Business Context and Reporting Period
This Form 6-K is filed by SAGTEC GLOBAL Ltd for the month of July 2026, with a report date of July 17, 2026. The filing serves as a current report to update investors on the resolution of a legal dispute previously disclosed in February 2026.
Key Financial Metrics
The filing does not provide standard financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial data disclosed relates to a legal settlement:
- Total Settlement Amount: $250,000
- Initial Payment: $100,000 (paid upon execution)
- Final Payment: $150,000 (paid within 90 days of execution)
- Payment Status: Fully completed as of the filing date.
Material Changes
The primary material change is the full resolution of the lawsuit filed by Helena Global Investment Opportunities I Ltd. ("Helena") against the Company in the Supreme Court of the State of New York. Key developments include:
- Settlement Agreement: Entered into on March 20, 2026, resolving all claims without admission of liability.
- Case Dismissal: Helena filed a Notice of Discontinuance on April 13, 2026, discontinuing the action without prejudice and without costs to any party.
- Release of Claims: Upon full payment of the $250,000 settlement, Helena has released Sagtec and its affiliates from all claims related to the action.
Outlook, Risks, and Management Commentary
Management confirms that the dispute has been "fully and finally resolved." The filing notes that the settlement was executed without an admission of liability by either party. With the settlement amount fully paid and the legal action discontinued, the specific litigation risk associated with Helena Global Investment Opportunities I Ltd. has been eliminated. No forward-looking guidance or other risk factors are discussed in this specific report.
Investor Verification Checklist
- Verify the cash outflow of $250,000 in the Company's most recent audited financial statements or cash flow reports.
- Confirm the status of the Notice of Discontinuance filed on April 13, 2026, in the Supreme Court of New York records.
- Review the original purchase agreement dated July 11, 2025, to understand the underlying context of the dispute.
- Check for any other pending litigation or contingent liabilities not addressed in this settlement.