other material
confidence high
sentiment neutral
materiality 0.50
Treasure Global enters $2M software agreement, terminates prior RM11.7M contract
TREASURE GLOBAL INC
- New agreement with Keen Success Technology Ltd for Tazte app development, total contract price USD 2,000,000, payable in cash, shares, or combination at TGL's discretion.
- Termination of prior Software Enhancement Agreement with Apexcode Innovations Sdn. Bhd. dated March 11, 2026, contract price RM11,700,000.
- Apexcode completed Phase 1 Deliverables; TADAA waived refund of RM3,900,000 first milestone payment; IP in Phase 1 remains with TADAA.
- Mutual releases of claims between TADAA and Apexcode under Termination Agreement.