secwatch.observer — SEC 8-K summary
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Issuer:     TREASURE GLOBAL INC (TGL)
CIK:        0001905956
Form:       8-K
Filed at:   2025-11-12T23:59:59+00:00
Accession:  0001213900-25-109149
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Treasure Global enters $5M service deal for crypto wallet platform; pays $3.5M upfront
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1905956/000121390025109149/0001213900-25-109149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1905956/000121390025109149/ea0264847-8k_treasure.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-109149

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