DealsSep 29, 2026, 11:06 AM
Treasure Global Reduces Software Project Fees by $1M to $1M; Pays $500K in Shares
AI Summary
Treasure Global Inc. (TGL) has entered into a Supplemental Agreement with Mestiz Technology Sdn Bhd, reducing the total service fees for a software development project from $2,000,000 to $1,000,000. The company has already satisfied the first milestone payment of $500,000 through TGL Shares. The remaining $500,000 will be paid in two installments upon mobilization of Phase 2 and Phase 3, with payment flexibility in cash or TGL Shares. The scope of services, focused on a Microsoft Power BI Business Intelligence solution, has also been revised.
Key Highlights
- Treasure Global Inc. amends Software Development Agreement with Mestiz Technology Sdn Bhd.
- Total Service Fees reduced from $2,000,000 to $1,000,000.
- Company has already issued $500,000 worth of TGL Shares for Milestone 1.
- Remaining $500,000 payable in two milestones: $250,000 each for Phase 2 and Phase 3 mobilization.
- Payment for remaining milestones can be in cash, TGL Shares, or a combination thereof.
- Revised scope covers design, development, integration, and implementation of a centralized Microsoft Power BI Business Intelligence solution.
Price Impact
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