other material
confidence high
sentiment neutral
materiality 0.45
Treasure Global amends AI services deal; excess $5.2M paid to be converted to V Gallant shares
TREASURE GLOBAL INC
- Original $16M fee reduced to $10.8M; TGL had already paid $16M in full.
- Excess $5.2M to be converted into 1.3M shares of V Gallant Limited at $4.00/share.
- No further payment obligations to V Gallant under the amended agreement.
- V Gallant to provide semi-annual share valuation reports to TGL at no cost.