DealsOct 20, 2026, 05:06 PM
Treasure Global Inc. Raises $1.2M via Share Subscription Agreements
AI Summary
Treasure Global Inc. has entered into material definitive agreements with three investors, including key management personnel, to sell an aggregate of $1.2 million in common stock. The sales are being conducted under Regulation S, targeting non-U.S. persons, with payments accepted in cash or USDT. The share price will be determined by the greater of $0.45 or the prevailing market price at the time of completion, and the issued shares will be restricted securities.
Key Highlights
- Treasure Global Inc. enters into Subscription Agreements with three investors for an aggregate of $1.2 million.
- Each investor will purchase $400,000 of common stock in two $200,000 tranches.
- The offering is made in reliance on Regulation S, targeting non-U.S. persons.
- Payment can be made in cash or USDT, with USDT valued at a fixed rate of $1.00.
- The purchase price per share is the greater of $0.45 or the closing price on the day before completion.
- Investors include the Company's Acting CEO, CFO, and an Executive Director.
- Shares issued are restricted securities subject to Rule 144 and a six-month distribution compliance period.
Price Impact
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