8-K - Global Interactive Technologies, Inc. | StockGist

AI Analysis

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Global Interactive Technologies entered a 24-month equity purchase agreement with Hudson Global Ventures, securing the right to sell up to $18 million of common stock to enhance capital flexibility.

Key Takeaways

1The Company may sell up to $18,000,000 of common stock to the Investor over a 24-month term, providing significant potential capital access.

2The purchase price per share is set at a discount of approximately 93% of the applicable market price, which may result in shareholder dilution.

3The Investor's beneficial ownership is capped at 4.99% of outstanding common stock, limiting the maximum stake the Investor can acquire.

4The Company issued 100,360 initial commitment shares to the Investor as consideration for entering into the Agreement.

5The facility is subject to a registration statement being declared effective; the Company agreed to file within 60 days.

Current Report Details

Event Type

Material Agreement

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

Entry into a Material Definitive Agreement** ** ** On March 26, 2026, Global Interactive Technologies, Inc. (the “Company”) entered into an Equity Purchase Agre

Material Agreement

$18.0M

9.01

Financial Statements and Exhibits** ** ** (d) Exhibits | ● | Equity Purchase Agreement, dated March 26, 2026, by and between Global Interactive Technologies, In

Exhibits Only

Transaction Details

Material Agreement

Agreement: Equity Purchase Agreement
Parties: Global Interactive Technologies, Inc., Hudson Global Ventures, LLC

•Agreement dated March 26, 2026
•Maximum Commitment Amount of $18,000,000
•Term of up to 24 months
•Purchase price equal to approximately 93% of applicable market price
•Minimum put amount of $25,000
•Maximum put amount of the lesser of $2,000,000 or 150% of Average Daily Trading Value
•Beneficial Ownership Limitation of 4.99%
•Initial Commitment Shares of 100,360 shares
•Investor legal counsel fee of $20,000 paid by Company
•Registration statement filing required within 60 days
•Company restricted from entering other variable rate transactions for 12 months without consent
•Company restricted from entering other equity lines of credit for 24 months without consent

Exhibits (2)

EX-1

8-K