TREASURE GLOBAL INC (TGL) Form 8-K — Oct 20, 2026
Treasure Global Inc (Nasdaq: TGL) entered subscription agreements dated October 15, 2026 with three Malaysian investors for an aggregate US$1.2 million raise, with each investor purchasing US$400,000 of common stock in two US$200,000 tranches between October and December 2026. All three investors are related persons: Acting CEO and Executive Director Teo Chong Chan, CFO Pusparajan a/l Vadiveloo, and Executive Director Chan Meng Chun. The offering is exempt under Regulation S, and payments may be made in cash, wire, or USDT at a fixed $1.00 rate. Shares are priced at the greater of $0.45 or the prior-day closing price, implying roughly 2,666,666 new shares if priced at the floor.
Key figures
- Gross Proceeds
- 1200000
- Offering Price
- $0.45 Execution Date Price per share (actual price is greater of $0.45 or prior-day closing price)
- Shares Offered
- approximately 2,666,666 shares if all tranches priced at $0.45
- Tranche payment
- $200,000 per tranche
- Number of investors
- 3
- Per investor amount
- $400,000
- Usdt payment option
- Payments may be made in USDT at fixed $1.00 rate
- Regulation s exemption
- Yes
- Six month distribution compliance period
- Yes
AI analysis
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