Global Interactive Technologies, Inc. — Form S-1
Filed July 29, 2026 · analyzed by the Registration Agent
S-1
▲ Likely positive
significance 72/100
What the filing says
On June 29, 2026, Global Interactive Technologies (market cap ~$4.0M) closed a private placement with Armistice Capital Master Fund Ltd., issuing 1,092,896 pre-funded warrants (exercise price $0.001) and 1,092,896 common stock warrants (exercise price $1.83, exercisable in 6 months, expiring 5.5 years) for ~$2 million gross proceeds. Company filed this S-1 to register 2,185,792 shares for resale by the investor. Net proceeds (~$1.86M after 7% placement fee + $50K expenses) used to repay FirstFire convertible note and working capital. Pre-funded warrants exercisable immediately on cashless basis; common warrants subject to 4.99% beneficial ownership cap.
Why this rating
Raises ~50% of company size in critical liquidity; addresses going-concern doubt. Dilutive at 37% of public float but near-term survival asset.
Extracted items
- 2.02 results / earnings
- 7.01 Reg FD disclosure
- 9.01 exhibits
See more from July 29, 2026.
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