Treasure Global Inc. (TGL) disclosed on October 15, 2026, that it entered into separate Subscription Agreements to sell shares of its common stock to three individuals. The aggregate investment amount under these agreements is $1,200,000.
The investors are Chan Meng Chun, Pusparajan a/l Vadiveloo, and Teo Chong Chan, all of whom are Malaysian citizens. The agreements stipulate that each Investor will purchase $400,000 worth of shares in two equal tranches of $200,000 each.
The purchase price per share is determined based on the greater of the Execution Date Price of $0.45 or the closing price of the Company’s common stock on the Trading Day immediately preceding the applicable completion date. The offering is being made pursuant to Regulation S under the Securities Act of 1933, which allows for the sale of securities to non-U.S. persons.
Each Investor is a related person of the Company. Specifically, Teo Chong Chan serves as the Acting Chief Executive Officer and an Executive Director, Pusparajan a/l Vadiveloo is the Chief Financial Officer, and Chan Meng Chun is an Executive Director.
The shares issued will be restricted securities subject to Rule 144 and other applicable securities laws. Each Subscription Agreement is governed by Malaysian law, with the parties submitting to the jurisdiction of the courts of Malaysia.
