secwatch.observer — SEC 8-K summary
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Issuer:     TREASURE GLOBAL INC (TGL)
CIK:        0001905956
Form:       8-K/A
Filed at:   2024-11-22T23:59:59+00:00
Accession:  0001213900-24-101702
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 3.02, 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Treasure Global issues 3.5M shares at $0.80 for $2.8M game development deal with Octagram
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1905956/000121390024101702/0001213900-24-101702-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1905956/000121390024101702/ea0221499-8ka1_treasure.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-101702

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