---
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"
generated_at: "2026-06-18T19:06:13.910808+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Treasure Global signs up to $5.5M convertible debt facility; initial $2M drawn

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001575872-23-000312
- JSON: https://secwatch.observer/filing/0001575872-23-000312.json
- Plain text: https://secwatch.observer/filing/0001575872-23-000312.txt

## Key facts
- Material Agreements
  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).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: YA II PN, Ltd.
  - Value: Aggregate principal amount of up to $5,500,000.00 in unsecured convertible debentures
  - Effective: 2023-02-28
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1905956/000157587223000312/0001575872-23-000312-index.htm

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