Starbox Group Enters Software Purchase Agreement
Ticker: STBXF · Form: 6-K · Filed: Aug 26, 2024 · CIK: 1914818
| Field | Detail |
|---|---|
| Company | Starbox Group Holdings Ltd. (STBXF) |
| Form Type | 6-K |
| Filed Date | Aug 26, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.16, $9,600,000.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: software-agreement, subsidiary, disclosure
TL;DR
Starbox Group inks software deal with First Start Company Limited.
AI Summary
On August 26, 2024, Starbox Group Holdings Ltd. announced it entered into a Software Purchase Agreement with First Start Company Limited. The agreement involves its 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 market position.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a standard business agreement without immediate financial implications or significant changes in operations.
Key Players & Entities
- Starbox Group Holdings Ltd. (company) — Issuer and parent company
- First Start Company Limited (company) — Counterparty to the agreement
- Irace Technology Limited (company) — Purchaser and subsidiary of Starbox Group
- August 26, 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 of the software being purchased under the Software Purchase Agreement.
What is the financial value of the Software Purchase Agreement?
The filing does not disclose the financial terms or value of the Software Purchase Agreement.
What is the role of Irace Technology Limited in this agreement?
Irace Technology Limited, an indirect wholly owned subsidiary of Starbox Group Holdings Ltd., is the purchaser in the Software Purchase Agreement.
When was the Software Purchase Agreement entered into?
The Software Purchase Agreement was entered into on August 26, 2024.
Is this a material agreement for Starbox Group Holdings Ltd.?
The filing does not provide information to determine if the agreement is material, as key details like financial terms are omitted.
Filing Stats: 669 words · 3 min read · ~2 pages · Grade level 14 · Accepted 2024-08-26 16:30:09
Key Financial Figures
- $0.16 — A ordinary shares (per share price of US$0.16) of the Company with an aggregate value
- $9,600,000.00 — he Company with an aggregate value of US$9,600,000.00 (the “Consideration Shares”
Filing Documents
- form6-k.htm (6-K) — 21KB
- ex10-1.htm (EX-10.1) — 291KB
- ex10-2.htm (EX-10.2) — 133KB
- ex10-3.htm (EX-10.3) — 24KB
- ex10-1_001.jpg (GRAPHIC) — 1KB
- ex10-2_001.jpg (GRAPHIC) — 1KB
- 0001493152-24-033886.txt ( ) — 472KB
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 26, 2024 By: /s/ Lee Choon Wooi Name: Lee Choon Wooi Title: Chief Executive Officer