Global Interactive Technologies prices $2M private placement

Global Interactive Technologies, Inc. (NASDAQ: GITS) has entered into a securities purchase agreement with a single institutional investor in a private placement valued at approximately $2.0 million in gross proceeds, before deducting commissions and offering expenses.

According to the company's press release, the offering includes 1,092,896 shares of common stock, or pre-funded warrants in lieu thereof, along with 1,092,896 accompanying warrants. The combined purchase price of one share of common stock and one accompanying warrant is $1.83, set at the Minimum Price pursuant to Nasdaq Rule 5635(d). The combined purchase price of one pre-funded warrant and one accompanying warrant is $1.829.

The accompanying warrants carry an exercise price of $1.83 per share, become exercisable on the six-month anniversary of their issuance, and have a term of 5.5 years.

The closing of the offering is expected to occur on or about June 26, 2026, subject to customary closing conditions. D. Boral Capital LLC is acting as exclusive placement agent for the offering.

The securities are being offered under an exemption from registration pursuant to Section 4(a)(2) of the Securities Act of 1933 and/or Regulation D. The company has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the common stock and shares underlying the warrants.

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