{"schema_version":"secwatch.filing_event.v1","accession":"0001575872-23-000312","form_type":"8-K","ticker":"TGL","cik":"0001905956","company_name":"TREASURE GLOBAL INC","filed_at":"2023-03-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.423918+00:00","generated_at":"2026-06-18T19:06:13.910808+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Treasure Global signs up to $5.5M convertible debt facility; initial $2M drawn","bullets":["Issued $2M convertible debenture at 92% of face value; second $3.5M tranche subject to SEC registration and shareholder approval.","Convertible at lower of $1.6204 fixed price or 93% of 10-day VWAP, floor $0.25; 4% interest, 12-month term.","Proceeds to fund product development, working capital, and general corporate purposes.","EF Hutton acted as exclusive placement agent.","Exchange cap of 3,455,894 shares unless stockholder approval obtained; monthly conversion limited to 25% of dollar volume or $1.1M."],"urls":{"canonical":"https://secwatch.observer/filing/0001575872-23-000312","json":"https://secwatch.observer/filing/0001575872-23-000312.json","markdown":"https://secwatch.observer/filing/0001575872-23-000312.md","text":"https://secwatch.observer/filing/0001575872-23-000312.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1905956/000157587223000312/0001575872-23-000312-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1905956/000157587223000312/tgl-010320223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T19:06:13.910808+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"88a84c9be64b31b3ca8094fcb22892dc58dc2eb0","claim":"TREASURE GLOBAL INC entered into Securities Purchase Agreement with YA II PN, Ltd. valued at Aggregate principal amount of up to $5,500,000.00 in unsecured convertible debentures (effective 2023-02-28).","evidence_excerpt":"On February 28, 2023, Treasure Global Inc, a Delaware corporation (the “ Company ”), entered into a Securities Purchase Agreement (the “ Securities Purchase Agreement ”) with YA II PN, Ltd., a Cayman Islands exempt limited partnership (the “ Buyer ”), pursuant to which the Buyer subject to certain closing conditions, agreed to purchase two unsecured convertible debentures (the “ Convertible Debentures ”), in the aggregate principal amount of up to $5,500,000.00 in a private placement (the “ Private Placement ”) for a purchase price with respect to each Convertible Debenture of 92% of the initial principal amount of such Convertible Debenture.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1905956/000157587223000312/0001575872-23-000312-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"YA II PN, Ltd."},{"label":"Value","value":"Aggregate principal amount of up to $5,500,000.00 in unsecured convertible debentures"},{"label":"Effective","value":"2023-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}