InvestmentMay 29, 2026, 04:21 PM
Treasure Global Secures $1.2M Private Placement
AI Summary
Treasure Global Inc. entered into a Subscription Agreement with Legacy Trustee Berhad for a private placement of $1,200,000 of its common stock. The investment will be paid in four equal tranches of $300,000, with completion dates spanning from May 26 to June 23, 2026. The shares will be issued at a price based on the greater of $3.88 or the closing price prior to each tranche's completion, and the company plans to file a registration statement for their resale.
Key Highlights
- Secured $1,200,000 in a private placement of common stock.
- Agreement with Malaysian investor, Legacy Trustee Berhad.
- Investment payable in four equal tranches of $300,000 each.
- Tranche completion dates: May 26, June 2, June 16, and June 23, 2026.
- Shares issued at greater of $3.88 or prior day's closing price.
- Company to file S-1 or S-3 registration statement for resale within 60 days.
Price Impact
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