Starbox Group Terminates At-the-Market Equity Program
Ticker: STBXF · Form: 6-K · Filed: Sep 3, 2025 · CIK: 1914818
| Field | Detail |
|---|---|
| Company | Starbox Group Holdings Ltd. (STBXF) |
| Form Type | 6-K |
| Filed Date | Sep 3, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $30 million, $119,388 |
| Sentiment | neutral |
Sentiment: neutral
Topics: termination, equity-program, filing
TL;DR
Starbox Group just axed its equity sales deal with A.G.P.!
AI Summary
Starbox Group Holdings Ltd. filed a Form 6-K on September 3, 2025, to report the termination of a material definitive agreement. This agreement was a sales agreement entered into on October 5, 2023, with A.G.P./Alliance Global Partners to establish an at-the-market equity program.
Why It Matters
The termination of this equity program suggests a shift in Starbox Group's capital raising strategy or a change in market conditions affecting their ability to issue shares effectively.
Risk Assessment
Risk Level: medium — The termination of an equity program can signal underlying financial issues or a change in strategic direction, warranting closer scrutiny.
Key Players & Entities
- Starbox Group Holdings Ltd. (company) — Filer of the report
- A.G.P./Alliance Global Partners (company) — Sales Agent for the terminated equity program
- October 5, 2023 (date) — Date the original sales agreement was entered into
- September 3, 2025 (date) — Filing date of the Form 6-K
FAQ
What was the specific reason for terminating the sales agreement with A.G.P./Alliance Global Partners?
The provided filing does not specify the exact reason for the termination of the sales agreement.
When was the sales agreement with A.G.P./Alliance Global Partners originally entered into?
The sales agreement was entered into on October 5, 2023.
What was the purpose of the sales agreement with A.G.P./Alliance Global Partners?
The sales agreement was intended to create an at-the-market equity program, allowing the Company to offer and sell shares from time to time.
What type of company is Starbox Group Holdings Ltd.?
Starbox Group Holdings Ltd. is a Cayman Islands exempted company.
What is the filing date of this Form 6-K report?
This Form 6-K report was filed on September 3, 2025.
Filing Stats: 400 words · 2 min read · ~1 pages · Grade level 12.6 · Accepted 2025-09-03 16:05:20
Key Financial Figures
- $30 million — aggregate gross offering price of up to $30 million. The ordinary shares are offered under
- $119,388 — ket equity program with net proceeds of $119,388. 2 SIGNATURE Pursuant to the requ
Filing Documents
- form6-k.htm (6-K) — 16KB
- 0001641172-25-026389.txt ( ) — 17KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of September 2025 Commission File Number: 001-41480 Starbox Group Holdings Ltd. VO2-03-07, Velocity Office 2, Lingkaran SV, Sunway Velocity, 55100 Kuala Lumpur, Malaysia (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F Termination of a Material Definitive Agreement As previously disclosed, on October 5, 2023, Starbox Group Holdings Ltd., a Cayman Islands exempted company (the “Company”), entered into a sales agreement (the “Sales Agreement”) with A.G.P/Alliance Global Partners (“A.G.P.” or the “Sales Agent”), to create an at-the-market equity program pursuant to which the Company may offer and sell, from time to time, through or to the Sales Agent, the Company’s ordinary shares, which were redesignated as Class A ordinary shares after the Company’s share redesignation in June 2024 (the “ordinary shares”), having an aggregate gross offering price of up to $30 million. The ordinary shares are offered under the Company’s registration statement on Form F-3 (File No. 333-274484), initially filed with the U.S. Securities and Exchange Commission on September 12, 2023, and declared effective on September 28, 2023 (the “Registration Commission on October 5, 2023. Pursuant to Section 11(b) of the Sales Agreement, on August 19, 2025, the Company sent a notice of agreement termination (the “Termination Notice”) to the Sales Agent, terminating the Sales Agreement and all related agreements contemplated thereunder. Effective on August 22, 2025, the Sales Agreements became null and void and of no further force and effect. Immediately prior to the termination of the Sales Agreement, the Company had issued 119,984 ordinary shares (without taking into account the effect of the reverse splits in October 2024, March 2025, and April 2025) under the at-the-market equity program with net proceeds of $119,388. 2 SIGNATURE 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: September 3, 2025 By: /s/ Chong Yip Loong Name: Chong Yip Loong Title: Chief Executive Officer 3