Global Interactive Technologies Secures $550,000 9% Convertible Note With FirstFire; $44,000 OID
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Global Interactive Technologies has secured a $550,000 12-month, 9% convertible promissory note from FirstFire, with a $44,000 original issue discount, resulting in net proceeds of $506,000. In case of default, the balance increases to 125%, and the holder can convert at 85% of the 15-day VWAP. The agreement includes piggyback registration rights and is aimed at financing general corporate purposes. The SEC filing was made on April 28, 2026.
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