Business Context and Reporting Period
This Form 8-K is a Current Report filed by Global Interactive Technologies, Inc. (GITS) on May 21, 2026. The filing addresses a regulatory compliance issue regarding the company's listing status on The Nasdaq Stock Market LLC.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on regulatory compliance status rather than financial performance data.
Material Changes
- Delinquency Alert: On May 21, 2026, the company received a delinquency compliance alert from Nasdaq due to the failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2026.
- Prior Non-Compliance: This follows a previous notification on April 17, 2026, regarding the failure to file the Annual Report on Form 10-K for the period ended December 31, 2025.
- Listing Status: The company is currently not in compliance with Nasdaq Listing Rule 5250(c)(1), which mandates the timely filing of periodic financial reports.
Outlook, Risks, and Management Commentary
Compliance Plan and Deadlines:
- The company has a maximum of 180 calendar days from the due date of the initial delinquent filing to regain compliance, with a final deadline of October 12, 2026.
- Management intends to submit an update to its plan of compliance to Nasdaq no later than June 22, 2026.
Risks and Contingencies:
- Delisting Risk: Failure to meet the compliance deadlines may result in the delisting of the company's common stock from Nasdaq.
- Forward-Looking Statements: The company disclaims any obligation to update forward-looking statements regarding its compliance plan, noting they are subject to risks described in periodic SEC filings.
Investor Verification Checklist
- Verify the current filing status of the Form 10-K for the year ended December 31, 2025, and the Form 10-Q for the quarter ended March 31, 2026, on the SEC EDGAR database.
- Monitor the company's submission of the updated compliance plan to Nasdaq by the June 22, 2026 deadline.
- Review the press release furnished as Exhibit 99.1 for additional details on the company's response to the delinquency notice.
- Assess the risk of potential delisting if the October 12, 2026, final compliance deadline is not met.