Global interactive technologies, inc. announces its receipt of determination letter from nasdaq

Seoul, korea / access newswire / february 10, 2025 / global interactive technologies, inc. (nasdaq:gits) (the "company"), a media-tech company and creator of fantoo, an all-in-one social media experience connecting k-culture fans globally, today announced that on february 5, 2025, the company received a notification letter (the "determination letter") from the staff at the listing qualifications department (the "staff") of the nasdaq stock market llc ("nasdaq"). as disclosed in the company's form 8-k filed on august 9, 2024, nasdaq granted the company 180 days, until february 3, 2025, to regain compliance with nasdaq listing rule 5550(a)(2), which requires the company's common stock to maintain a minimum bid price of $1.00 per share (the "minimum bid price requirement").
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