Transglobal Management Group, Inc. (TMGI) Form 8-K — Oct 7, 2026
On October 2, 2026, Transglobal Management Group (TMGI) signed a Control Share Purchase Agreement under which Third Life World, LLC, controlled by Jorge Guinovart, will acquire all 200 Series A preferred shares representing 80% of the company's voting power for $140,000, triggering a full change of control. As consideration, the company will issue eight Series B preferred shares to sellers Marc and Jacquie Angell, convertible into 4% of outstanding common stock with anti-dilution protection, while CEO Marc Angell will resign and receive a $5,000/month three-month consulting role plus a $115,000 one-time bonus.
Key figures
- Deal Value Usd
- 140000
- Consulting fee
- $5,000/month for 3-month initial term ($15,000 total)
- Closing payment
- $25,000 payable by TMGI at Closing
- Consulting bonus
- $115,000 one-time, vested at signing, payable within 90 days
- Buyer asset value
- $2.5M website/technology asset to be contributed
- Series b conversion
- 4% of outstanding common stock in aggregate (0.5% per share)
- Series a shares sold
- 200
- Voting power acquired
- 80%
- Jacquie note principal
- $2,000,000 (dated September 20, 2022, unalterable)
- Series b shares issued
- 8
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.