Summary by Moomoo AI
Starbox Group Holdings Ltd. (Starbox Group), a Cayman Islands-based company, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on April 9, 2024, for the resale of 38,000,000 ordinary shares by certain selling shareholders. The shares are to be offered from time to time after the effective date of the registration statement. The selling shareholders include individuals who received shares as consideration for the sale of their shares in ProSeeds Limited, Trade Router, and Carnegie Hill to Starbox Group, as part of the company's acquisition strategy. The ordinary shares are listed on the Nasdaq Capital Market under the symbol 'STBX.' The company will not receive any proceeds from the sale of shares by the selling shareholders. The registration statement includes details about the company's recent acquisitions, including ProSeeds Limited, Trade Router, Carnegie Hill, and the planned acquisition of Rainbow Worldwide. The company's principal executive offices are located in Kuala Lumpur, Malaysia.