Treasure Global Inc. Terminates Material Agreement
Ticker: TGL · Form: 8-K · Filed: Oct 1, 2024 · CIK: 1905956
| Field | Detail |
|---|---|
| Company | Treasure Global Inc (TGL) |
| Form Type | 8-K |
| Filed Date | Oct 1, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001, $2,990,900 |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, material-event
Related Tickers: TGLI
TL;DR
TGLI terminated a key deal, filing an 8-K on 9/25/24.
AI Summary
Treasure Global Inc. reported on September 25, 2024, the termination of a material definitive agreement. The company, incorporated in Delaware with its principal executive office in New York, filed this 8-K to disclose this event. No specific details regarding the agreement or the counterparty were provided in this filing.
Why It Matters
The termination of a material definitive agreement can significantly impact a company's operations, financial standing, and future strategic direction.
Risk Assessment
Risk Level: medium — Termination of a material definitive agreement can signal underlying business issues or a shift in strategy, introducing uncertainty.
Key Numbers
- 001-41476 — SEC File Number (Identifies the company's filing with the SEC.)
- 36-4965082 — IRS Employer Identification Number (Company's tax identification number.)
Key Players & Entities
- TREASURE GLOBAL INC (company) — Registrant
- Delaware (jurisdiction) — State of Incorporation
- New York (location) — Principal Executive Office Location
- September 25, 2024 (date) — Date of earliest event reported
FAQ
What was the specific material definitive agreement that was terminated?
The filing does not specify the details of the material definitive agreement that was terminated.
Who was the counterparty to the terminated agreement?
The filing does not disclose the name of the other party involved in the terminated agreement.
What is the effective date of the termination?
The earliest event reported is September 25, 2024, which is the date of the report.
What are the potential financial or operational impacts of this termination on Treasure Global Inc.?
The filing does not provide information on the potential impacts of the termination.
Why did Treasure Global Inc. decide to terminate this agreement?
The reasons for the termination of the material definitive agreement are not disclosed in this filing.
Filing Stats: 575 words · 2 min read · ~2 pages · Grade level 11.3 · Accepted 2024-10-01 16:30:18
Key Financial Figures
- $0.00001 — h registered Common Stock, par value $0.00001 per share TGL The Nasdaq Stock Mark
- $2,990,900 — ng an aggregate offering price of up to $2,990,900 from time to time through the Sales Age
Filing Documents
- ea0215849-8k_treasure.htm (8-K) — 27KB
- 0001213900-24-084079.txt ( ) — 198KB
- tgl-20240925.xsd (EX-101.SCH) — 3KB
- tgl-20240925_lab.xml (EX-101.LAB) — 33KB
- tgl-20240925_pre.xml (EX-101.PRE) — 22KB
- ea0215849-8k_treasure_htm.xml (XML) — 4KB
02 Termination of Material Definitive Agreement
Item 1.02 Termination of Material Definitive Agreement. As previously disclosed, on March 22, 2024, Treasure Global Inc (the "Company") entered into an At the Market Offering Agreement, or the Sales Agreement, with H.C. Wainwright & Co., LLC ("Wainwright" or the "Sales Agent") relating to for the offer and sell shares of our common stock having an aggregate offering price of up to $2,990,900 from time to time through the Sales Agent, acting as sales agent or principal. On September 25, 2024, Wainwright notified the Company that pursuant to Section 8(b) of the Sales Agreement, Wainwright terminated the Sales Agreement, and the transaction contemplated thereby, effective immediately. No reasons for the termination were provided to the Company by the Sales Agent. A copy of the Sales Agreement was filed as Exhibit 1.1 to the Registration Statement filed with the Commission on March 22, 2024. The description of the Sales Agreement contained in this Current Report on Form 8-K does not purport to be complete and is qualified by reference to the copy of the Sales Agreement filed as Exhibit 1.1 to the Registration Statement filed with the Commission on March 22, 2024.
01. Financial Statement and Exhibits
Item 9.01. Financial Statement and Exhibits. (d) Exhibits. Exhibit No. Description 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: October 1, 2024 TREASURE GLOBAL INC. By: /s/ Carlson Thow Name: Carlson Thow Title: Chief Executive Officer 2