other material
confidence medium
sentiment neutral
materiality 0.45
TGL amends Credilab partnership, increases profit share to 50%, issues stock for $2M payment
TREASURE GLOBAL INC
- TGL agrees to pay $2M to Credilab; portion paid in unregistered common stock under Regulation S.
- Profit-sharing ratio raised from 1/3 to 1/2 of annual interest revenue from portfolio clients.
- Partnership includes development of AI chatbot and digital wallet for ZCity App.
- Shares issued are exempt from registration under Regulation S; no specific share count disclosed.
- Partnership has a 5-year term; TGL may also pay balance in cash or stock at its discretion.