Treasure Global Successfully Regains Compliance with Nasdaq Minimum Bid Price Requirement
March 26 2024 - 8:00AM
Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the
“Company”), an innovative technology solutions provider, is pleased
to announce that it has successfully regained compliance with the
minimum bid price requirement set forth by The Nasdaq Stock Market
LLC (“Nasdaq”).
The Company has received notification from the Nasdaq Listing
Qualifications Staff confirming its compliance with Listing Rule
5550(a)(2), thereby meeting Nasdaq’s maintenance requirements for
listing. As a result, the scheduled hearing before the Hearings
Panel on April 16, 2024, has been canceled.
“Regaining compliance with Nasdaq’s minimum bid price
requirement is a significant milestone for Treasure Global. This
achievement underscores our unwavering dedication to maintaining
the utmost standards of corporate governance and transparency,”
said Sam Teo, Chief Executive Officer of Treasure Global.
About Treasure Global Inc:Treasure Global,
headquartered in Malaysia, is a leading solutions provider
pioneering innovative technology platforms. With a focus on
revolutionizing digital experiences, Treasure Global has developed
two groundbreaking solutions: the ZCITY App and TAZTE. The ZCITY
App offers a cutting-edge digital ecosystem that streamlines
e-payment experiences for consumers, while simultaneously rewarding
their engagement. On the other hand, TAZTE is a sophisticated
digital food and beverage management system, providing merchants
with a comprehensive, automated solution to digitize their
operations. Additionally, Treasure Global acts as a master
franchiser in Southeast Asia for renowned restaurant chains,
offering them access to the TAZTE solution. As of March 19, 2024,
ZCITY boasts over 2,695,549 registered users, reflecting its
widespread adoption and impact.
For more information, please visit Treasure Global’s
website.
Forward-Looking Statements:This press release
may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements are characterized by future or
conditional verbs such as “may,” “will,” “expect,” “intend,”
“anticipate,” “believe,” “estimate,” and “continue,” or similar
words. It is important to carefully consider statements containing
these words as they discuss future expectations and plans,
projecting future results of operations or financial conditions, or
presenting other forward-looking information. Forward-looking
statements are not guarantees of future performance; they are based
on certain assumptions and are subject to various known and unknown
risks and uncertainties, many of which are beyond the control of
the Company. These risks and uncertainties are detailed in the Risk
Factors section of the Company’s Annual Report on Form 10-K for the
fiscal year ended June 30, 2023, and subsequent filings with the
Securities Exchange Commission (“SEC”). Copies of these documents
are available on the SEC’s website, www.sec.gov. As forward-looking
statements cannot be predicted or quantified, actual results may
differ materially from those expressed or implied by such
statements. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
For further information, please contact:
U.S. Investor Contactir_us@treasuregroup.co
Malaysian Investor
Contactsir_my@treasuregroup.co
Media ContactSue Chuah, Chief Marketing
OfficerTreasure Global Incmediacontact@treasuregroup.co
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