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Global Interactive Technologies, Inc. Announces Receipt of a Delinquency Compliance Alert Notice from Nasdaq

1. GITS received a delinquency notice from Nasdaq for filing non-compliance. 2. The company has 60 days to submit a compliance plan.

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FAQ

Why Bearish?

Failure to file timely increases regulatory risk, previously hurting stocks in similar situations.

How important is it?

Regulatory compliance issues significantly affect investor confidence and stock performance.

Why Short Term?

Immediate market reaction expected within 60 days before compliance plan deadline.

Related Companies

NASDAQGITS
SEOUL, KOREA / ACCESS Newswire / April 28, 2025 / Global Interactive Technologies, Inc. (NASDAQ:GITS) (the "Company"), announced that on April 24, 2025, it received a delinquency compliance alert notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") advising the Company that due to the Company's failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2024 with the Securities and Exchange Commission (the " SEC "), the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic reports with the SEC. Under Nasdaq rules, the Company has 60 calendar days from the date of the Nasdaq Notification Letter to submit to Nasdaq a plan to regain compliance with Nasdaq Listing Rule 5250(c)(1).

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