secwatch.observer — SEC 8-K summary
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Issuer:     Transglobal Management Group, Inc. (TMGI)
CIK:        0001434601
Form:       8-K
Filed at:   2023-06-23T23:59:59+00:00
Accession:  0001683168-23-004396
Event type: debt
Sentiment:  negative
Materiality: 0.30
Item codes: 2.03, 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marquie Group issues $61.1K convertible note at $0.003/share with warrant
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434601/000168316823004396/0001683168-23-004396-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434601/000168316823004396/marquie_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-23-004396

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