secwatch.observer — SEC 8-K summary
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Issuer:     Transglobal Management Group, Inc. (TMGI)
CIK:        0001434601
Form:       8-K
Filed at:   2022-09-30T23:59:59+00:00
Accession:  0001712543-22-000133
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marquie Group exchanges $173K notes for convertible notes; issues 86.6M shares upon conversion.
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434601/000171254322000133/0001712543-22-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434601/000171254322000133/f8k_tmgi09262022.htm
  HTML page:      https://secwatch.observer/filing/0001712543-22-000133

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