Financing ·
Treasure Global Inc enters into agreements to raise up to $1.2M in equity from three related investors
TGLTreasure Global Inc
Treasure Global Inc entered into separate Subscription Agreements with three Malaysian investors, including Acting CEO Teo Chong Chan and CFO Pusparajan a/l Vadiveloo, to purchase up to US$400,000 of common stock each. The aggregate offering totals US$1,200,000, structured in two equal tranches per investor. Shares will be issued at the greater of $0.45 or the preceding day's closing price, potentially resulting in approximately 2,666,666 shares if priced at the minimum. The transaction relies on Regulation S and involves restricted securities subject to Rule 144. Treasure Global Inc operates in the digital entertainment and gaming industry.