{"schema_version":"secwatch.filing_event.v1","accession":"0001013762-23-001602","form_type":"8-K","ticker":"TGL","cik":"0001905956","company_name":"TREASURE GLOBAL INC","filed_at":"2023-10-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.366254+00:00","generated_at":"2026-06-10T05:02:24.296524+00:00","sec_items":["2.04","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Treasure Global receives Floor Price Trigger on $3.55M convertible debentures","bullets":["Floor Price Trigger occurred Sept 28, 2023; VWAP < $0.25 for 5 of 7 consecutive trading days.","Company received notice from YA II PN on Sept 29; $3.55M principal outstanding as of Oct 3.","Monthly payments start Oct 10: lesser of $1M or outstanding principal, plus 7% premium and accrued interest.","Payments continue until VWAP > $0.25 for 5 of 7 consecutive trading days or principal repaid."],"urls":{"canonical":"https://secwatch.observer/filing/0001013762-23-001602","json":"https://secwatch.observer/filing/0001013762-23-001602.json","markdown":"https://secwatch.observer/filing/0001013762-23-001602.md","text":"https://secwatch.observer/filing/0001013762-23-001602.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1905956/000101376223001602/0001013762-23-001602-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1905956/000101376223001602/ea186326-9k_treasure.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T05:02:24.296524+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"33ea5c5116a9bc52318833861b1e7edc48ff7dbf","claim":"TREASURE GLOBAL INC faced acceleration on convertible notes of aggregate principal amount of up to $5,500,000 with YA II PN, Ltd. at 4% per annum maturing twelve months.","evidence_excerpt":"to the Securities Purchase Agreement the Buyer purchased two unsecured convertible debentures (the “ Convertible Debentures ”), in the aggregate principal amount of up to $5,500,000. Each of the Convertible Debentures has a term of twelve months and bears interest at 4% per annum. As of October 3, 2023 an aggregate of $3,550,000 remain outstanding under the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1905956/000101376223001602/0001013762-23-001602-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"aggregate principal amount of up to $5,500,000"},{"label":"Counterparty","value":"YA II PN, Ltd."},{"label":"Rate","value":"4% per annum"},{"label":"Maturity","value":"twelve months"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}