---
title: "Global Interactive Technologies Secures $550,000 9% Convertible Note With FirstFire; $44,000 OID"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284386216.md"
description: "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."
datetime: "2026-04-28T12:33:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284386216.md)
  - [en](https://longbridge.com/en/news/284386216.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284386216.md)
---

# Global Interactive Technologies Secures $550,000 9% Convertible Note With FirstFire; $44,000 OID

Global Interactive Technologies entered into a Securities Purchase Agreement for a $550,000 12-month, 9% convertible promissory note with FirstFire. The note was issued with a $44,000 original issue discount, providing net proceeds of $506,000. Upon an event of default, the balance increases to 125% and the holder may convert at 85% of the 15-day VWAP; the balance also rises $5,000 monthly until repaid. The agreement includes piggyback registration rights.

**Agreement details:**

-   **Agreement type**: Securities Purchase Agreement for 12-month 9% convertible promissory note
-   **Counterparty**: FirstFire Global Opportunities Fund
-   **Signed / Effective**: Apr 22 2026 / same
-   **Duration / Termination**: 12 months
-   **Reason**: Obtain financing for general corporate purposes

Original SEC Filing: Global Interactive Technologies, Inc. \[ GITS \] - 8-K - Apr. 28, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [GITS.US](https://longbridge.com/en/quote/GITS.US.md)

## Related News & Research

- [POET Technologies Announces Closing of US$400 Million Investment | POET Stock News](https://longbridge.com/en/news/286785400.md)
- [NeOnc Technologies Gains Growing Institutional Support Ahead of Key Brain Cancer Clinical Milestones | NTHI Stock News](https://longbridge.com/en/news/286931037.md)
- [Insider Selling: Helios Technologies (NYSE:HLIO) Insider Sells 3,000 Shares of Stock](https://longbridge.com/en/news/286975925.md)
- [Lumen Technologies, Inc. Announces Early Results of Previously Announced Tender Offers | LUMN Stock News](https://longbridge.com/en/news/287067729.md)
- [Shorepower Technologies Delays Quarterly SEC Filing](https://longbridge.com/en/news/286594838.md)