DelistingApr 17, 2026, 07:26 AM
GITS Receives Nasdaq Delisting Notice for Late 10-K Filing
AI Summary
Global Interactive Technologies, Inc. received a notice from Nasdaq on April 16, 2026, indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the untimely filing of its Annual Report on Form 10-K for the year ended December 31, 2025. The company has 60 calendar days from the notification date to submit a plan to regain compliance. GITS expects to file the Form 10-K promptly, and its common stock will continue to be listed and traded on Nasdaq during this grace period.
Key Highlights
- Received Nasdaq delisting notice on April 16, 2026.
- Failed to timely file Annual Report on Form 10-K for FY2025.
- Violated Nasdaq Listing Rule 5250(c)(1).
- Has 60 calendar days to submit a compliance plan.
- Common stock continues to trade during the grace period.