Starbox Group Completes Share Issuance and Software Acquisition
Ticker: STBXF · Form: 6-K · Filed: Jul 2, 2024 · CIK: 1914818
| Field | Detail |
|---|---|
| Company | Starbox Group Holdings Ltd. (STBXF) |
| Form Type | 6-K |
| Filed Date | Jul 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.20, $5,800,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, share-issuance, corporate-action
TL;DR
Starbox Group just bought Virtual Space Software and issued shares on July 2nd.
AI Summary
On July 2, 2024, Starbox Group Holdings Ltd. completed a share issuance and acquired Virtual Space Software through its subsidiary Irace Technology Limited, pursuant to a Software Purchase Agreement dated June 14, 2024.
Why It Matters
This filing indicates Starbox Group Holdings Ltd. is expanding its operations through strategic acquisitions and capital raising activities.
Risk Assessment
Risk Level: low — This is a routine 6-K filing reporting on completed corporate actions.
Key Players & Entities
- Starbox Group Holdings Ltd. (company) — Filer and acquirer
- Irace Technology Limited (company) — Indirect wholly-owned subsidiary
- Virtual Space Software (company) — Acquired software
- July 2, 2024 (date) — Date of share issuance and acquisition closing
- June 14, 2024 (date) — Date of Software Purchase Agreement
FAQ
What is the nature of the Virtual Space Software acquisition?
The filing states that Starbox Group Holdings Ltd. acquired the Virtual Space Software pursuant to a Software Purchase Agreement dated June 14, 2024.
When did the share issuance and acquisition close?
The share issuance and the acquisition of Virtual Space Software closed on July 2, 2024.
Which subsidiary was involved in the acquisition?
Starbox Group Holdings Ltd.'s indirect wholly-owned subsidiary, Irace Technology Limited, was involved in the acquisition.
What is the filing date and period of report?
The filing was made on July 2, 2024, and the period of report is also July 2024.
Where is Starbox Group Holdings Ltd. located?
Starbox Group Holdings Ltd.'s principal executive office is located at VO2-03-07, Velocity Office 2, Lingkaran SV, Sunway Velocity, 55100 Kuala Lumpur, Malaysia.
Filing Stats: 527 words · 2 min read · ~2 pages · Grade level 14.4 · Accepted 2024-07-02 16:05:30
Key Financial Figures
- $0.20 — A ordinary shares (per share price of US$0.20), with an aggregate value of US$5,800,0
- $5,800,000 — US$0.20), with an aggregate value of US$5,800,000 as consideration for all of the rights,
Filing Documents
- form6-k.htm (6-K) — 17KB
- 0001493152-24-025996.txt ( ) — 18KB
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: July 2, 2024 By: /s/ Lee Choon Wooi Name: Lee Choon Wooi Title: Chief Executive Officer