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$Starbox Group (STBX.US)$ On November 18, 2024, Starbox Group Holdings Ltd., a Cayman Islands-based company, and its subsidiary, Irace Technology Limited, entered into a software purchase agreement with Tech Fellows Limited. The agreement involves the acquisition of a Web Graphics Library Augmented 3D Framework Module and related assets. The consideration for the software is 6,000,000 Class A ordinary shares of Starbox Group, valued at US$9,000,000. Additionally, a deed of assignment and a notice of assignment were executed, allowing the transfer of rights to receive the consideration shares to four assignees. The closing date for the issuance of shares will be determined upon the fulfillment of the seller's obligations under the agreement. The board of directors of Starbox Group approved the transaction on the same day. This event is also referenced in various registration statements of the company filed with the SEC.
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