Treasure Global amends 8-K to correct payment details under YA II PN agreement: $1.09M trigger payment, $500K additional

TREASURE GLOBAL INC

Corrects first bullet of Item 1.01 in original Oct 12, 2023 8-K; payment of $1,092,071 initial Trigger Payment plus $500,000 additional payment.
Of the $500,000, $467,289.72 applied to principal reduction of Convertible Debentures, $32,710.28 as 7% Redemption Premium.
YA agreed not to sell shares below $1.00 from Oct 5 to Nov 18, 2023, with exceptions for Event of Default or issuer consent.
Monthly Trigger Event payments deferred until Nov 28, 2023; obligation ceases if daily VWAP > $0.25 for 5 of 7 consecutive trading days.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

TREASURE GLOBAL INC entered into Agreement with YA II PN, Ltd with YA II PN, Ltd valued at initial Trigger Payment $1,092,071 plus additional payment $500,000; deferral of monthly payments, s (effective 2023-10-05).

Action: entry
Counterparty: YA II PN, Ltd
Value: initial Trigger Payment $1,092,071 plus additional payment $500,000; deferral of monthly payments, s
Effective: 2023-10-05

Exact text from the filing

Treasure Global Inc (the "Company") entered into an agreement (the "Agreement") with YA II PN, Ltd, a Cayman Islands exempt limited partnership ("YA"), on October 10, 2023, effective as of October 5, 2023

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Source: SEC EDGAR

accession 0001013762-23-004619

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