Global Interactive Technologies Faces Delisting Concerns

TL;DR

Global Interactive Technologies might be delisted - big trouble ahead.

AI Summary

Global Interactive Technologies, Inc. (formerly Hanryu Holdings, Inc.) filed an 8-K on February 10, 2025, reporting events as of February 5, 2025. The filing indicates a notice of delisting or failure to meet continued listing rules, a transfer of listing, and other events, including financial statements and exhibits.

Why It Matters

This filing signals potential delisting from an exchange, which could significantly impact the company's stock liquidity and investor confidence.

Risk Assessment

Risk Level: high — The filing explicitly mentions a notice of delisting or failure to satisfy continued listing rules, indicating a significant risk to the company's exchange status.

Key Players & Entities

• Global Interactive Technologies, Inc. (company) — Registrant
• Hanryu Holdings, Inc. (company) — Former company name
• February 5, 2025 (date) — Date of earliest event reported
• February 10, 2025 (date) — Filing date

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share GITS The Nasdaq Stock Mar

Filing Documents

• ea0230503-8k_global.htm (8-K) — 28KB
• ea023050301ex99-1_global.htm (EX-99.1) — 8KB
• ea023050301ex99-2_global.htm (EX-99.2) — 7KB
• 0001213900-25-011753.txt ( ) — 220KB
• gits-20250205.xsd (EX-101.SCH) — 3KB
• gits-20250205_lab.xml (EX-101.LAB) — 33KB
• gits-20250205_pre.xml (EX-101.PRE) — 22KB
• ea0230503-8k_global_htm.xml (XML) — 4KB

01. Notice of Delisting or Failure to Satisfy a Continued

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On February 5, 2025, Global Interactive Technologies, Inc., a Delaware corporation (the " Company "), received a notification letter (the " Determination Letter ") from the staff at the Listing Qualifications Department (the " Staff ") of The Nasdaq Stock Market LLC (" Nasdaq "). On February 10, 2025, the Company issued a press release announcing its receipt of the Determination Letter. The press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01. Other Events

Item 8.01. Other Events. On February 10, 2025, the Company received a notification letter (the " Nasdaq Notice ") from the Staff notifying that the Company has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. On February 10, 2025, the Company issued a press release announcing the receipt of the Nasdaq Notice. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release, dated February 10, 2025 entitled "Global Interactive Technologies, Inc. Announces its Receipt of Determination Letter from Nasdaq." 99.2 Press Release, dated February 10, 2025 entitled "Global Interactive Technologies, Inc. Regains Compliance with Nasdaq's Minimum Bid Price Requirement." 104 Cover Page Interactive Data File (Embedded within the Inline XBRL document) 1

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Global Interactive Technologies, Inc. Date: February 10, 2025 By: /s/ Taehoon Kim Name: Taehoon Kim Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR