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Sagtec Global (SAGT) resolves Helena lawsuit with $250,000 settlement

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Sagtec Global Limited has entered into a Confidential Settlement Agreement and Mutual General Release with Helena Global Investment Opportunities I Ltd. to resolve a New York court dispute arising from a July 11, 2025 purchase agreement. Sagtec agreed to pay Helena a total of $250,000, consisting of $100,000 already paid on execution and a final $150,000 due within ninety days of March 20, 2026, by wire transfer. Upon full and timely payment, both parties will grant mutual releases of all claims related to the action, which Helena has already voluntarily dismissed without prejudice. The agreement includes confidentiality, non-disparagement, mutual releases and an express denial of wrongdoing by both parties. Sagtec states it does not expect this settlement to have a material adverse effect on its financial condition or results of operations.

Positive

  • None.

Negative

  • None.
Total settlement amount $250,000 Aggregate payment to Helena under settlement agreement
Initial settlement payment $100,000 Paid upon execution of settlement agreement on March 20, 2026
Final settlement payment $150,000 Due within ninety days of March 20, 2026
Governing law State of New York Settlement Agreement governed by New York law
Jurisdiction for enforcement New York state courts Exclusive jurisdiction for enforcing settlement
Confidential Settlement Agreement and Mutual General Release legal
"the Company entered into a Confidential Settlement Agreement and Mutual General Release"
mutual releases legal
"The Settlement Agreement includes customary provisions, including mutual releases"
non-disparagement obligations legal
"including mutual releases, confidentiality and non-disparagement obligations"
notice of voluntary dismissal legal
"Helena has filed a notice of voluntary dismissal of the Action without prejudice"
material adverse effect financial
"The Company does not expect the Settlement Agreement to have a material adverse effect"
A material adverse effect is a significant negative change or event that substantially reduces a company’s business, financial condition, or future prospects — think of it like a sudden major engine failure that makes a car unreliable. Investors care because such an event can lower expected profits, trigger contract clauses (allowing counterparties to renegotiate or walk away), and prompt swift stock-price reassessment based on the higher risk and uncertainty.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2026

 

Commission File Number: 001-42551

 

SAGTEC GLOBAL LIMITED

(Registrant’s Name)

 

Lot 6-2, Level 9, Equatorial Plaza,

Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia

 

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F Form 40-F

 

 

  

 

 

 

INFORMATION CONTAINED IN THIS CURRENT REPORT

 

As previously disclosed in the Company’s Form 6-K filed on February 11, 2026, Helena Global Investment Opportunities I Ltd. (“Helena”) previously filed a complaint against Sagtec Global Limited (the “Company”) in the Supreme Court of the State of New York, County of New York (the “Action”), alleging claims arising out of a purchase agreement entered into between the parties dated July 11, 2025.

 

On March 20, 2026, the Company entered into a Confidential Settlement Agreement and Mutual General Release (the “Settlement Agreement”) with Helena to resolve a dispute arising from the Action. Pursuant to the Settlement Agreement, and without any admission of liability by either party, the parties agreed to fully and finally resolve all claims relating to the Action.

 

As part of the settlement, Sagtec agreed to pay Helena an aggregate amount of $250,000 (the “Settlement Amount”), payable as follows: (i) an initial payment of $100,000 upon execution of the Settlement Agreement, which has been paid as of the date of this current report, and (ii) a final payment of $150,000 within ninety (90) days of the execution date. All payments are to be made by wire transfer of immediately available funds in accordance with instructions provided by Helena’s counsel.

 

As of the date of this current report, Helena has filed a notice of voluntary dismissal of the Action without prejudice. Upon Sagtec’s full and timely payment of the Settlement Amount, Helena will release Sagtec and its affiliates from any and all claims relating to the Action, and Sagtec will provide a corresponding release to Helena.

 

The Settlement Agreement includes customary provisions, including mutual releases, confidentiality and non-disparagement obligations, and a denial of wrongdoing by each party. The agreement also provides that, in the event Sagtec fails to make the final payment when due, Helena may pursue enforcement of the Settlement Agreement and recover any outstanding amounts, together with attorneys’ fees and costs.

 

The Settlement Agreement is governed by the laws of the State of New York, and the parties have agreed to the exclusive jurisdiction of the courts of the State of New York for purposes of enforcement.

 

The Company entered into the Settlement Agreement to resolve the Action and avoid the costs, uncertainty, and distraction associated with continued litigation. The Company does not expect the Settlement Agreement to have a material adverse effect on its financial condition or results of operations.

 

1

 

 

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, thereunto duly authorized.

 

SAGTEC GLOBAL LIMITED  
     
By: /s/ Ng Chen Lok  
Name: Ng Chen Lok  
Title: Chairman, Chief Executive Officer and
Executive Director
 

 

Date: April 21, 2026

 

2

FAQ

What dispute did Sagtec Global Limited (SAGT) settle with Helena?

Sagtec Global Limited settled a dispute with Helena Global Investment Opportunities I Ltd. related to a July 11, 2025 purchase agreement. The matter was pending in the Supreme Court of the State of New York and has now been resolved through a negotiated settlement.

How much is Sagtec Global Limited (SAGT) paying under the settlement?

Sagtec agreed to pay Helena an aggregate settlement amount of $250,000. This includes an initial payment of $100,000 already made on execution and a final payment of $150,000 due within ninety days of March 20, 2026.

When will Sagtec Global Limited (SAGT) complete its settlement payments?

Sagtec has already paid $100,000 upon execution of the settlement agreement on March 20, 2026. A remaining $150,000 payment is due within ninety days of that execution date, also by wire transfer of immediately available funds.

What happens to the New York lawsuit against Sagtec Global Limited (SAGT)?

Helena has filed a notice of voluntary dismissal of the New York action without prejudice. After Sagtec fully and timely pays the $250,000 settlement amount, both parties will exchange mutual releases of all claims arising from that litigation.

Does Sagtec Global Limited (SAGT) admit wrongdoing in the settlement?

No, the settlement specifies there is no admission of liability or wrongdoing by either party. It instead provides mutual releases, confidentiality, and non-disparagement provisions, allowing both Sagtec and Helena to resolve the dispute without conceding fault or legal responsibility.

Will the settlement materially affect Sagtec Global Limited’s (SAGT) finances?

Sagtec states it does not expect the settlement agreement to have a material adverse effect on its financial condition or results of operations. The company characterizes the settlement as a way to avoid the costs, uncertainty, and distraction of continued litigation.