---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-010642"
form_type: "8-K"
ticker: null
cik: "0001442853"
company_name: "Indo Global Exchange(s) Pte, Ltd."
filed_at: "2024-03-20T23:59:59+00:00"
generated_at: "2026-06-04T11:25:55.716573+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# IGEX acquires 25% stake in St. Andrews Holding for $6M, 12-month payment period

## Summary
- Acquired 25% membership stake in St. Andrews Holding S.L. valued at ~$8.16M for a discounted $6M.
- Payment terms: 12 months to pay preferred investor's contribution without interest; signed March 18, 2024.
- St. Andrews focuses on sustainable marine aquaculture, fingerlings, and gourmet products with 50+ years experience.
- Prior exclusive Oct 2023 agreement for 49% stake at $16M valuation by appraiser RESA CORPORATE FINANCE.

## SEC filing metadata
- accession: 0001493152-24-010642
- form_type: 8-K
- cik: 0001442853
- company_name: Indo Global Exchange(s) Pte, Ltd.
- filed_at: 2024-03-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1442853/000149315224010642/0001493152-24-010642-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1442853/000149315224010642/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-010642
- JSON: https://secwatch.observer/filing/0001493152-24-010642.json
- Plain text: https://secwatch.observer/filing/0001493152-24-010642.txt

## Key facts
- Material Agreements
  Indo Global Exchange(s) Pte, Ltd. entered into a equity purchase with St. Andrews Holding Company S.L. valued at approximately $8.16 million (effective 2024-03-18).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: St. Andrews Holding Company S.L.
  - Value: approximately $8.16 million
  - Effective: 2024-03-18
  source text: on March 18, 2024, IGEX has executed all necessary agreements and acquired 25% of the corporate membership of Saint Andrews S.L. The acquired stake is worth approximately $8.16 million US Dollars. The acquisition was acquired at a discounted price of $6 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1442853/000149315224010642/0001493152-24-010642-index.htm
- Material Agreements
  Indo Global Exchange(s) Pte, Ltd. entered into Confidential and Exclusive Agreement with St. Andrews Holding Company S.L. valued at twelve-million Dollars (effective 2023-10-23).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: St. Andrews Holding Company S.L.
  - Value: twelve-million Dollars
  - Effective: 2023-10-23
  source text: The Company entered into a Confidential and Exclusive Agreement on October 23, 2023, for the acquisition of 49% of the total outstanding capital stock of St. Andrews Holding Company S.L. for twelve-million Dollars.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1442853/000149315224010642/0001493152-24-010642-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.