Treasure Global Inc. raises $2.5 million through a securities purchase agreement for 250,000 shares in a registered direct offering.
Quiver AI Summary
Treasure Global Inc., a technology company based in Southeast Asia, has announced a registered direct offering under a securities purchase agreement with institutional investors to sell 250,000 shares of its common stock, raising gross proceeds of $2.5 million. The offering is expected to close around December 11, 2025, with D. Boral Capital LLC serving as the exclusive placement agent. This deal is part of the company's strategy to strengthen its position in the digital economy, particularly through its ZCITY Super App, which enhances user experiences in e-payments and loyalty rewards. The offering is conducted under the Company's effective shelf registration statement and will follow all regulatory obligations regarding securities sale. Forward-looking statements highlight potential risks affecting the company's performance and future operations.
Potential Positives
- Treasure Global Inc. successfully raised gross proceeds of USD 2,500,000 through a registered direct offering, enhancing its capital for future investment and growth.
- The offering was facilitated by D. Boral Capital LLC, which may signal confidence in the company's financial prospects from institutional investors.
- The company's ZCITY Super App, with over 2.7 million registered users, highlights its strong market position and potential for continued user growth and engagement in Malaysia’s digital economy.
Potential Negatives
- The investment of only $2,500,000 through the securities sale may suggest a lack of confidence from institutional investors in the company’s financial stability or growth potential.
- The mention of various risks and uncertainties in forward-looking statements highlights significant vulnerabilities in the company's business model and overall market environment.
- The need for a registered direct offering indicates potential liquidity issues or difficulties in raising capital through traditional avenues.
FAQ
What is the recent securities offering by Treasure Global?
Treasure Global announced a registered direct offering to sell 250,000 shares, raising gross proceeds of USD 2,500,000.
When will the offering close?
The closing of the offering is expected on or about December 11, 2025, subject to customary conditions.
Who is the placement agent for this offering?
D. Boral Capital LLC is acting as the exclusive placement agent for the offering.
How can I obtain the prospectus for this offering?
The final prospectus supplement and prospectus will be filed with the SEC and can be requested from D. Boral Capital LLC.
What technology solutions does Treasure Global provide?
Treasure Global specializes in technology solutions that drive digital transformation, including the ZCITY Super App for e-payments and loyalty rewards.
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. 10, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. ( NASDAQ: TGL ) (“ Treasure Global ” or the “ Company ”), a Southeast Asia–anchored technology company, today announced that it has entered into securities purchase agreement with certain institutional investors for the purchase and sale of 250,000 shares of its common stock, par value $0.00001 per share, in a registered direct offering, raising gross proceeds of USD 2,500,000, before deducting commissions and offering expenses. The closing of the offering is expected to occur on or about December 11, 2025, subject to customary closing conditions.
D. Boral Capital LLC is acting 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 will be filed with the SEC and may be obtained, when available, 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]
