Global Interactive Technologies Prices $2 Million Private Placement of 1.09 Million Shares and Warrants
GITS•Global Interactive Technologies agreed to sell 1,092,896 shares and matching warrants in a private placement to one institutional investor, generating approximately $2.0 million in gross proceeds at $1.83 per share-plus-warrant. The warrants vest for exercise in six months and carry a 5.5-year term with an exercise price of $1.83.
1. Private Placement Details
Global Interactive Technologies entered a securities purchase agreement to sell 1,092,896 shares of common stock (or pre-funded warrants in lieu thereof) along with 1,092,896 accompanying warrants at a combined purchase price of $1.83 per share-plus-warrant, raising gross proceeds of approximately $2.0 million.
2. Warrant Terms
Each warrant becomes exercisable six months after issuance, carries an exercise price of $1.83 per share and has a term of 5.5 years from the date of issuance.
3. Closing and Registration
The offering is expected to close on or about June 26, 2026, subject to customary closing conditions, with D. Boral Capital LLC as exclusive placement agent and the company agreeing to file a registration statement for resale of the shares and underlying warrant shares.
