DealsOct 8, 2026, 06:07 AM
Transglobal Management Group Changes Control for $140,000
AI Summary
Transglobal Management Group, Inc. announced a change in control through a Control Share Purchase Agreement. Third Life World, LLC acquired 80% voting control of the Company by purchasing 200 shares of Series A Preferred Stock for $140,000. In connection with the transaction, the Company issued eight shares of Series B Preferred Stock to the Sellers, which are convertible into 4% of the Company's outstanding Common Stock. Marc Angell will remain as an independent consultant for an initial three-month term at $5,000 per month and will receive a one-time consulting bonus of $115,000. Buyer will also contribute certain technology assets to the Company.
Key Highlights
- Third Life World, LLC acquired 80% voting control of Transglobal Management Group, Inc. for $140,000.
- Buyer acquired 200 shares of Series A Preferred Stock, representing 80% of the Company's voting power.
- Company issued 8 shares of Series B Preferred Stock to Sellers, convertible into 4% of outstanding Common Stock.
- Marc Angell retained as an independent consultant for 3 months at $5,000/month.
- Marc Angell to receive a one-time consulting bonus of $115,000.
- Buyer to contribute certain technology assets to the Company.
- Company to reimburse Marc Angell for reasonable, pre-approved expenses.
Price Impact
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