Third Life World signs deal to buy voting control of Transglobal Management Group
TMGI•Third Life World signed a definitive agreement to acquire voting control of Transglobal Management Group by taking over a Series A Preferred block with a majority of voting rights. TMGI plans to make Third Life World’s AI-agent virtual world platform its core business; closing is subject to customary conditions.
1. Control agreement
The agreement transfers a Series A Preferred control block holding a majority of TMGI’s voting rights to Third Life World. TMGI plans to create new Series B Preferred Stock to support the purchase. At closing, controlling shareholder Marc Angell will resign his officer roles and remain as a consultant during the transition.
