other material
confidence high
sentiment neutral
materiality 0.30
Treasure Global amends AI services deal with V Gallant, adds cloud infra scope
TREASURE GLOBAL INC
- Supplemental agreement dated March 24, 2025 modifies original $16M service agreement with V Gallant.
- New scope requires V Gallant to install GPU servers, build AI cloud infrastructure, and implement security measures.
- Total consideration unchanged at $16M payable in TGL shares at $0.67 per share.
- Original Clause 2 and Schedule 1 deleted; fees now explicitly include all hardware and software components.
- Shares to be issued under Regulation S exemption from registration.