Transglobal Management Group, Inc. (TMGI) reported a leadership change, disclosing that on August 17, 2026 its Chief Financial Officer, Scott Carlston, resigned effective immediately. The company stated that his resignation was not due to any disagreement regarding operations, policies, or practices. The report is signed by President Jeff Foster, indicating board-level awareness and formal acknowledgment of the transition, though no successor CFO or interim appointment is identified in this disclosure.
Transglobal Management Group, Inc. obtained stockholder approval by written consent to amend and restate its Articles of Incorporation to increase authorized common stock from 5,000,000,000 shares to 20,000,000,000 shares. No other substantive changes to the Articles are included, and the rights and preferences of existing common and Series A Preferred Stock remain unchanged.
The written consent was executed on August 6, 2026 by the Board and holders of a majority of the voting power, including 200 outstanding shares of Series A Preferred Stock that together carry 80% of the company’s voting power on a fully diluted basis. The company indicates it has discussed potential future issuances of common stock for stock dividends, management remuneration, debt settlement, and employee incentive plans, with any material issuances to be disclosed under Exchange Act requirements. No stockholder meeting or dissenter’s rights apply to this action.
Transglobal Management Group, Inc. reported that on August 6, 2026 it amended and restated its Articles of Incorporation. The amendment increases the company’s authorized common stock from 5,000,000,000 shares to 20,000,000,000 shares. Holders of a majority of the voting rights of the company’s capital stock approved this amendment and restatement on the same date. The amended and restated Articles of Incorporation are filed as an exhibit.
Transglobal Management Group, Inc. reports that its planned acquisition of substantially all assets of the Apache Creek Golf Course business in Apache Junction, Arizona will not proceed. The deal had been governed by an April 1, 2026 Purchase Agreement and an April 10, 2026 Amendment and Clarification Agreement with Dalston LLP.
The company was unable to secure financing for the remaining purchase price or agree on revised payment terms with the seller, who has now terminated the transaction. Under the agreements, the seller will retain the previously paid $200,000 deposit, which Transglobal expects to record as a loss related to the terminated acquisition.
Transglobal Management Group, Inc. reported a change in control driven by a transfer of preferred shares between two insiders. On June 15, 2026, Kelly Kirchhoff assigned sixty-one shares of the Company’s Series A Preferred Stock to Jeff Foster under an Assignment Agreement and Irrevocable Stock Transfer Power.
Before the transaction, Kirchhoff beneficially owned 133 Series A Preferred shares and Foster owned 67. Afterward, Foster holds 128 shares and Kirchhoff holds 72, together representing all issued and outstanding Series A Preferred Stock. These preferred shares carry voting rights sufficient to control shareholder matters, so voting control shifted from Kirchhoff to Foster. Despite this shift, there were no changes to officers or directors: Foster remains President and Chairman, and Kirchhoff remains Chief Executive Officer and a director.
Transglobal Management Group, Inc. completed an all-stock acquisition of Continuum Software Technologies, Inc. on March 20, 2026, issuing 50,645,000 shares of its common stock in exchange for all outstanding CSTI shares. CSTI brings a cloud-based, all-in-one golf management software platform serving public courses, municipalities, and multi-course operators, integrating tee sheet management, point-of-sale, payments, marketing, reporting, and hardware. The shares were issued in a private transaction to CSTI shareholders that the company believes qualifies for an exemption from SEC registration under Section 4(2) of the Securities Act.
Transglobal Management Group, Inc. agreed to acquire substantially all assets of the Apache Creek Golf Course business in Arizona for $2,500,000. The price includes a $200,000 deposit already paid, $300,000 in cash due on or before April 30, 2026, and $2,000,000 due on or before June 30, 2026.
Ownership and possession of the purchased assets transferred to Transglobal upon payment of the initial deposit, but if the remaining payments are not made on time, the seller may keep the deposit and ownership will revert. The company is acquiring equipment, inventory, improvements, goodwill and other operational assets and will operate the business at its current location under rights tied to the seller’s existing leasehold interests.
Transglobal Management Group, Inc. (TMGI) reported its first golf-focused quarter with emerging revenue but deep losses and a highly leveraged balance sheet. For the nine months ended February 28, 2026, the company generated $475,431 in revenue, mainly from golf course bookings and cart rentals through the Stand By Golf platform, compared with no revenue a year earlier.
Despite this start, TMGI posted a net loss of $6,258,234, driven by heavy interest expense of $1,895,315, a $1,654,620 loss from derivative liabilities tied to convertible notes, and a $3,700,000 markdown of its Simply Whim investment. Total assets fell to $3,327,621 while current liabilities climbed to $8,769,730, creating a stockholders’ deficit of $5,442,109 and negative working capital of $7,977,346 as of February 28, 2026.
Management highlights a strategic pivot from media and beauty toward a vertically integrated golf model built around GetGolf, the Stand By Golf technology platform, and the planned Apache Creek Golf Club acquisition, supported by equity lines and numerous convertible notes. However, the company discloses “substantial doubt” about its ability to continue as a going concern and notes it has not paid principal and interest on 10 notes totaling $420,773, while facing a large derivative liability of $3,366,728 from variable-price convertible debt.
Transglobal Management Group, Inc. announced a leadership reshuffle and board-level changes as part of its plan to pursue an uplisting to the OTCQB Market. Jeff Foster resigned as Chief Executive Officer and was appointed President, while remaining Chairman of the Board. Kelly L. Kirchhoff, an experienced financial consultant and executive, was appointed Chief Executive Officer and continues as a director. The company also named veteran finance executive Scott Carlston as Chief Financial Officer, adding public-company and capital-raising experience. Management highlighted a strategic focus on expanding golf operations, including Stand-By Golf and GETGOLF, and positioning the business as a diversified golf, leisure, and technology-enabled services platform.
Transglobal Management Group, Inc. (TMGI) is registering up to 2,446,656 shares of common stock for resale by a single selling stockholder under a standby equity financing arrangement. The shares may be issued to MacRab under a $5,000,000 Equity Financing Agreement, with each draw priced at 85% of the average of the two lowest volume-weighted average prices over five trading days after a clearing date, subject to a $0.001 per share floor. Based on the March 2, 2026 closing price of $0.0800, the registered shares represent an aggregate offering amount of about $195,732.48. TMGI will not receive proceeds from MacRab’s resales, but will receive cash when it sells newly issued shares to MacRab. As of March 2, 2026, 10,637,635 shares of common stock were outstanding, and MacRab’s ownership is capped at 4.99% of that total. The company’s auditors have expressed substantial doubt about its ability to continue as a going concern, and management estimates it needs approximately $600,000 in additional capital to fund operations for the next twelve months.