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

View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

TREASURE GLOBAL INC filing history →

Source: SEC EDGAR

accession 0001013762-23-004619

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.