Starbox Group Holdings Ltd. (STBX) has released an update.
Starbox Group Holdings Ltd., a major player in the global market, has successfully expanded its portfolio by acquiring Rainbow Worldwide Co., Ltd, financing the deal by issuing 18 million new ordinary shares at $0.25 each, totaling a $4.5 million investment. The shares were issued under Regulation S, ensuring that international standards were met and the acquisition did not involve U.S. persons. This strategic move signals Starbox’s commitment to growth and its ability to execute significant transactions within the financial regulations.
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