# Global Interactive Technologies, Inc. (GITS) — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_24e710bb37a64ef0c9d7 · retrieved 2026-08-12T21:20:35.083Z

## Overview
Global Interactive Technologies, Inc. (formerly Hanryu Holdings, Inc.) is a technology-focused platform company operating and developing Faning, a global digital fan engagement platform centered on Korean entertainment and culture, including K-pop.

Global Interactive Technologies, Inc. (GITS) closed a private placement on June 29, 2026, issuing 1,092,896 pre-funded warrants and 1,092,896 common stock warrants to a single investor for gross proceeds of approximately $2 million. The pre-funded warrants have an exercise price of $0.001 per share and are immediately exercisable. The common stock warrants are exercisable beginning six months after issuance at an exercise price of $1.83 per share and expire 5.5 years from closing. The purchase price per share (or pre-funded warrant in lieu thereof) was $1.829.

## Terms
- Counterparty: Selling Stockholder (unnamed investor) · Deal value: $2.0M · Consideration: cash · Price/share: $1.829

## Key dates
- Announced 2026-07-29 · Expiry 2031-12-29

## Timeline
- 2026-07-29 · S-1 (0001493152-26-035245): S-1 - Global Interactive Technologies, Inc. — *Global Interactive Technologies, Inc. (formerly Hanryu Holdings, Inc.) is a technology-focused platform company operating and developing Faning, a global digital fan engagement platform centered on Korean entertainment and culture, including K-pop.* Global Interactive Technologies, Inc. (GITS) closed a private placement on June 29, 2026, issuing 1,092,896 pre-funded warrants and 1,092,896 common stock warrants to a single investor for gross proceeds of approximately $2 million. The pre-funded warrants have an exercise price of $0.001 per share and are immediately exercisable. The common stock warrants are exercisable beginning six months after issuance at an exercise price of $1.83 per share and expire 5.5 years from closing. The purchase price per share (or pre-funded warrant in lieu thereof) was $1.829.
  https://www.sec.gov/Archives/edgar/data/1911545/0001493152-26-035245.txt

## Citations
- 0001493152-26-035245 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000149315226035245