Transglobal Management Group, Inc. filed a Form 8-K on November 13, 2026, reporting the November 12, 2026 completion of its acquisition of the Third Life World virtual-economy platform and a simultaneous change of control of the company.

Key Highlights

  • No cash or securities paid: Third Life World contributed its website and technology platform to the company without receiving any cash payment or securities in return, according to the filing.
  • Control transferred: Third Life World acquired all 200 outstanding shares of Series A Preferred Stock from Marc Angell for $140,000; the Series A Preferred Stock carries 80% of the company's total voting power.
  • New CEO appointed: Jorge Guinovart, age 42 and managing member of Third Life World, was appointed Chief Executive Officer and President effective November 12, 2026.
  • Platform currently offline: A platform snapshot dated September 14, 2026 reported 4,780 registered players, 5,004 AI agents, and 2,111 parcels claimed; the platform entered maintenance around September 22, 2026 for a rebuild and is not currently generating revenue.
  • Six-month plan requires $1.5 million: The company estimates its development plan through approximately July 2027 requires approximately $1.5 million, and the filing states the company "does not currently have the funds to complete the plan."
  • Reversion risk disclosed: Under the Purchase Agreement, if certain conditions are not met and not cured within 30 days, Marc Angell may cancel Third Life World's Series A ownership and cause it to be reissued to him.
  • Promissory notes totaling $40,000 issued: Third Life World issued promissory notes dated November 11, 2026, totaling $40,000 at 10% simple interest, all due December 1, 2026.

Third Life World Platform Acquired by Transglobal Management Group in No-Cash Transaction

According to the filing, Transglobal Management Group, Inc. (OTC:TMGI) completed on November 12, 2026 the transactions set out in the Control Share Purchase Agreement dated October 2, 2026. The agreement was among the company, Marc Angell, Jacquie Angell, and Third Life World, LLC, a Nevada limited liability company. At closing, Third Life World contributed its virtual-economy platform to the company without any issuance of securities or cash consideration. Because Third Life World is described in the filing as the company's controlling shareholder, the company stated it expects to record the platform at Third Life World's historical cost basis.

The filing describes the Third Life World platform as "a virtual economy operated by people and autonomous AI agents" in which users and agents own virtual land, build, work, and trade continuously. The platform's map contains 5,625 parcels across nine zones, and in-world transactions settle on a public blockchain using a digital token. The platform charges a 1% fee on market fills, transfers, and property sales. Additional revenue sources described in the filing remain planned or in development. A separate platform called Liquistate, intended for tokenized real-world assets, is currently in beta testing. The filing notes the company's development plan targets a V3 platform relaunch around January 2027, a Liquistate launch around April 2027, and mobile applications around July 2027, with registered-player targets of 8,000, 15,000, and 25,000 respectively. The filing also states there is "no assurance that the Company will obtain financing or meet any of these targets."

Under the change of control, Third Life World acquired all 200 outstanding shares of Series A Preferred Stock from Marc Angell for $140,000, giving Third Life World and its managing member Jorge Guinovart 80% of the company's total voting power. Mr. Angell resigned as Chief Executive Officer and President effective November 12, 2026, and tendered his resignation as director, effective on the 14f-1 Effective Date. The filing states his resignations "were not the result of any disagreement with the Company on any matter relating to its operations, policies or practices." The company also retains its Stand By Golf online golf reservation platform under a separate Unwind and Settlement Agreement dated September 30, 2026.

What Was Disclosed

Transglobal Management Group reported the completion of the Third Life World platform acquisition, a change of control transferring 80% voting power to Third Life World for $140,000, the appointment of Jorge Guinovart as CEO, and a six-month development plan requiring approximately $1.5 million in financing the company does not currently hold.