other material
confidence high
sentiment neutral
materiality 0.70
Treasure Global enters $5M service deal for crypto wallet platform; pays $3.5M upfront
TREASURE GLOBAL INC
- Service agreement with Myviko Holding Sdn Bhd for digital currency wallet and exchange platform services.
- Total fee of $5 million; upfront payment of $3.5M: $100k cash and $3.4M in stock.
- Stock issued at $1.10/share, equating to ~3.09M restricted shares with 6-month lockup.
- Shares issued under Regulation S exemption; term of one year from Nov 10, 2025.
- Failure of acceptance tests after three attempts triggers termination and full refund of fees.