TREASURE GLOBAL INC 8-K

What Happened

• Treasure Global Inc. (filed 8-K on Jan 2, 2026) announced a third supplemental letter dated December 26, 2025 amending its service agreement with V Gallant SDN BHD, a Malaysia-based private company providing generative AI and AI digital human technology services.
• The amendment reduced the total consideration under the Agreement from $16,000,000 to $10,800,000. Treasure Global had already paid the full $16,000,000 prior to the amendment, so the $5,200,000 excess will be settled by issuing shares of V Gallant at $4.00 per share. That implies issuance of 1,300,000 V Gallant shares to Treasure Global. Following the amendment, Treasure Global has no further payment obligations to V Gallant under the Agreement.

Key Details

• Parties: Treasure Global Inc. and V Gallant SDN BHD (Malaysia).
• Amendment date: December 26, 2025; 8-K filed January 2, 2026.
• Original Fees: $16,000,000; Amended Fees: $10,800,000.
• Excess converted: $5,200,000 → issuance at $4.00/share = 1,300,000 V Gallant shares.

Why It Matters

• For investors, this transaction converts prepaid cash (already paid by Treasure Global) into an equity stake in its AI services provider rather than requiring additional cash payments.
• The company eliminates future cash obligations related to these services, and gains ownership exposure to V Gallant — the economic and strategic impact depends on the value and rights of the issued V Gallant shares.
• The amendment may affect Treasure Global’s reported investments and related disclosures; investors should watch for future filings that detail the issued shares and any change in holdings or accounting treatment.