Treasure Global Inc. Files 8-K for Material Definitive Agreement

TL;DR

TGI signed a big deal on 5/24, details to come.

AI Summary

On May 24, 2024, Treasure Global Inc. entered into a material definitive agreement. The company, incorporated in Delaware with its principal executive office in New York, filed an 8-K report detailing this event. The filing does not specify the nature of the agreement or any associated dollar amounts.

Why It Matters

This filing indicates a significant new agreement for Treasure Global Inc., which could impact its business operations and future financial performance.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement, but the lack of specific details about the agreement introduces uncertainty.

Key Players & Entities

• Treasure Global Inc. (company) — Registrant
• May 24, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• New York (location) — Principal executive office location

FAQ

Key Financial Figures

• $0.00001 — h registered Common Stock, par value $0.00001 per share TGL The Nasdaq Stock Mark
• $148,500 — xchange for a total of approximately USD$148,500, of which shall be payable by the Purch

Filing Documents

• ea0206877-8k_treasure.htm (8-K) — 27KB
• ea020687701ex10-1_treasure.htm (EX-10.1) — 127KB
• ex10-1_001.jpg (GRAPHIC) — 1KB
• 0001213900-24-047076.txt ( ) — 347KB
• tgl-20240524.xsd (EX-101.SCH) — 3KB
• tgl-20240524_lab.xml (EX-101.LAB) — 33KB
• tgl-20240524_pre.xml (EX-101.PRE) — 22KB
• ea0206877-8k_treasure_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement On May 24, 2024, Treasure Global Inc (the "Company"), Jeffrey Goh Sim Ik (the "Purchaser") and Koo Siew Leng (the "Guarantor") entered into a Share Sale and Purchase Agreement (the "Agreement"), in which the Company agreed to sell all of the capital shares it owns in Foodlink Global Sdn Bhd, a company incorporated under the laws of Malaysia ("Foodlink"), which represents all of the issued and outstanding capital shares of Foodlink, to the Purchaser, in exchange for a total of approximately USD$148,500, of which shall be payable by the Purchaser to the Company as follows: (i) an initial deposit payable on May 24, 2024; and (ii) the balance of the purchase price payable in eight installment payments starting from May 24, 2024. The total sale price is equivalent to the Company's initial total capital investment in Foodlink and as such, the Company is recovering 100% of its initial investment in Foodlink. In the event that the Purchaser fails to perform its obligations under the Agreement, the Guarantor agreed to guarantee the installment payments payable pursuant to the terms of the Agreement. The Agreement contains customary representations and warranties and covenants made by each of the Purchaser and the Company as of the date of the Agreement or other specified dates. The foregoing description of the Agreement is not intended to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated by reference herein.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit Description 10.1 Share Sale and Purchase Agreement dated as of May 24, 2024, by and between the Company, Jeffrey Goh Sim Ik and Koo Siew Leng 104 Cover Page Interactive Data File (embedded with 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: May 28, 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