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Treasure Global Announces 1-for-24 Reverse Stock Split to Support Nasdaq Bid Price Compliance

TGL
  • Treasure Global Inc. announced a 1-for-24 reverse stock split of its common stock to potentially regain Nasdaq compliance with the $1.00 minimum bid price requirement.
  • The split-adjusted trading will commence on November 16, 2026, under the existing ticker symbol "TGL" on the Nasdaq Capital Market with a new CUSIP of 89458T502.
  • Stockholders approved the split authorization on November 5, 2026, with the Board selecting the 1-for-24 ratio \& filing the Certificate of Amendment on November 9, 2026.
  • The transaction will convert 24 existing shares into 1 new share, reducing the outstanding common stock from approximately 22,005,674 shares to roughly 916,903 shares.
  • Proportional adjustments will apply to equity awards, warrants, convertible notes, \& stock incentive plans, while fractional shares will be rounded up to the next whole share.
  • The reverse split will not alter the par value, authorized share count, or any stockholder's percentage interest in the company.
  • Registered \& broker-held stockholders will receive post-split shares automatically without needing to take any action.
  • Treasure Global is a Malaysia-based technology firm focused on AI-driven digital transformation, primarily through its ZCITY Super App which had 2.71 million registered users as of March 31, 2026.
Company
Treasure Global Inc.
Keywords
Nasdaq:TGL, Treasure Global Inc., Treasure Global, Reverse Stock Split, Nasdaq, NASDAQ:TGL, Common Stock