLC (“FirstFire”), in connection with a private placement offering of a convertible promissory note in the original principal amount of $550,000.00 (the “Note”).

View on SEC.gov

41 debt financings filed in the last 30 days. Browse all debt financings →

Global Interactive Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-019254

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