Business Context and Reporting Period
Company: Global Interactive Technologies, Inc. (GITS)
Filing Type: Form 8-K (Current Report)
Date of Report: August 20, 2026
Reporting Period: The filing addresses a compliance issue regarding the Quarterly Report on Form 10-Q for the quarter ended June 30, 2026.
Key Financial Metrics
This filing is a regulatory notice regarding listing compliance and does not contain financial performance data. The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- Delisting Notice: On August 20, 2026, the Company received a notification from The Nasdaq Stock Market LLC stating it failed to timely file its Form 10-Q for the quarter ended June 30, 2026, violating Nasdaq Listing Rule 5250(c)(1).
- Trading Status: The Company's common stock will continue to be listed and traded on Nasdaq during the 60-day grace period, subject to compliance with other listing requirements.
Guidance, Outlook, and Risks
- Compliance Plan: The Company has 60 calendar days from the notification date to submit a plan to regain compliance. If accepted, Nasdaq may grant an exception of up to 180 calendar days from the original due date (extending to February 16, 2027).
- Management Expectation: Management expects to file the overdue Form 10-Q promptly to regain compliance.
- Risks: Failure to regain compliance within the specified timeframe could result in delisting. The filing includes standard forward-looking statement disclaimers regarding the anticipated filing of the Form 10-Q.
Investor Verification Checklist
- Verify the submission date of the overdue Form 10-Q for the quarter ended June 30, 2026.
- Confirm the Company's formal compliance plan submitted to Nasdaq within the 60-day window.
- Monitor Nasdaq's decision on whether to grant the 180-day extension for compliance.
- Review the content of the attached press release (Exhibit 99.1) for additional details on the delay.