Global Interactive Technologies Raises $2.0M in Private Placement
Global Interactive Technologies, Inc. announced a private placement agreement with an institutional investor to raise approximately $2.0 million in gross proceeds. The company will sell 1,092,896 shares of common stock (or pre-funded warrants) and an equal number of accompanying warrants. The combined purchase price for one share and one warrant is $1.83, with warrants exercisable at $1.83 per share after six months for a term of 5.5 years. The closing of the offering is anticipated around June 26, 2026.
Key Highlights
- Gross proceeds expected to be approximately $2.0 million from the offering.
- Sale of 1,092,896 shares of common stock (or pre-funded warrants).
- Sale of 1,092,896 accompanying warrants to an institutional investor.
- Combined purchase price of $1.83 per share of common stock and one warrant.
- Warrants exercisable at $1.83 per share, six months after issuance.
- Warrants have a term of 5.5 years.
- Offering expected to close on or about June 26, 2026.
Price Impact
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