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CORRECTION: Global Interactive Technologies, Inc. Announces 1-for-20 Reverse Stock Split

1. Corrects misinformation on fractional shares in Reverse Stock Split announcement. 2. Fractional shares will receive cash payments instead of rounding up.

Stock Split
-23.75%Current Return
VS
+0.55%S&P 500
$0.170501/23 12:32 AM EDTEvent Start
$0.1301/24 07:11 AM EDTLatest Updated
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FAQ

Why Neutral?

The correction clarifies a potentially misleading statement, having minimal direct market effect.

How important is it?

While significant, the error's correction has limited implications on GITS long-term value.

Why Short Term?

The immediate clarification could stabilize market reactions, influencing prices briefly.

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Explanatory Note The press release we issued in the evening of January 22, 2025, inadvertently contained an error by incorrectly stating that no fractional shares will be issued in connection with the Reverse Stock Split and all fractional shares will be rounded up. The press release should have stated that stockholders who would otherwise be entitled to receive fractional shares as a result of the Reverse Stock Split will be entitled to a cash payment in lieu thereof.

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