Starbox Group Completes Share Issuance and Software Acquisition
Ticker: STBXF · Form: 6-K · Filed: Aug 22, 2024 · CIK: 1914818
| Field | Detail |
|---|---|
| Company | Starbox Group Holdings Ltd. (STBXF) |
| Form Type | 6-K |
| Filed Date | Aug 22, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.16, $8,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, software, share-issuance
TL;DR
Starbox just bought new software and issued shares, expanding their biz.
AI Summary
On August 22, 2024, Starbox Group Holdings Ltd. completed a share issuance and acquired Virtual Interactive Enterprise Showroom Software through its subsidiary Irace Technology Limited, pursuant to a Software Purchase Agreement dated August 7, 2024.
Why It Matters
This move signifies Starbox Group's expansion into new software capabilities, potentially enhancing its service offerings and market position.
Risk Assessment
Risk Level: low — The filing is a routine 6-K report detailing a completed transaction, with no immediate negative indicators.
Key Players & Entities
- Starbox Group Holdings Ltd. (company) — Filer and acquirer
- Irace Technology Limited (company) — Subsidiary involved in acquisition
- August 22, 2024 (date) — Date of share issuance and acquisition closing
- August 7, 2024 (date) — Date of Software Purchase Agreement
FAQ
What was the nature of the share issuance completed by Starbox Group Holdings Ltd. on August 22, 2024?
The filing states that Starbox Group Holdings Ltd. completed a share issuance on August 22, 2024, as part of its acquisition of Virtual Interactive Enterprise Showroom Software.
What software did Starbox Group Holdings Ltd. acquire?
Starbox Group Holdings Ltd. acquired the Virtual Interactive Enterprise Showroom Software.
Which subsidiary of Starbox Group Holdings Ltd. was involved in the software acquisition?
Irace Technology Limited, an indirect wholly-owned subsidiary of Starbox Group Holdings Ltd., was involved in the acquisition.
What is the effective date of the Software Purchase Agreement?
The Software Purchase Agreement is dated August 7, 2024.
Is Starbox Group Holdings Ltd. required to file annual reports on Form 20-F or 40-F?
Yes, Starbox Group Holdings Ltd. is required to file annual reports under cover of Form 20-F.
Filing Stats: 552 words · 2 min read · ~2 pages · Grade level 14.4 · Accepted 2024-08-22 16:05:22
Key Financial Figures
- $0.16 — A ordinary shares (per share price of US$0.16), with an aggregate value of US$8,000,0
- $8,000,000 — US$0.16), with an aggregate value of US$8,000,000 as consideration for all of the rights,
Filing Documents
- form6-k.htm (6-K) — 17KB
- 0001493152-24-033553.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 22, 2024 By: /s/ Lee Choon Wooi Name: Lee Choon Wooi Title: Chief Executive Officer