American Marconi Wireless News - Global Interactive Technologies, Inc. Announces Receipt of a Delinquency Compliance Alert Letter from Nasdaq

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). The Company expects to file the Form 10-K promptly to regain compliance with Nasdaq Listing Rule 5250(c)(1). The Company's common stock will continue to be listed and traded on The Nasdaq Stock Market during the 60-day grace period, subject to the Company's compliance with Nasdaq's other continued listing requirements.

About Global Interactive Technologies, Inc.
Global Interactive Technologies, Inc. is a digital media and technology company focused on fan engagement and fandom economy through its multi-platform ecosystem, including Faning, a global platform that connects K-pop and broader K-culture fans through shared interests, content, and community experiences. For more information, please visit the Company's website at www.gitechnologies.com.

Forward-Looking Statements
This announcement contains forward-looking statements as defined under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, formulated in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements, reflecting the Company's projections about its future financial and operational performance, employ terms like "believes," "estimates," "anticipates," "expects," "plans," "projects," "intends," "potential," "target," "aim," "predict," "outlook," "seek," "goal," "objective," "assume," "contemplate," "continue," "positioned," "forecast," "likely," "may," "could," "might," "will," "should," "approximately," and similar expressions to convey the uncertainty of future events or outcomes. These forward-looking statements are based on the Company's current expectations, assumptions, and projections, involving judgments about future economic conditions, competitive landscapes, market dynamics, and business decisions, many of which are inherently challenging to predict accurately and are largely beyond the Company's control. Additionally, these statements are subject to a multitude of known and unknown risks, uncertainties, and other variables that could significantly diverge the Company's actual results from those depicted in any forward-looking statement. Because of these and other risks, uncertainties and assumptions, undue reliance should not be placed on these forward-looking statements. In addition, these statements speak only as of the date of this press release and, except as may be required by law, the Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

Company Contact:
Global Interactive Technologies, Inc.
Taehoon Kim
[email protected]

Investor Contact:
Global Interactive Technologies, Inc.
Taehoon Kim
[email protected]

SOURCE: Global Interactive Technologies, Inc.

View the original press release on ACCESS Newswire

O.Johnson--AMWN