Starbox Group Completes Share Issuance and Software Acquisition
Ticker: STBXF · Form: 6-K · Filed: Aug 5, 2024 · CIK: 1914818
| Field | Detail |
|---|---|
| Company | Starbox Group Holdings Ltd. (STBXF) |
| Form Type | 6-K |
| Filed Date | Aug 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.20, $6,500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, share-issuance, software
TL;DR
Starbox Group just bought new ad software and issued shares on Aug 5th.
AI Summary
On August 5, 2024, Starbox Group Holdings Ltd. completed a share issuance and acquired VS Immersive Advertisement Software through its subsidiary Irace Technology Limited, pursuant to a Software Purchase Agreement dated July 18, 2024.
Why It Matters
This move signifies Starbox Group's expansion into immersive advertising technology, potentially enhancing its service offerings and market position.
Risk Assessment
Risk Level: low — The filing is a routine report of a completed transaction and does not indicate immediate financial distress or significant new risks.
Key Players & Entities
- Starbox Group Holdings Ltd. (company) — Filer of the report
- August 5, 2024 (date) — Date of share issuance and acquisition closing
- Irace Technology Limited (company) — Indirect wholly-owned subsidiary involved in acquisition
- VS Immersive Advertisement Software (software) — Asset acquired by the company
- July 18, 2024 (date) — Date of the Software Purchase Agreement
FAQ
What was the nature of the transaction completed on August 5, 2024?
On August 5, 2024, Starbox Group Holdings Ltd. completed a share issuance and the acquisition of the VS Immersive Advertisement Software.
Which subsidiary was involved in the acquisition?
The acquisition was completed through Irace Technology Limited, an indirect wholly-owned subsidiary of Starbox Group Holdings Ltd.
What is the effective date of the Software Purchase Agreement?
The Software Purchase Agreement was dated July 18, 2024.
What type of company is Starbox Group Holdings Ltd.?
Starbox Group Holdings Ltd. is a Cayman Islands company.
What is the primary business address of Starbox Group Holdings Ltd.?
The primary business address is VO2-03-07, Velocity Office 2, Lingkaran SV, Sunway Velocity, 55100 Kuala Lumpur, Malaysia.
Filing Stats: 547 words · 2 min read · ~2 pages · Grade level 13.9 · Accepted 2024-08-05 16:30:31
Key Financial Figures
- $0.20 — A ordinary shares (per share price of US$0.20), with an aggregate value of US$6,500,0
- $6,500,000 — US$0.20), with an aggregate value of US$6,500,000 as consideration for all of the rights,
Filing Documents
- form6-k.htm (6-K) — 16KB
- 0001493152-24-030257.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: August 5, 2024 By: /s/ Lee Choon Wooi Name: Lee Choon Wooi Title: Chief Executive Officer