TMGI 8-K
Transglobal Management Group, Inc. (TMGI)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 1.02 Termination of a Material Definitive Agreement
Transglobal Management Group, Inc. (the “Company”) previously reported that it had entered into a Purchase Agreement dated April 1, 2026, together with an Amendment and Clarification Agreement dated April 10, 2026 (collectively, the “Agreements”), with Dalston LLP relating to the acquisition of substantially all of the assets of the Apache Creek Golf Course business located in Apache Junction, Arizona.
Following execution of the Agreements, the Company sought additional financing necessary to satisfy the remaining purchase price obligations. Although the Company engaged in discussions with the Seller regarding potential restructuring of the transaction, including modifications to the payment terms, the parties were unable to reach a mutually acceptable resolution.
The Company was ultimately unable to obtain the financing necessary to complete the acquisition. Accordingly, the Company has been informed by the Seller that the transaction will not proceed. Pursuant to the terms of the Agreements, the Seller will retain the previously paid $200,000 deposit, which the Company expects to recognize as a loss associated with the terminated acquisition.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Transglobal Management Group, Inc. | ||
| Date: July 31, 2026 | By: /s/ Jeff Foster | |
| Jeff Foster | ||
| President |
| 2 |