Loan & DebtApr 28, 2026, 08:37 AM
GITS Secures $550K Convertible Note from Firstfire Global Opportunities
AI Summary
Global Interactive Technologies, Inc. (GITS) entered into a Securities Purchase Agreement with Firstfire Global Opportunities Fund, LLC to issue a convertible promissory note with an aggregate principal amount of $550,000.00. The buyer paid a purchase price of $506,000.00, after withholding fees for legal, due diligence, and the placement agent. The proceeds from this financing will be allocated towards business development and general working capital.
Key Highlights
- GITS secured a $550,000.00 convertible promissory note.
- Firstfire Global Opportunities Fund, LLC purchased the note.
- The purchase price paid by the buyer was $506,000.00.
- Buyer withheld $5,000.00 for its legal fees.
- Buyer withheld $5,000.00 for its due diligence fees.
- Buyer withheld $35,420.00 for Placement Agent fees.
- Proceeds will be used for business development and general working capital.
- The note is convertible into GITS common stock.
Price Impact
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