---
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"
generated_at: "2026-06-10T05:02:24.296524+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Treasure Global receives Floor Price Trigger on $3.55M convertible debentures

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.04, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013762-23-001602
- JSON: https://secwatch.observer/filing/0001013762-23-001602.json
- Plain text: https://secwatch.observer/filing/0001013762-23-001602.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: aggregate principal amount of up to $5,500,000
  - Counterparty: YA II PN, Ltd.
  - Rate: 4% per annum
  - Maturity: twelve months
  - Event: acceleration
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1905956/000101376223001602/0001013762-23-001602-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.