TREASURE GLOBAL INC (TGL) Form 8-K — May 29, 2026
Treasure Global Inc (TGL) entered into a Subscription Agreement with Legacy Trustee Berhad for a private placement of common stock totaling $1.2 million. The investment is structured in four equal tranches of $300,000 each, with the first tranche closing on May 26, 2026, and subsequent tranches closing on June 2, June 16, and June 23, 2026. The number of shares issued per tranche is calculated by dividing the $300,000 payment by the greater of $3.88 per share (the Execution Date Price) or the closing stock price on the day prior to each tranche's completion date.
Key figures
- Gross Proceeds
- 1200000
- Offering Price
- 3.88
- Tranche payment
- 300000
- Number of tranches
- 4
- Execution date price
- 3.88
Price after filing
Close on the filing date to close N calendar days later (from $4.30). Historical, not a forecast.
AI analysis
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