Treasure Global Inc. Faces Delisting Concerns

TL;DR

TGI might get delisted - stock exchange rules are a problem.

AI Summary

Treasure Global Inc. filed an 8-K on December 3, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, with the earliest event reported on December 2, 2025. The company is incorporated in Delaware and its principal executive office is located at 276 5th Avenue, Suite 704 #739, New York, NY 10001.

Why It Matters

This filing indicates potential issues with Treasure Global Inc.'s compliance with stock exchange listing requirements, which could lead to its shares being delisted.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards poses a significant risk to the company's stock trading and investor confidence.

Key Players & Entities

• TREASURE GLOBAL INC (company) — Registrant
• Delaware (jurisdiction) — State of Incorporation
• 276 5th Avenue, Suite 704 #739, New York, NY 10001 (address) — Principal executive office
• December 2, 2025 (date) — Earliest event reported
• December 3, 2025 (date) — Filing date

FAQ

Key Financial Figures

• $0.00001 — ch registered Common Stock, par value $0.00001 per share TGL The Nasdaq Stock Mark
• $1.00 — of the Company's common stock was below $1.00 per share for 30 consecutive business d

Filing Documents

• ea0268348-8k_treasure.htm (8-K) — 24KB
• 0001213900-25-117673.txt ( ) — 188KB
• tgl-20251202.xsd (EX-101.SCH) — 3KB
• tgl-20251202_lab.xml (EX-101.LAB) — 33KB
• tgl-20251202_pre.xml (EX-101.PRE) — 22KB
• ea0268348-8k_treasure_htm.xml (XML) — 4KB

01. Notice of Delisting or Failure to

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On December 2, 2025, Treasure Global Inc. (the "Company") received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that the Staff has determined to delist the Company's securities from The Nasdaq Capital Market (the "Staff Determination"). The Staff Determination was issued because (i) the Company failed to comply with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), and (ii) pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible to receive a compliance period due to having effected a reverse stock split over the prior one-year period and multiple reverse stock splits over the prior two-year period with a cumulative ratio in excess of 250-for-1. As noted in the Staff Determination, the Company effected a 1-for-70 reverse stock split on February 27, 2024, and a 1-for-50 reverse stock split on April 7, 2025, resulting in a cumulative 1-for-3,500 reverse split ratio. The Staff also noted that the closing bid price of the Company's common stock was below $1.00 per share for 30 consecutive business days from October 15 through November 28, 2025. The Company has elected to request a hearing before a Nasdaq Hearings Panel (the "Panel") to appeal the Staff Determination. The hearing request automatically stays the suspension of trading in the Company's securities and the filing of the Form 25-NSE with the Securities and Exchange Commission pending the Panel's decision. In connection with the hearing, the Company intends to present a plan to regain compliance with the applicable listing standards. During the appeal process with the Panel, the Company's common stock will continue to be listed and trade on Nasdaq. The Staff Determination does not affect the Company's business operations or its reporting obligations under the Securities Exchange Act

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 3, 2025 TREASURE GLOBAL INC By: /s/ Carlson Thow Name: Carlson Thow Title: Chief Executive Officer 2

View Full Filing

View this 8-K filing on SEC EDGAR