Treasure Global Inc. to Acquire TGL Holdings Pte. Ltd.

TL;DR

TGLI looking to buy TGL Holdings Pte. Ltd. by Q2 2024. Big move.

AI Summary

Treasure Global Inc. announced on February 27, 2024, that it has entered into a non-binding Letter of Intent to acquire 100% of the issued and outstanding shares of TGL Holdings Pte. Ltd. The acquisition is expected to be completed by the end of the second quarter of 2024, subject to due diligence and definitive agreements. This move aims to expand Treasure Global's market presence and product offerings.

Why It Matters

This potential acquisition could significantly alter Treasure Global Inc.'s business operations and market position by integrating TGL Holdings' assets and operations.

Risk Assessment

Risk Level: medium — The acquisition is currently based on a non-binding Letter of Intent, indicating that the deal is not yet finalized and is subject to due diligence and definitive agreements.

Key Players & Entities

• Treasure Global Inc. (company) — Registrant
• TGL Holdings Pte. Ltd. (company) — Target company for acquisition
• February 27, 2024 (date) — Date of earliest event reported
• end of the second quarter of 2024 (date) — Expected completion date for acquisition

FAQ

Key Financial Figures

• $0.00001 — h registered Common Stock, par value $0.00001 per share TGL The Nasdaq Stock Mark

Filing Documents

• ea0200946-8k_treasure.htm (8-K) — 28KB
• ea0200946ex3-1_treasure.htm (EX-3.1) — 7KB
• ea0200946ex99-1_treasure.htm (EX-99.1) — 10KB
• 0001213900-24-019121.txt ( ) — 223KB
• tgl-20240227.xsd (EX-101.SCH) — 3KB
• tgl-20240227_lab.xml (EX-101.LAB) — 33KB
• tgl-20240227_pre.xml (EX-101.PRE) — 22KB
• ea0200946-8k_treasure_htm.xml (XML) — 4KB

03 Amendment to Articles of Incorporation or Bylaws; Change

Item 5.03 Amendment to Articles of Incorporation or Bylaws; Change in Fiscal Year. Treasure Global Inc (the "Company") filed on February 22, 2024, a Certificate of Amendment to the Certificate of Incorporation, as amended, of the Company with the Secretary of State of the State of Delaware (the "Certificate of Amendment") that provides for a 1-for-70 reverse stock split (the "Split") of its shares of common stock, par value $0.00001 per share, that became effective at 12:00 a.m. on February 27, 2024. No fractional shares were issued in connection with the Split and fractional amounts were rounded up to one whole share. The foregoing description of the Certificate of Amendment does not purport to be complete and is qualified in its entirety by reference to the Certificate of Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01 Other Items

Item 8.01 Other Items. On February 23, 2024, we issued a press release with respect to the Split described herein. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

01. Financial Statement and Exhibits

Item 9.01. Financial Statement and Exhibits. (d) Exhibits. Exhibit No. Description 3.1 Certificate of Amendment to Certificate of Incorporation, as amended, filed on February 22, 2024. 99.1 Press Release dated as of February 23, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1

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: February 29, 2024 TREASURE GLOBAL INC By: /s/ Chong Chan "Sam" Teo Name: Chong Chan "Sam" Teo Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR