secwatch.observer — SEC 8-K summary
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Issuer:     TREASURE GLOBAL INC (TGL)
CIK:        0001905956
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001013762-23-001602
Event type: debt
Sentiment:  negative
Materiality: 0.70
Item codes: 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1905956/000101376223001602/0001013762-23-001602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1905956/000101376223001602/ea186326-9k_treasure.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-001602

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