IPOs & Offerings

Global Interactive Technologies files resale registration for warrant shares

The Form S-1 seeks to register up to 2,185,792 common shares issuable through pre-funded warrants and common-stock warrants from a private placement that closed in June 2026.

By Carter Hayes ·

Key takeaways

  • Global Interactive Technologies filed a Form S-1 on July 29, 2026, covering the potential resale of up to 2,185,792 common shares issuable upon the exercise of two classes of Warr​
  • The underlying warrants were issued in a private placement that closed on June 29, 2026, following a securities purchase agreement dated June 25, 2026.
  • The company stated that the private placement generated approximately $2 million in gross proceeds before placement-agent fees and other estimated offering expenses.
  • The company said it has used and intends to use certain net proceeds to repay amounts under a convertible promissory note and for general corporate and working-capital purposes.

Registration statement covers potential resale

Global Interactive Technologies filed a preliminary Form S-1 prospectus to register up to 2,185,792 shares of common stock for resale by a selling stockholder. The total includes up to 1,092,896 shares issuable upon exercise of pre-funded warrants and up to 1,092,896 shares issuable upon exercise of common-stock warrants.

The filing is intended to meet the company’s contractual obligation to provide for resale by the selling stockholder. Registration does not require the selling stockholder to sell any shares, and the prospectus states that sales may occur from time to time after the registration statement becomes effective.

The company said it will not receive proceeds from sales of shares by the selling stockholder. It may receive proceeds if the pre-funded warrants or common-stock warrants are exercised for cash.

Private placement closed in June

The company and the selling stockholder entered into a securities purchase agreement on June 25, 2026. The related private placement closed on June 29, 2026.

Under the transaction, the company agreed to sell 1,092,896 shares of common stock, or pre-funded warrants in lieu of common shares, together with common-stock warrants to purchase up to 1,092,896 shares. The company reported gross proceeds of approximately $2 million before deducting placement-agent fees and other estimated offering expenses.

The company stated that it has used and intends to use certain net proceeds from the private placement to repay amounts owed under its convertible promissory note held by FirstFire Global Opportunities Fund, LLC, as well as for general corporate and working-capital purposes.

Warrant terms

The pre-funded warrants have an exercise price of $0.001 per common share. They are immediately exercisable and remain exercisable until fully exercised.

The common-stock warrants have an exercise price of $1.83 per warrant share, subject to adjustment. They become exercisable on the six-month anniversary of their issuance date and expire five and one-half years after the private placement closing.

Global Interactive Technologies’ common stock is listed on the Nasdaq Capital Market under the symbol GITS. The company reported a closing sale price of $2.18 on July 28, 2026.