SAGTEC GLOBAL LIMITED settled litigation with Helena Global Investment Opportunities I Ltd. for $250,000, with $100,000 already paid and $150,000 due within 90 days, expecting no material adverse financial impact.
Key takeaways
Entered Confidential Settlement Agreement with Helena on March 20, 2026, resolving New York Supreme Court lawsuit from July 11, 2025 purchase agreement.
Agreed to pay $250,000 total: $100,000 initial payment completed, $150,000 final payment due by June 18, 2026.
Helena filed notice of voluntary dismissal without prejudice; full releases upon final payment.
Includes mutual releases, confidentiality, non-disparagement, and denial of liability by both parties.
Governed by New York law with exclusive jurisdiction there for enforcement.
Company states no expected material adverse effect on financial condition or operations.