8-K
filed June 23, 2023, 7:59 PM ET
ticker TMGI
CIK 0001434601
debt
confidence high
sentiment negative
materiality 0.30
Transglobal Management Group, Inc. (TMGI): debt financing — Marquie Group issues $61.1K convertible note at $0.003/share with warrant
Transglobal Management Group, Inc.
- Issued $61,100 principal note for $55,000 cash to MacRab, LLC; effective April 10, 2023.
- Note bears 12% interest, matures April 10, 2024; default rate increases to 16%.
- Convertible into common at $0.003/share; subject to anti-dilution adjustments.
- Also issued warrant to purchase 12,220,000 shares as additional consideration.
- Sale exempt under Section 4(2) to an accredited investor; no underwriting discounts.
Key facts
Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Transglobal Management Group, Inc. incurred convertible notes of $61,100 at 12% per annum maturing April 10, 2024.
- Instrument
- convertible notes
- Principal
- $61,100
- Rate
- 12% per annum
- Maturity
- April 10, 2024
- Event
- incurrence
Exact text from the filing
On April 10, 2023 (the “Closing Date”), The Marquie Group, Inc. (the “Company”) entered into a Securities Purchase Agreement (“SPA”) in connection with the issuance of a discounted convertible promissory note (“Note”) in the aggregate principal amount of $61,100 for cash consideration of $55,000. The Note matures on April 10, 2024 (the “Maturity Date”), and bears interest at the rate of 12% per annum.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Transglobal Management Group, Inc. entered into Securities Purchase Agreement (effective 2023-04-10).
- Action
- entry
- Agreement
- equity purchase
- Effective
- 2023-04-10
Exact text from the filing
On April 10, 2023 (the “Closing Date”), The Marquie Group, Inc. (the “Company”) entered into a Securities Purchase Agreement (“SPA”) in connection with the issuance of a discounted convertible promissory note (“Note”) in the aggregate principal amount of $61,100 for cash consideration of $55,000.
View on SEC.gov
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