Treasure Global Inc. Files 8-K/A Amendment
Ticker: TGL · Form: 8-K/A · Filed: Nov 22, 2024 · CIK: 1905956
| Field | Detail |
|---|---|
| Company | Treasure Global Inc (TGL) |
| Form Type | 8-K/A |
| Filed Date | Nov 22, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.00001, $0.67, $8,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, material-agreement, equity-sale
TL;DR
TREASURE GLOBAL INC filed an 8-K/A amendment on Oct 29, updating material agreements and equity sales.
AI Summary
Treasure Global Inc. filed an amendment (8-K/A) on November 22, 2024, related to events on October 29, 2024. The filing concerns entry into a material definitive agreement, unregistered sales of equity securities, and financial statements/exhibits. Specific details on the agreement and sales are not provided in this excerpt.
Why It Matters
This amendment provides updated information regarding material agreements and equity sales, which could impact the company's financial structure and shareholder value.
Risk Assessment
Risk Level: medium — Amendments to 8-K filings often indicate significant corporate events that could carry inherent risks for investors.
Key Players & Entities
- TREASURE GLOBAL INC (company) — Registrant
- October 29, 2024 (date) — Earliest event date
- November 22, 2024 (date) — Filing date
- 276 5th Avenue , Suite 704 #739 New York , New York 10001 (address) — Principal executive office
FAQ
What specific material definitive agreement was entered into by Treasure Global Inc. on October 29, 2024?
The provided excerpt does not specify the details of the material definitive agreement.
What type of equity securities were sold in the unregistered sales mentioned in the filing?
The excerpt does not provide details on the type of equity securities sold.
What are the key financial statements or exhibits being amended or filed with this 8-K/A?
The excerpt mentions financial statements and exhibits but does not list specific ones.
What is the primary reason for filing this amendment (8-K/A) to the original 8-K report?
The amendment pertains to entry into a material definitive agreement, unregistered sales of equity securities, and financial statements and exhibits.
Where is Treasure Global Inc.'s principal executive office located?
Treasure Global Inc.'s principal executive office is located at 276 5th Avenue, Suite 704 #739, New York, New York 10001.
Filing Stats: 800 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2024-11-22 17:21:05
Key Financial Figures
- $0.00001 — h registered Common Stock, par value $0.00001 per share TGL The Nasdaq Stock Mark
- $0.67 — res") at a determined issuance price of $0.67 per TGL Share in the following manner:
- $8,000,000 — fifty percent (50%) of the Fees, being $8,000,000), shall be due upon execution of this A
Filing Documents
- ea0222046-8ka1_treasure.htm (8-K/A) — 31KB
- ea022204601ex10-1_treasure.htm (EX-10.1) — 85KB
- 0001213900-24-101694.txt ( ) — 306KB
- tgl-20241029.xsd (EX-101.SCH) — 3KB
- tgl-20241029_lab.xml (EX-101.LAB) — 33KB
- tgl-20241029_pre.xml (EX-101.PRE) — 22KB
- ea0222046-8ka1_treasure_htm.xml (XML) — 5KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement . As previously reported on November 1, 2024, the Company entered into a certain service agreement (the "Agreement") with V GALLANT SDN BHD ("V Gallant"), a private company incorporated in Malaysia. Pursuant to the Agreement, the Company engaged V Gallant for its generative AI solutions and AI digital human technology services (the "Services") in accordance with the terms and conditions therein. The Company agreed to pay V Gallant a total consideration of USD16,000,000 (the "Fees") to V Gallant and/or its nominees for the Services and all associated hardware and software under the Agreement. The Fees shall be payable by the Company to V Gallant and/or its nominees via the issuance of shares of common stock, par value $0.00001 per share ("TGL Shares") at a determined issuance price of $0.67 per TGL Share in the following manner: (1) the first instalment, constituting a down payment of fifty percent (50%) of the Fees, being $8,000,000), shall be due upon execution of this Agreement; and (2) the remainder, constituting fifty percent (50%) of the Fees, being $8,000,000, shall be paid in twelve (12) equal monthly instalments, commencing from January 31, 2025, with each payment due on the last day of each calendar month, until December 31, 2025, unless otherwise mutually agreed in writing by the TGL and V Gallant. The above summary of the Agreement is qualified in its entirety by reference to the full text of the Agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities. See Item 1.01, which is incorporated herein by reference. The TGL Shares will be issued pursuant to the exemption from registration provided by Regulation S promulgated under the Securities Act of 1933, as amended.
01. Financial Statement and Exhibits
Item 9.01. Financial Statement and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Service Agreement Dated October 29, 2024 Between Treasure Global Inc and V Gallant SDN BHD 104 Cover Page Interactive Data File (embedded with the Inline XBRL document) 2
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 hereunto duly authorized. Date: November 22, 2024 TREASURE GLOBAL INC. By: /s/ Carlson Thow Name: Carlson Thow Title: Chief Executive Officer 3