Treasure Global acquires software from Myviko for $1M in stock

TREASURE GLOBAL INC

Purchase price of $1,000,000 paid in restricted common stock (TGL), issued within 5 business days of March 12, 2024.
Seller Myviko Holding Sdn. Bhd. transfers all rights, title, interest in software and source code to Treasure Global.
Agreement includes UAT testing, conditions precedent, and termination clauses if software fails acceptance tests.
Shares are restricted and not listed on any exchange; issuance exempt from registration under Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TREASURE GLOBAL INC entered into Software Purchase Agreement with Myviko Holding Sdn. Bhd. valued at USD$1,000,000 worth of common stock (effective 2024-03-12).

Action: entry
Agreement: asset purchase
Counterparty: Myviko Holding Sdn. Bhd.
Value: USD$1,000,000 worth of common stock
Effective: 2024-03-12

Exact text from the filing

Treasure Global Inc (the “Company”) and Myviko Holding Sdn. Bhd. (the “Seller”) entered into a Software Purchase Agreement (the “Purchase Agreement”), in which the Seller agreed to transfer all rights, title and interest to the Company, including without limitation, all computer software and its source code and software licenses in exchange for the issuance of USD$1,000,000 worth of common stock

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Source: SEC EDGAR

accession 0001213900-24-023039

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