Business Context and Reporting Period
This Form 8-K is filed by Global Interactive Technologies, Inc. (GITS), a Delaware corporation with principal executive offices in Seoul, Republic of Korea. The report covers events occurring between April 24, 2025, and April 30, 2025, with the filing date of May 5, 2025.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report addresses regulatory compliance status rather than financial performance metrics.
Material Changes
- Delisting Notice: On April 24, 2025, the Company received a notification from Nasdaq stating it failed to timely file its Annual Report on Form 10-K for the year ended December 31, 2024, violating Nasdaq Listing Rule 5250(c)(1).
- Compliance Restoration: On April 30, 2025, the Company filed the delinquent Form 10-K. Nasdaq subsequently notified the Company that it is now in compliance with listing rules.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of new risks beyond the temporary listing compliance issue. The primary contingency addressed was the potential delisting due to the late filing, which has been resolved.
Investor Verification Checklist
- Verify the content of the Form 10-K for the year ended December 31, 2024, which was filed late on April 30, 2025.
- Confirm the Company's continued good standing on The Nasdaq Stock Market LLC following the April 30, 2025 compliance notice.
- Review the attached Press Release (Exhibit 99.1) dated May 5, 2025, for additional public disclosures regarding the listing status.