Business Context and Reporting Period
This Form 8-K is a current report filed by Global Interactive Technologies, Inc. (GITS), a Delaware corporation headquartered in Seoul, Republic of Korea. The report covers events occurring between February 5, 2025, and February 10, 2025, regarding the company's listing status on The Nasdaq Stock Market LLC.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on regulatory compliance events.
Material Changes
- Delisting Notification: On February 5, 2025, the Company received a Determination Letter from Nasdaq staff indicating a failure to satisfy a continued listing rule or standard.
- Regained Compliance: On February 10, 2025, the Company received a Nasdaq Notice confirming it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2).
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on operations, or specific risk factors beyond the immediate context of the listing status. The primary contingency addressed was the potential delisting due to minimum bid price non-compliance, which has been resolved as of February 10, 2025.
Investor Verification Checklist
- Verify the current trading status of GITS on Nasdaq to confirm continued listing.
- Review the press releases filed as Exhibit 99.1 and 99.2 for details on the specific bid price thresholds met.
- Monitor future filings to ensure sustained compliance with Nasdaq Listing Rule 5550(a)(2).