1. TGL raised $2.5M in shares through a registered direct offering. 2. Company’s ZCITY Super App has over 2.7 million users. 3. Offering signifies institutional confidence in TGL's future growth. 4. Risks include competition and regulatory challenges in digital markets. 5. Closing of the offering expected around December 11, 2025.
FAQ
Why Bullish?
The successful raising of funds indicates strong institutional support for TGL, similar to past positive equity offerings in tech sectors that have led to stock price increases. Historically, successful direct offerings have buoyed stock prices in technology companies, reflecting investor confidence.
How important is it?
The capital raised signals investor confidence and can potentially influence TGL’s stock performance positively. The successful closings of similar offerings in the industry suggest that such actions typically result in favorable market reactions.
Why Short Term?
The anticipated closing of the offering is imminent, which may lead to immediate price stabilization or bullish short-term trading patterns. Recent examples include tech companies experiencing positive pricing moves following successful fund-raising events.
Treasure Global Inc. Raises $2.5 Million Through Registered Direct Offering
KUALA LUMPUR, Malaysia, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL), a leading technology firm based in Southeast Asia, has announced a successful securities purchase agreement with institutional investors. This agreement involves the purchase and sale of 250,000 shares of common stock, raising gross proceeds of USD 2,500,000 before deducting commissions and offering expenses. The closing of this registered direct offering is anticipated to occur on or around December 11, 2025, pending customary closing conditions.
Details of the Offering
The offering was conducted under the Company’s shelf Registration Statement on Form S-3 (File No. 333-278171), which was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on March 29, 2024. D. Boral Capital LLC has been appointed as the exclusive placement agent for this transaction.
Investors can obtain a final prospectus supplement and accompanying prospectus related to the offering by contacting D. Boral Capital LLC at:
- Address: 590 Madison Avenue, 39th Floor, New York, NY 10022
- Email: info@dboralcapital.com
- Phone: (212) 970-5150
This press release does not represent an offer or solicitation to buy any securities where such an offer would be illegal prior to registration or qualification under applicable securities laws.
About Treasure Global Inc.
Treasure Global is at the forefront of technology solutions in Malaysia, specializing in digital transformation for the retail and services sectors. The Company's key product, the ZCITY Super App, merges e-payment solutions with customer loyalty rewards, delivering a seamless online-to-offline experience. As of June 2025, the ZCITY platform has attracted over 2.7 million registered users, solidifying Treasure Global's role as a prominent player in Malaysia's burgeoning digital economy.
The Company is committed to utilizing cutting-edge technologies, such as artificial intelligence and data analytics, to enhance its offerings across e-commerce and financial technology sectors.
For further details, visit treasureglobal.org.
Forward-Looking Statements
This announcement contains forward-looking statements as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements reflect Treasure Global's current expectations and projections regarding future events. As with any forward-looking statements, various risks and uncertainties could cause actual results to differ significantly from those anticipated, including:
- Expansion capabilities of the e-commerce platform
- Customer adoption of new services
- Economic fluctuations affecting operations
- Partnership negotiations and their outcomes
- Impact from global health crises and supply chain issues
- Regulatory changes concerning data privacy and security
Further risks include volatility in digital asset markets and issues related to custodial security. More information on these risks can be found in Treasure Global's filings with the SEC.
Contact Information
For investor and media inquiries, please contact the Investor Relations Team at Treasure Global:
- Email: ir_us@treasureglobal.org