Business Context and Reporting Period
Company: Global Interactive Technologies, Inc. (GITS)
Filing Type: Form 8-K (Current Report)
Date of Report: January 26, 2026
Reporting Period: Single event date (January 26, 2026)
Business Context: The Company, incorporated in Delaware with principal offices in Seoul, Republic of Korea, operates digital platforms and is an emerging growth company. This filing reports the entry into a material definitive agreement regarding intellectual property for an animated feature.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document explicitly states that the financial terms of the reported agreement were not material and are not disclosed.
Material Changes
Item 1.01 - Entry into a Material Definitive Agreement:
- Agreement Subject: Official theme song for the animated feature The Legend of MegaRace, performed by the group ATEEZ.
- Assets Acquired: Ownership of the master recording and worldwide rights to distribute and commercially exploit the recording in connection with the film and related promotional activities.
- Additional Provisions: Distribution of certain promotional content through the Company's owned digital platforms.
- Status: Contractual negotiations completed and all required approvals received.
Guidance, Outlook, and Risks
Management Commentary: The Company issued a press release (Exhibit 99.1) on January 26, 2026, announcing the agreement. The filing notes that the description of the agreement is qualified by reference to the full agreement text.
Financial Impact: Management stated the financial terms were not material.
Risks and Contingencies: No specific risks or contingencies were detailed in this filing beyond the standard disclaimer that the summary does not purport to be complete.
Investor Verification Checklist
- Verify the full text of the definitive agreement to understand specific royalty structures or performance obligations not disclosed in the 8-K.
- Confirm the release schedule and distribution strategy for The Legend of MegaRace to assess the timing of potential revenue recognition.
- Review the press release (Exhibit 99.1) for additional marketing details regarding the ATEEZ collaboration.
- Monitor future filings for any updates on the commercial performance of the theme song or the film.