Global Interactive Technologies Secures $2M Private Placement for Debt Repayment
GITS•Global Interactive Technologies closed a private placement on June 29, 2026 that generated gross proceeds of $2.0 million from a single institutional investor. Net proceeds will repay outstanding debt obligations and fund working capital and general corporate purposes.
1. Closing of Private Placement
On June 29, 2026, Global Interactive Technologies closed its previously announced private placement with a single institutional investor, generating gross proceeds of approximately $2.0 million before placement agent fees and offering expenses.
2. Intended Use of Proceeds
The company plans to allocate net proceeds to repay outstanding debt obligations and bolster working capital and general corporate purposes as it advances its fan engagement platform strategy.
3. Placement Terms and Agent
D. Boral Capital LLC served as exclusive placement agent; the securities were offered in an unregistered transaction under exemptions from the Securities Act of 1933 and applicable state securities laws.
