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Sagtec Global (SAGT) pays $250,000 to settle Helena New York court dispute

(Neutral)
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Sagteq Global Limited has resolved a dispute with Helena Global Investment Opportunities I Ltd. arising from a July 11, 2025 purchase agreement. On March 20, 2026, the parties entered into a Confidential Settlement Agreement and Mutual General Release, without any admission of liability by either party, to fully and finally resolve all claims relating to the New York Supreme Court action.

Under the agreement, Sagtec agreed to pay Helena an aggregate Settlement Amount of $250,000, comprising an initial $100,000 payment upon execution and a $150,000 payment within 90 days, both by wire transfer of immediately available funds. Helena filed a Notice of Discontinuance on April 13, 2026, discontinuing the action without prejudice and without costs. Sagtec has now completed payment of the Settlement Amount, and the parties have exchanged mutual releases of all claims relating to the action.

Positive

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Negative

  • None.
Settlement Amount $250,000 Aggregate amount Sagtec agreed to pay Helena under the Settlement Agreement
Initial payment $100,000 Paid upon execution of the Settlement Agreement on March 20, 2026
Final payment $150,000 Due within 90 days of March 20, 2026; now completed
Settlement execution date March 20, 2026 Date Sagtec and Helena entered into the Settlement Agreement
Notice of Discontinuance date April 13, 2026 Date Helena discontinued the New York action against Sagtec
Final payment deadline 90 days Timeframe from execution date for Sagtec’s $150,000 final settlement payment
Confidential Settlement Agreement and Mutual General Release regulatory
"entered into a Confidential Settlement Agreement and Mutual General Release"
Notice of Discontinuance regulatory
"Helena filed a Notice of Discontinuance of the Action"
without prejudice regulatory
"discontinuing the Action against Sagtec without prejudice and without costs"
A legal label indicating that a statement, offer or document is made to negotiate or resolve a dispute and should not be used later as evidence against the maker in court. For investors, seeing “without prejudice” on a corporate communication means the company is trying to discuss or settle an issue without admitting liability, similar to having a private, negotiable conversation that won’t be replayed as proof in a trial, which can affect how seriously you read the concession or reassurance offered.
immediately available funds financial
"by wire transfer of immediately available funds in accordance with instructions"
wire transfer financial
"All payments are to be made by wire transfer of immediately available funds"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

How much is Sagtec Global Limited (SAGT) paying to settle the Helena dispute?

Sagtec agreed to pay Helena a total Settlement Amount of $250,000. This consists of an initial $100,000 payment upon execution of the settlement and a final $150,000 payment within 90 days of March 20, 2026, both by wire transfer.

What is the payment status of the $250,000 settlement by SAGT to Helena?

Sagtec has fully paid the agreed $250,000 Settlement Amount to Helena. The company paid $100,000 upon execution of the settlement agreement and the remaining $150,000 within 90 days, and confirms completion of all payments as of this report’s date.

How did the court case between Sagtec Global Limited (SAGT) and Helena conclude?

Helena filed a Notice of Discontinuance of the action on April 13, 2026 in the New York Supreme Court. The case was discontinued against Sagtec without prejudice and without costs to any party, following the settlement arrangements between the companies.

Did Sagtec Global Limited (SAGT) or Helena admit liability in the settlement?

The settlement was expressly made without any admission of liability by either Sagtec or Helena. The parties instead agreed through a Confidential Settlement Agreement and Mutual General Release to fully and finally resolve all claims relating to the New York action.

 

 

 

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 July 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.

 

On April 13, 2026, Helena filed a Notice of Discontinuance of the Action in the Supreme Court of the State of New York, County of New York, discontinuing the Action against Sagtec without prejudice and without costs to any party.

 

Upon Sagtec’s full and timely payment of the Settlement Amount, which has now been completed as of the date of this current report, Helena has released Sagtec and its affiliates from any and all claims relating to the Action, and Sagtec has provided a corresponding release to Helena.

 

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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: July 17, 2026

 

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