debt
confidence high
sentiment neutral
materiality 0.60
Marquie Group exchanges $173K notes for convertible notes; issues 86.6M shares upon conversion.
Transglobal Management Group, Inc.
- Entered Exchange Agreements on Sept 26, 2022 to replace $173,174 in outstanding notes with 12% convertible notes at $0.002/share.
- All Exchange Notes were immediately converted into 86,587,000 unrestricted shares of common stock.
- Noteholders are accredited investors; transaction exempt under Section 3(a)(9) and Section 4(2) of Securities Act.
- No additional consideration beyond note surrender; no brokerage commissions or underwriting discounts paid.