Welcome to our dedicated page for Global Interactive Technologies news (Ticker: GITS), a resource for investors and traders seeking the latest updates and insights on Global Interactive Technologies stock.
Global Interactive Technologies Inc (GITS) operates FANTOO, a leading social platform connecting k-culture enthusiasts through multimedia engagement. This page aggregates official announcements, financial disclosures, and strategic developments for investors and industry observers.
Key updates include: Earnings reports, product enhancements, partnership agreements, and technological advancements. Users gain centralized access to verified information impacting GITS's market position and FANTOO's growth.
Regular updates cover: Operational milestones, community initiatives, and platform innovations. Content is curated to support informed analysis of the company's performance in the competitive media-tech sector.
Bookmark this page for streamlined tracking of GITS's progress in fostering global digital communities and advancing social commerce solutions.
Global Interactive Technologies (NASDAQ:GITS), the media-tech company behind FANTOO, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq's Listing Qualifications Department on February 10, 2025, that it has met the necessary criteria by maintaining a share price above $1.00 for at least 10 consecutive business days, specifically from January 27 through February 7, 2025. This development ensures GITS will continue to be listed and traded on the Nasdaq exchange, resolving their previous bid price deficiency matter.
Global Interactive Technologies (NASDAQ:GITS), creator of FANTOO, received a determination letter from Nasdaq on February 5, 2025, regarding potential delisting. The company had until February 3, 2025, to meet the minimum bid price requirement of $1.00 per share for at least 10 consecutive business days. Despite implementing a reverse stock split on January 27, 2025, GITS achieved compliance on February 7, 2025, four days after the deadline.
Based on discussions with Nasdaq staff, the company expects confirmation of regained compliance, which would allow its common stock to continue trading on Nasdaq without interruption, eliminating the need for a delisting appeal.
Global Interactive Technologies (NASDAQ:GITS) has announced a 1-for-20 reverse stock split of its common stock, effective January 27, 2025, at 12:01am Eastern Time. This strategic move aims to maintain the company's Nasdaq listing by meeting the $1.00 minimum bid price requirement.
The company issued a correction to their January 22, 2025 press release, clarifying that stockholders entitled to fractional shares will receive cash payments instead of rounded-up shares. Trading will continue under the symbol 'GITS' with a new CUSIP number 411292204.
This decision follows approval from the board of directors on November 20, 2024, and subsequent shareholder approval on December 30, 2024. However, the company notes there is no guarantee of meeting the minimum bid requirement despite this action.
Global Interactive Technologies (NASDAQ:GITS) has announced a 1-for-20 reverse stock split effective January 27, 2025, at 12:01am Eastern Time. The split will automatically reclassify every 20 shares of common stock into one new share, with fractional shares being rounded up.
The company will continue trading on the Nasdaq Capital Market under the symbol 'GITS' with a new CUSIP number 411292204. The primary purpose of this reverse split is to achieve compliance with Nasdaq's $1.00 minimum bid price requirement to maintain listing, though compliance is not guaranteed.
This decision follows board approval on November 20, 2024, and subsequent shareholder approval on December 30, 2024, for a reverse split of up to 1-for-20 shares.
