other material
confidence high
sentiment negative
materiality 0.60
Treasure Global issues 3.5M shares at $0.80 for $2.8M game development deal with Octagram
TREASURE GLOBAL INC
- Service partnership with Octagram Investment for mini-game modules on ZCity App; total fee $2.8M.
- Payment via 3.5M restricted common shares (TGL) at $0.80/share, issued under Regulation S.
- True-up clause: additional shares if 30-day VWAP below $0.80 after 6-month lock-up.
- Agreement term is 5 years; OCTA provides design, development, and ongoing technical support.
- Share issuance is dilutive; shares restricted for 6 months per Rule 144.