Starbox Group Enters Software Purchase Agreement
Ticker: STBXF · Form: 6-K · Filed: May 28, 2024 · CIK: 1914818
| Field | Detail |
|---|---|
| Company | Starbox Group Holdings Ltd. (STBXF) |
| Form Type | 6-K |
| Filed Date | May 28, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.20, $5,000,000.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement, software, subsidiary
Related Tickers: STBX
TL;DR
Starbox Group (STBX) signs software deal with Raetia Holdings.
AI Summary
On May 28, 2024, Starbox Group Holdings Ltd. announced it entered into a software purchase agreement with Raetia Holdings Limited. The agreement involves the Company's indirect wholly owned subsidiary, Irace Technology Limited, as the purchaser.
Why It Matters
This agreement signifies a potential expansion or integration of software capabilities for Starbox Group, which could impact its operational efficiency and service offerings.
Risk Assessment
Risk Level: low — The filing is an announcement of a standard business agreement and does not contain immediate financial risks.
Key Players & Entities
- Starbox Group Holdings Ltd. (company) — Issuer and party to the agreement
- Raetia Holdings Limited (company) — Seller in the software purchase agreement
- Irace Technology Limited (company) — Purchaser and indirect wholly owned subsidiary of Starbox Group
- May 28, 2024 (date) — Date of the software purchase agreement
FAQ
What is the nature of the software being purchased?
The filing does not specify the nature or details of the software being purchased in the agreement with Raetia Holdings Limited.
What is the financial value of the software purchase agreement?
The filing does not disclose the financial terms or the dollar amount of the software purchase agreement.
What is the strategic purpose of this software purchase for Starbox Group?
The filing does not provide details on the strategic rationale behind Starbox Group's entry into this software purchase agreement.
What is the jurisdiction of Starbox Group Holdings Ltd. and its subsidiary Irace Technology Limited?
Starbox Group Holdings Ltd. is a Cayman Islands company, and its indirect wholly owned subsidiary, Irace Technology Limited, is a British Virgin Islands company.
When was the software purchase agreement entered into?
The software purchase agreement was entered into on May 28, 2024.
Filing Stats: 584 words · 2 min read · ~2 pages · Grade level 15.1 · Accepted 2024-05-28 16:15:20
Key Financial Figures
- $0.20 — 0 ordinary shares (per share price of US$0.20) of the Company with an aggregate value
- $5,000,000.00 — he Company with an aggregate value of US$5,000,000.00 (the “Consideration Shares”
Filing Documents
- form6-k.htm (6-K) — 22KB
- ex10-1.htm (EX-10.1) — 240KB
- ex10-2.htm (EX-10.2) — 126KB
- ex10-3.htm (EX-10.3) — 2KB
- ex10-1_001.jpg (GRAPHIC) — 1KB
- image_001.jpg (GRAPHIC) — 1KB
- ex10-3_001.jpg (GRAPHIC) — 259KB
- ex10-3_002.jpg (GRAPHIC) — 98KB
- 0001493152-24-021613.txt ( ) — 886KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Starbox Group Holdings Ltd. Date: May 28, 2024 By: /s/ Lee Choon Wooi Name: Lee Choon Wooi Title: Chief Executive Officer