SHARE CAPITAL |
12 Months Ended |
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Dec. 31, 2025 | |
| Equity [Abstract] | |
| SHARE CAPITAL | NOTE 14 — SHARE CAPITAL
As of December 31, 2025 and December 31, 2024, Global Interactive Technologies’ total authorized capital stock is 110,000,000 shares, consisting of shares of Common Stock, par value $ per share, and shares of undesignated preferred stock, par value $ per share.
On January 27, 2025, the Company effected a 1-for-20 reverse stock split of its issued and outstanding common shares. As a result of the reverse stock split, every 20 shares of the Company’s issued and outstanding common stock were combined into one share, reducing the total number of issued shares from to . The par value per share is $. All share and per-share amounts in the accompanying consolidated financial statements and related notes have been retroactively adjusted to reflect the reverse stock split for all periods presented.
On March 19, 2025, the Company issued shares of Common Stock at a price of $ per share in connection with the conversion of $210,000 of debt owed to Evan Trust.
On May 7, 2025, the Company issued shares of Common Stock at a price of $1.19 per share, plus warrants to purchase shares of Common Stock at an exercise price of $1.29 per share, expiring on the fifth anniversary of the issuance date, in connection with the conversion of $105,444 of debt owed to Hangmuk Shin.
On May 7, 2025, the Company issued shares of Common Stock at a price of $1.27 per share, plus warrants to purchase shares of Common Stock at an exercise price of $1.42 per share, expiring on the fifth anniversary of the issuance date, in connection with the conversion of $175,205 of debt owed to Jeyoun Baeg.
On May 7, 2025, the Company issued shares of Common Stock at a price of $ per share, plus warrants to purchase 125,383 shares of Common Stock at an exercise price of $1.42 per share, expiring on the fifth anniversary of the issuance date, in connection with the conversion of $175,205 of debt owed to Jungok You. On August 19, 2025, warrants totaling $178,044 were exercised for cash at an exercise price of $1.42 per share, resulting in the issuance of shares of Common Stock.
On May 20, 2025, the Company issued shares of Common Stock at a price of $0.7 per share in connection with the conversion of $172,666 of debt owed to PixelArc LLC.
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