L1 Capital Global Opportunities Master Fund Acquires 9.99% Stake in HiTek Global Inc. (HKIT)

On June 5, 2026, L1 Capital Global Opportunities Master Fund, Ltd. filed a Schedule 13G disclosing a new 9.99% ownership stake in HiTek Global Inc. (HKIT). The reporting person beneficially owns 112,800 Class A Ordinary Shares, which includes 85,000 shares and 27,800 pre-funded warrants. The filing notes that the investor holds an additional 1,887,200 pre-funded warrants and 2,000,000 standard warrants that were excluded from the current beneficial ownership calculation due to a 9.99% blocker provision. This ownership threshold is based on 1,016,474 Class A Ordinary Shares outstanding. David Feldman and Joel Arber, as directors of the Cayman Islands-based fund, may be deemed to share beneficial ownership of the securities but disclaim such ownership for other purposes. The transaction was triggered by events occurring on June 3, 2026. The filing indicates a passive investment intent, certifying that the shares were not acquired to influence or change the control of the issuer.