TryHard Holdings Limited (NASDAQ:THH) stock rose Tuesday after the company disclosed a binding collaboration with Carnegie Hill Capital Partners Limited.
Details
According to the agreement, the two parties will work in good faith to establish a Hong Kong–based investment fund that targets global entertainment opportunities, including IP management, nightclubs, international music festivals, concerts, film production, musicals, theatre, digital media, and music rights.
This collaboration marks a significant step for TryHard in expanding its global entertainment investment presence.
Partnering with Carnegie Hill Capital Partners allows TryHard to merge creative industry expertise with structured, disciplined investment management.
Fund Details
The fund is targeted to reach $10 million to $20 million, with final capital commitments, management structure, and economic terms to be outlined in formal fund documentation.
The binding collaboration agreement outlines governance, investment oversight, distributions, exit provisions, confidentiality, and liability allocation.
Fund establishment and capital contributions are contingent on standard conditions. If these conditions are met or waived, the parties anticipate launching the Fund by June 2026, or on an alternative date mutually agreed upon.
Nasdaq Listing
In September, TryHard marked its public market debut by ringing the closing bell at the Nasdaq Stock Market in New York following its Nasdaq listing.
THH Price Action: Tryhard Holdings shares were up 15.19% at $26.61 during premarket trading on Tuesday, according to Benzinga Pro data.
Photo by Melinda Nagy via Shutterstock
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