Marquie Group Enters Material Definitive Agreement
Ticker: TMGI · Form: 8-K · Filed: Nov 15, 2024 · CIK: 1434601
| Field | Detail |
|---|---|
| Company | Marquie Group, INC. (TMGI) |
| Form Type | 8-K |
| Filed Date | Nov 15, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $1,250,000, $0.0001, $10,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-statements, company-name-change
TL;DR
Marquie Group signed a big deal on 9/27/24, filing includes financials.
AI Summary
On September 27, 2024, Marquie Group, Inc. entered into a material definitive agreement. The filing also includes financial statements and exhibits related to this event. The company, formerly known as Zhong Sen International Tea Co. and Music of Your Life Inc., is incorporated in Florida and operates in the radio broadcasting stations industry.
Why It Matters
This filing indicates a significant new contract or partnership for Marquie Group, Inc., which could impact its future business operations and financial performance.
Risk Assessment
Risk Level: medium — The filing details a material definitive agreement, which could represent a significant opportunity or risk depending on the terms not fully disclosed in this summary.
Key Players & Entities
- Marquie Group, Inc. (company) — Registrant
- September 27, 2024 (date) — Date of earliest event reported
- Zhong Sen International Tea Co. (company) — Former company name
- Music of Your Life Inc. (company) — Former company name
- Florida (jurisdiction) — State of Incorporation
FAQ
What is the nature of the material definitive agreement entered into by Marquie Group, Inc. on September 27, 2024?
The filing states that Marquie Group, Inc. entered into a material definitive agreement on September 27, 2024, but the specific details of this agreement are not provided in the summary.
What other information is included in this 8-K filing besides the material definitive agreement?
This 8-K filing also includes financial statements and exhibits related to the material definitive agreement.
When was Marquie Group, Inc. previously known by other names?
Marquie Group, Inc. was formerly known as Zhong Sen International Tea Co. (with a name change date of 20190306 and 20080507) and Music of Your Life Inc. (with a name change date of 20130805).
In which state is Marquie Group, Inc. incorporated?
Marquie Group, Inc. is incorporated in Florida.
What is the primary business of Marquie Group, Inc. according to its SIC code?
According to its Standard Industrial Classification (SIC) code, Marquie Group, Inc. operates in RADIO BROADCASTING STATIONS [4832].
Filing Stats: 1,175 words · 5 min read · ~4 pages · Grade level 14.5 · Accepted 2024-11-15 17:00:51
Key Financial Figures
- $1,250,000 — ion two-hundred fifty thousand dollars ($1,250,000) of the Company's common stock to be so
- $0.0001 — s, there is a minimum purchase price of $0.0001 under the Equity Commitment Agreement,
- $10,000 — ed for certain expenses, not to succeed $10,000, and receive a commission of 4.5% of an
Filing Documents
- marquie_8k.htm (8-K) — 34KB
- tmgi_ex1001.htm (EX-10.1) — 151KB
- 0001683168-24-008184.txt ( ) — 386KB
- tmgi-20240927.xsd (EX-101.SCH) — 3KB
- tmgi-20240927_lab.xml (EX-101.LAB) — 33KB
- tmgi-20240927_pre.xml (EX-101.PRE) — 24KB
- marquie_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On September 27, 2024, the Company entered into the Equity Commitment Agreement by and among the Company, and MacRab, LLC a Florida Limited Liability Company (the "Selling Stockholder"), pursuant to which MacRab has agreed to purchase up to one million two-hundred fifty thousand dollars ($1,250,000) of the Company's common stock to be sold at a 20% discount to the average of the two (2) lowest Volume Weighted Average Price of the Issuer's common stock during the five (5) trading days after the clearing date. Furthermore, the put shares issuable from the Equity Commitment Agreement must be registered with the SEC in a current registration statement and MacRab shall only be required to purchase up to 4.99% of the issued and outstanding shares of common stock of the Company. The registration rights of MacRab are outlined in the Registration Rights Agreement filed as an exhibit to this report and details the obligations of the Company. Under applicable SEC rules and relevant Exchange Act Compliance and Disclosure Interpretations, we are registering 1,250,000,000 shares of common stock that may be issued pursuant to the Equity Commitment Agreement and sold by the Selling Stockholder. However, because the actual date and price per share for the issuance of shares under the Equity Commitment Agreement is unknown, the actual purchase price for the shares is unknown. Accordingly, we caution readers that, although we are registering 1,250,000,000 shares, there is a minimum purchase price of $0.0001 under the Equity Commitment Agreement, and therefore a potential for a maximum of 15,000,000,000 shares that may be issued by the Company pursuant to the Equity Commitment Agreement. Therefore, the number of shares issued from the Equity Commitment Agreement may be substantially greater than the number of shares being registered hereunder. The Selling Stockholder has engaged Wilson Davis & Co., Inc. to act as broker-dealer in
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Securities Purchase Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3 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 hereunto duly authorized. The Marquie Group, Inc. Date: November 15, 2024 By: /s/ Marc Angell Name: Marc Angell Title: Chief Executive Officer 4