Global Interactive Technologies Inc. Announces Debt Conversion of $172,666 into Equity Shares to Enhance Financial Flexibility

Reuters

05-23

<a href="https://laohu8.com/S/GITS">Global Interactive Technologies Inc.</a> Announces Debt Conversion of $172,666 into Equity Shares to Enhance Financial Flexibility

Global Interactive Technologies Inc. announced a significant financial maneuver involving the conversion of debt into equity. The company executed a formal Notice of Conversion, allowing the transformation of $172,666 in principal from two promissory notes into 246,666 shares of common stock at a conversion price of $0.70 per share. This strategic move, aimed at enhancing financial flexibility, involves loans initially extended by PixelArc, LLC, a company in which Amy Xianglin Shi, a director of Global Interactive, holds an interest. The conversion was approved by the Board of Directors and is designed to support the company's financial health without constituting equity compensation for Ms. Shi. The stock issuance resulting from this conversion is pending completion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Global Interactive Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-046902), on May 22, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Global Interactive Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-046902), on May 22, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4077","symbol_name":"互動媒體與服務","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250522:nNDL5vNlsh:1","article_id":"2537927766","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537927766","pubTimestamp":1747947944,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Global Interactive Technologies Inc. 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