Starbox Group Enters Software Purchase Agreement
Ticker: STBXF · Form: 6-K · Filed: Oct 29, 2024 · CIK: 1914818
| Field | Detail |
|---|---|
| Company | Starbox Group Holdings Ltd. (STBXF) |
| Form Type | 6-K |
| Filed Date | Oct 29, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.15, $10,500,000.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: software-agreement, business-development
Related Tickers: STBX
TL;DR
Starbox Group (STBX) signs software deal with Honest Designs Limited.
AI Summary
On October 29, 2024, Starbox Group Holdings Ltd. announced it entered into a software purchase agreement with Honest Designs 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 new software capabilities for Starbox Group, which could impact its operational efficiency and service offerings.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a standard business agreement without immediate financial implications or significant strategic shifts.
Key Players & Entities
- Starbox Group Holdings Ltd. (company) — Issuer and party to the agreement
- Irace Technology Limited (company) — Purchaser and indirect wholly owned subsidiary
- Honest Designs Limited (company) — Seller in the software purchase agreement
- October 29, 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, only that a software purchase agreement was entered into.
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 strategic rationale behind this software purchase?
The filing does not provide details on the strategic reasons for Starbox Group entering into this agreement.
What is the jurisdiction of Honest Designs Limited?
The filing does not specify the jurisdiction of Honest Designs Limited.
When is the effective date of the software purchase agreement?
The agreement was entered into on October 29, 2024, which is presumed to be the effective date unless otherwise stated.
Filing Stats: 707 words · 3 min read · ~2 pages · Grade level 14.5 · Accepted 2024-10-29 16:05:31
Key Financial Figures
- $0.15 — A ordinary shares (per share price of US$0.15) of the Company, or such number of new
- $10,500,000.00 — 23, 2024, with an aggregate value of US$10,500,000.00 (the “Consideration Shares”
Filing Documents
- form6-k.htm (6-K) — 22KB
- ex10-1.htm (EX-10.1) — 258KB
- ex10-2.htm (EX-10.2) — 123KB
- ex10-3.htm (EX-10.3) — 24KB
- ex10-1_001.jpg (GRAPHIC) — 1KB
- ex10-2_001.jpg (GRAPHIC) — 1KB
- 0001493152-24-042873.txt ( ) — 431KB
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: October 29, 2024 By: /s/ Lee Choon Wooi Name: Lee Choon Wooi Title: Chief Executive Officer