secwatch.observer — SEC 8-K summary
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Issuer:     TREASURE GLOBAL INC (TGL)
CIK:        0001905956
Form:       8-K/A
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0001013762-23-004619
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1905956/000101376223004619/0001013762-23-004619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1905956/000101376223004619/ea186911-8ka1_treasure.htm
  HTML page:      https://secwatch.observer/filing/0001013762-23-004619

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