Form 8-K/A - Current report: [Amend]
October 18 2023 - 6:08AM
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
CURRENT REPORT
(Amendment No. 1)
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
October 5, 2023
TREASURE GLOBAL INC
(Exact name of registrant as specified in its charter)
Delaware |
|
001-41476 |
|
36-4965082 |
(State or other jurisdiction
of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification Number) |
276 5th Avenue, Suite 704 #739
New York, New York |
|
10001 |
(Address of registrant’s principal executive office) |
|
(Zip code) |
+6012 643 7688
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading symbol(s) |
|
Name of each exchange on which
registered |
Common Stock, par value $0.00001 per share |
|
TGL |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Explanatory Note
This
Amendment No. 1 to the Current Report on Form 8-K amends Item 1.01 of the Current Report on Form 8-K filed on October 12, 2023 (the
“Original Form 8-K”) solely to correct the first bullet point of Item 1.01 in the Original Form 8-K. No other edits have
been made to the Original Form 8-K.
Item 1.01 Entry into a Material Definitive Agreement.
Treasure Global Inc (the “Company”)
entered into an agreement (the “Agreement”) with YA II PN, Ltd, a Cayman Islands exempt limited partnership (“YA”),
on October 10, 2023, effective as of October 5, 2023, in which:
| ● | On
October 6, 2023, the Company made a payment to the Investor that consisted of the (i) initial Trigger Payment in the amount of $1,092,071
and (ii) an additional payment in the amount of $500,000 (of which $467,289.72 was applied as an additional reduction in the principal
amount of the Convertible Debentures and $32,710.28 paid the associated 7% Redemption Premium). |
| ● | YA
agreed that, except as set forth below, beginning on October 5, 2023 and ending on November 18, 2023, it shall not sell any shares of
common stock of the Company at a price per share less than $1.00. The limitation agreed by YA shall not apply (i) at any time upon the
occurrence and during the continuance of an Event of Default or (ii) upon the prior written consent of the Issuer. |
| ● | YA
agreed that any subsequent monthly payments that may become due pursuant to Section 2(a) of the Convertible Debentures based on the Trigger
Event shall be deferred until November 28, 2023, and continuing on the same day of each successive calendar month thereafter until the
Convertible Debentures are paid in full, unless such payment obligation has ceased in accordance with Section 2(a) of the Convertible
Debentures. |
Section 2(a) of the Convertible Debentures provide
that the obligation to make payments as a result of the Trigger Event ceases when the daily VWAP is greater than the Floor Price for a
period of 5 of 7 consecutive trading days in the event of a Floor Price Trigger (as defined below) unless a new Trigger Event occurs.
“Floor Price Trigger” shall mean the
daily VWAP is less than the $0.25 during a period of any 5 of 7 consecutive trading days.
The foregoing description of the Agreement is
not intended to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed
as Exhibit 10.1 hereto and incorporated by reference herein. Capitalized terms used and not
otherwise defined herein shall have the meanings given to them in either the Securities Purchase Agreement dated as of September
28, 2023, between the Company and YA, a copy of which is filed hereto as Exhibit 10.2 and incorporated by reference herein, or the two
unsecured convertible debentures issued by the Company to YA (the “Convertible Debentures”), a copy of the form is filed hereto
as Exhibit 10.3 and incorporated by reference herein.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: October 18, 2023 |
TREASURE GLOBAL INC. |
|
|
|
|
By: |
/s/ Chong Chan “Sam” Teo |
|
Name: |
Chong Chan “Sam” Teo |
|
Title: |
Chief Executive Officer |
3
v3.23.3
Cover
|
Oct. 05, 2023 |
Cover [Abstract] |
|
Document Type |
8-K/A
|
Amendment Flag |
true
|
Amendment Description |
This
Amendment No. 1 to the Current Report on Form 8-K amends Item 1.01 of the Current Report on Form 8-K filed on October 12, 2023 (the
“Original Form 8-K”) solely to correct the first bullet point of Item 1.01 in the Original Form 8-K. No other edits have
been made to the Original Form 8-K.
|
Document Period End Date |
Oct. 05, 2023
|
Entity File Number |
001-41476
|
Entity Registrant Name |
TREASURE GLOBAL INC
|
Entity Central Index Key |
0001905956
|
Entity Tax Identification Number |
36-4965082
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
276 5th Avenue
|
Entity Address, Address Line Two |
Suite 704 #739
|
Entity Address, City or Town |
New York
|
Entity Address, State or Province |
NY
|
Entity Address, Postal Zip Code |
10001
|
City Area Code |
+6012
|
Local Phone Number |
643 7688
|
Written Communications |
false
|
Soliciting Material |
false
|
Pre-commencement Tender Offer |
false
|
Pre-commencement Issuer Tender Offer |
false
|
Title of 12(b) Security |
Common Stock, par value $0.00001 per share
|
Trading Symbol |
TGL
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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|
Elected Not To Use the Extended Transition Period |
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