secwatch.observer — SEC 8-K summary
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Issuer:     Transglobal Management Group, Inc. (TMGI)
CIK:        0001434601
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001712543-22-000018
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marquie Group settles $471.75K in convertible debt for $200K cash; cancels 529.9M warrants
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- Settled $308,750 Auctus notes and warrants for 529,875,000 shares for $150K cash.
- Settled $163,000 EMA notes for $50K cash.
- Total cash payout $200K extinguishes ~$471.75K face debt plus all conversion/exercise rights.
- Mutual releases granted; reserved shares to be returned to treasury.
- CEO Marc Angell signed both agreements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434601/000171254322000018/0001712543-22-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434601/000171254322000018/f8k_tmgi2222022.htm
  HTML page:      https://secwatch.observer/filing/0001712543-22-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer