Treasure Global Inc. closes a $2.5 million stock offering with institutional investors, enhancing its financial position.
Quiver AI Summary
Treasure Global Inc. has successfully completed a registered direct offering, raising $2.5 million through the sale of 250,000 shares of its common stock to institutional investors. The offering was managed by D. Boral Capital LLC and conducted under the company's previously established shelf Registration Statement with the SEC. Treasure Global, a technology company based in Malaysia, is focused on digital transformation solutions in the retail sector, with its flagship ZCITY Super App boasting over 2.7 million registered users. The company's offerings aim to integrate e-payment and loyalty rewards, and it utilizes advanced technologies like AI and data analytics to enhance its services. The press release also includes forward-looking statements concerning potential risks and uncertainties related to the company's future operations and market conditions.
Potential Positives
- The closing of the registered direct offering resulted in gross proceeds of USD 2,500,000, which can be utilized for further business development and expansion initiatives.
- The successful completion of this offering highlights investor confidence in Treasure Global, potentially enhancing the company's market reputation and facilitating future fundraising efforts.
- The ZCITY Super App has attracted over 2.7 million registered users, indicating strong consumer interest and positioning Treasure Global as a significant player in Malaysia’s digital economy.
Potential Negatives
- The company raised only $2.5 million through the stock offering, which may indicate financial struggles or limited investor confidence.
- The reliance on institutional investors for funding could raise concerns about the company’s ability to attract broader market investment.
- The numerous identified risks associated with the company's operations, including competition and regulatory challenges, could affect future growth and stability.
FAQ
What was the purpose of Treasure Global's recent offering?
Treasure Global conducted a registered direct offering to sell 250,000 shares of its common stock to institutional investors.
How much gross proceeds did Treasure Global receive?
The Company received total gross proceeds of USD 2,500,000 from the offering, before deducting commissions and expenses.
Who acted as the placement agent for the offering?
D. Boral Capital LLC served as the exclusive placement agent for Treasure Global's registered direct offering.
What is the ZCITY Super App?
ZCITY Super App is Treasure Global's flagship product, integrating e-payment solutions with customer loyalty rewards for a seamless user experience.
How can I obtain the final prospectus for the offering?
The final prospectus can be obtained from D. Boral Capital LLC by email at [email protected] or by calling (212) 970-5150.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TGL Hedge Fund Activity
We have seen 4 institutional investors add shares of $TGL stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- DRW SECURITIES, LLC added 150,376 shares (+inf%) to their portfolio in Q3 2025, for an estimated $169,924
- UBS GROUP AG removed 34,434 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $38,910
- GEODE CAPITAL MANAGEMENT, LLC added 18,724 shares (+inf%) to their portfolio in Q3 2025, for an estimated $21,158
- JANE STREET GROUP, LLC added 17,726 shares (+inf%) to their portfolio in Q3 2025, for an estimated $20,030
- VIRTU FINANCIAL LLC removed 15,477 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $17,489
- CUBIST SYSTEMATIC STRATEGIES, LLC added 12,713 shares (+inf%) to their portfolio in Q3 2025, for an estimated $14,365
- TOWER RESEARCH CAPITAL LLC (TRC) removed 2,646 shares (-53.0%) from their portfolio in Q3 2025, for an estimated $2,989
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
KUALA LUMPUR, Malaysia, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. ( NASDAQ: TGL ) (“ Treasure Global ” or the “ Company ”), a Southeast Asia–anchored technology company, today announced the closing of its previously announced registered direct offering with certain institutional investors for the purchase and sale of 250,000 shares of its common stock, par value $0.00001 per share. The Company received total gross proceeds of USD 2,500,000, before deducting commissions and offering expenses.
D. Boral Capital LLC acted as the exclusive placement agent for the offering.
The offering was conducted under the Company’s shelf Registration Statement on Form S-3 (File No.333-278171) filed with the U.S. Securities and Exchange Commission (“ SEC ”) and declared effective on March 29, 2024. A final prospectus supplement and accompanying prospectus relating to the offering was filed with the SEC and may be obtained from D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at [email protected] or by calling (212) 970-5150.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any of the Company’s securities in any jurisdiction where such an offer would be unlawful prior to registration or qualification under applicable securities laws.
About Treasure Global:
Treasure Global is a Malaysia-based technology solutions provider specializing in innovative platforms that drive digital transformation in retail and services. The Company’s flagship product is the ZCITY Super App, which integrates e-payment solutions with customer loyalty rewards to create a seamless online-to-offline user experience. As of June 2025, ZCITY has attracted over 2.7 million registered users, positioning Treasure Global as a key player in Malaysia’s digital economy. Treasure Global continuously leverages cutting-edge technologies, including artificial intelligence and data analytics, to enhance its platform’s capabilities across e-commerce, fintech, and other verticals.
Visit treasureglobal.org for more information.
Forward-Looking Statements
This press release contains 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. These statements reflect the Company’s current expectations, assumptions, and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements typically include terminology such as “anticipates,” “believes,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” or similar expressions.
Factors that could cause actual results to differ materially include, without limitation, the Company’s ability to expand its e-commerce platform and F&B distribution business, customer acceptance of new products and services, changes in economic conditions affecting its operations, the outcome of partnership discussions, the impact of global health crises, supply chain disruptions, competition, and regulatory risks related to data privacy and security. Additional risks include volatility in digital asset markets, potential vulnerabilities in custodial security, and evolving global and domestic regulatory frameworks applicable to blockchain technologies. These risks, along with other factors, are discussed in more detail in the Company’s filings with the U.S. Securities and Exchange Commission.
The forward-looking statements in this press release speak only as of the date hereof. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
CONTACT
Investor and media contact:
Investor Relations Team
Treasure Global
[email protected]