Global Interactive Technologies, Inc. (NASDAQ:GITS) (the "Company"), a digital media and technology company, today announced that it has entered into a securities purchase agreement with an institutional investor to purchase 1,092,896 shares of common stock (or pre-funded warrants in lieu thereof) and 1,092,896 accompanying warrants. The combined purchase price of one share of common stock and one accompanying warrant to purchase one share of common stock is $1.83, or the "Minimum Price," pursuant to Nasdaq Rule 5635(d) as of June 25, 2026. The combined purchase price of one pre-funded warrant and one accompanying warrant to purchase one share of common stock is $1.829. The warrants will be exercisable on the six-month anniversary of their issuance, have an exercise price of $1.83 per share and a term of 5.5 years.

The gross proceeds from the offering are expected to be approximately $2.0 million, before deducting commissions and expenses of the offering. The closing of the offering is expected to occur on or about June 26, 2026, subject to the satisfaction of customary closing conditions.