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Treasure Global cuts software deal fees to $1M

The remaining $500,000 in fees is tied to Phase 2 and Phase 3 mobilization, with payment permitted in cash, stock, or a combination.

(High)

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Form Type
8-K

Rhea-AI Filing Summary

Treasure Global Inc. (TGL) amended its software development agreement with Mestiz Technology Sdn Bhd, reducing total Service Fees from $2,000,000 to $1,000,000. The revised scope continues to cover a centralized Microsoft Power BI Business Intelligence solution across the lifestyle membership and retail, loyalty and digital ecosystem, and digital wallet and fintech businesses.

TGL had already issued shares with an aggregate value of $500,000 for Milestone 1, credited in full against the revised fees. The remaining $500,000 is payable in two $250,000 milestones upon mobilisation of Phase 2 and Phase 3. At TGL’s sole and absolute discretion, those payments may be made in cash, TGL common stock, or a combination. Any shares issued under the agreement would be on a restricted stock basis for six months from issuance, subject to compliance with Rule 144. The original agreement otherwise remains in full force and effect.

Insights

Analyzing...

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 3.02 Unregistered Sales of Equity Securities Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Revised Service Fees $1,000,000 Total fees under the Supplemental Agreement
Original Service Fees $2,000,000 Fees under the Original Agreement before amendment
Previously issued shares $500,000 aggregate value Issued for Milestone 1 and credited against revised Service Fees
Remaining Service Fees $500,000 Payable in two milestones
Phase 2 milestone $250,000 Payable upon mobilisation of Phase 2
Phase 3 milestone $250,000 Payable upon mobilisation of Phase 3
Business environments 3 Covered by the revised solution scope
Restricted stock period 6 months From the date of issuance, subject to compliance with Rule 144
Business Intelligence technical
"Microsoft Power BI Business Intelligence solution"
Business intelligence is the practice of collecting and turning a company’s raw data—like sales, costs, customer habits and market trends—into clear, visual insights that help leaders spot patterns and make decisions. For investors it matters because these insights act like a company’s dashboard: they reveal whether management is improving performance, finding growth opportunities or facing risks, which can affect future profits and the stock’s value.
restricted stock basis regulatory
"issued on a restricted stock basis"
Rule 144 regulatory
"subject to compliance with Rule 144"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Section 4(a)(2) regulatory
"exemption from registration provided by Section 4(a)(2)"
Section 4(a)(2) is a part of U.S. securities laws that allows companies to sell their stock directly to certain investors without registering the sale with regulators. This process is often used for private placements, making it easier and faster for companies to raise money from knowledgeable or institutional investors. It matters to investors because it provides an alternative way to buy shares, often with fewer disclosures and lower costs.
Regulation S regulatory
"and/or Regulation S promulgated thereunder"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much are TGL’s remaining fees to Mestiz Technology?

TGL has $500,000 in remaining Service Fees, payable as $250,000 upon mobilisation of Phase 2 and $250,000 upon mobilisation of Phase 3. At TGL’s sole and absolute discretion, the milestone payments may be made in cash, TGL common stock, or a combination.

What restrictions apply to TGL shares issued under the agreement?

Any TGL Shares issued pursuant to the Supplemental Agreement would be issued on a restricted stock basis for six months from the date of issuance, subject to compliance with Rule 144. Treasure Global relied on the exemption from registration provided by Section 4(a)(2) and/or Regulation S.

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

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Learn about SEC filing dates
false 0001905956 0001905956 2026-09-24 2026-09-24 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported):
September 24, 2026

 

TREASURE GLOBAL INC

(Exact name of registrant as specified in its charter)

 

Delaware   001-41476   36-4965082
(State or other jurisdiction
of Incorporation)
  (Commission File Number)   (IRS Employer
Identification Number)

 

276 5th Avenue, Suite 704 #739
New York, New York
  10001
(Address of registrant’s principal executive office)   (Zip code)

 

+6012 643 7688

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.00001 per share   TGL   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

On September 24, 2026, Treasure Global Inc, a Delaware corporation (the “Company” or “TGL”), entered into a Supplemental Agreement (the “Supplemental Agreement”) with Mestiz Technology Sdn Bhd, a company incorporated under the laws of Malaysia (“Mestiz Tech”), amending the Software Development Agreement dated September 11, 2026 between the Company and Mestiz Tech (the “Original Agreement”). Pursuant to the Supplemental Agreement, the parties agreed to reduce the scope of services under the Original Agreement and to reduce the total Service Fees from $2,000,000 to $1,000,000.

 

The revised scope of services under the Supplemental Agreement continues to cover the design, development, integration and implementation of a centralized Microsoft Power BI Business Intelligence solution across three (3) business environments: (i) lifestyle membership and retail business; (ii) loyalty and digital ecosystem business; and (iii) digital wallet and fintech business, with a revised implementation plan set out in a new Schedule 1, which replaces Appendix A of the Original Agreement.

 

The Company has already issued TGL Shares having an aggregate value of $500,000 to Mestiz Tech in full satisfaction of Milestone 1 under the Original Agreement, which amount has been credited in full against the revised Service Fees. The remaining $500,000 in Service Fees is payable in two milestones: (i) $250,000 upon mobilisation of Phase 2; and (ii) $250,000 upon mobilisation of Phase 3. Payment of the remaining milestones may, at the Company’s sole and absolute discretion, be satisfied in cash, common stock of the Company (“TGL Shares”), or any combination thereof.

 

Except as expressly amended by the Supplemental Agreement, the Original Agreement remains unchanged and in full force and effect. The Supplemental Agreement is governed by and construed in accordance with the laws of Malaysia.

 

The foregoing description of the Supplemental Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Supplemental Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

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Item 3.02. Unregistered Sales of Equity Securities.

 

The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference. Any TGL Shares issued pursuant to this Supplemental Agreement would be issued on a restricted stock basis for a period of six (6) months from the date of issuance, subject to compliance with Rule 144 of the Securities Act of 1933, as amended. The Company relied upon the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Regulation S promulgated thereunder.

 

Item 9.01. Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit   Description
10.1   Form of Supplemental Agreement to the Software Development Agreement between the Company and Mestiz Technology Sdn Bhd
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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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 hereunto duly authorized.

 

Date: September 29, 2026 TREASURE GLOBAL INC.
     
  By: /s/ Pusparajan a/l Vadiveloo
  Name: Pusparajan a/l Vadiveloo
  Title: Chief Financial Officer

 

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Filing Exhibits & Attachments

4 documents

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