Summary by Moomoo AI
Treasure Global has entered into a Software Purchase Agreement with Myviko Holding Sdn. Bhd. on March 12, 2024. Under the agreement, Myviko will transfer all rights, title, and interest in computer software, including source code and software licenses, to Treasure Global.In exchange for the software assets, Treasure Global will issue $1,000,000 worth of common stock (par value $0.00001 per share) to Myviko within 5 business days of the agreement's effective date. The shares will be restricted securities and will not be listed on any exchange. The transaction is structured as an exempt offering under the Securities Act of 1933.