secwatch.observer — SEC 8-K summary
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Issuer:     TREASURE GLOBAL INC (TGL)
CIK:        0001905956
Form:       8-K
Filed at:   2023-10-12T23:59:59+00:00
Accession:  0001013762-23-003549
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Treasure Global amends convertible debenture terms; pays $1.5M to investor, gets share sale floor at $1.00
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- Paid $1,000,000 initial trigger payment plus $500,000 ($467,289.72 principal, $32,710.28 redemption premium) by Oct 6, 2023.
- YA agrees not to sell TGL shares below $1.00 from Oct 5 to Nov 18, 2023, with exceptions for default, non-payment, or issuer consent.
- Subsequent monthly payments under Section 2(a) deferred to Nov 28, 2023, and monthly thereafter until debentures paid in full.
- Floor Price Trigger defined as daily VWAP below $0.25 for 5 of 7 consecutive trading days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1905956/000101376223003549/0001013762-23-003549-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1905956/000101376223003549/ea186667-8k_treasure.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-003549

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer