Treasure Global Inc. Stock Price, News & Analysis

Treasure Global Inc (Nasdaq: TGL) announced it is not in compliance with Nasdaq's periodic filing requirements due to the late submission of its Form 10-Q for the period ending September 30, 2022. This follows a previous notice regarding the delayed filing of its 10-K for the fiscal year ending June 30, 2022. The company has until December 19, 2022, to submit a compliance plan or file the required documents. If accepted, TGL may have until March 27, 2023, to regain compliance. The company continues to work on completing these filings to ensure compliance with Nasdaq regulations.

Treasure Global Inc (NASDAQ: TGL) has launched a campaign through its ZCITY app, allowing users in Malaysia to win six months of free petrol. Running until December 31, 2022, participants must spend a minimum of RM30 on ZCITY e-Vouchers to enter the draw for one of 60 prizes, with 20 winners announced each month. This initiative aims to enhance user engagement, especially during the festive season, supported by multiple payment methods and discounts via Zcoins. With over 2.2 million registered users as of October 31, 2022, TGI continues to focus on expanding its e-commerce platform.

Treasure Global Inc (NASDAQ: TGL) reported significant user growth for its e-commerce app, ZCITY, achieving over 2.2 million registered users and 233,000 monthly active users as of October 31, 2022. The platform's quarterly active users increased by 35% year-over-year as of September 30, 2022, contributing to 3.9 million transactions in the fiscal year 2022. Innovations like e-vouchers and the Group Buy feature aim to enhance user engagement. CEO Sam Teo highlighted the effectiveness of the strategic marketing plan in driving user traffic and sales.

Treasure Global Inc (NASDAQ: TGL) has partnered with iPay88 to become the exclusive payment gateway for its ZCITY app and Tazte platform. This strategic agreement enhances TGL's regional expansion into Southeast Asia, including Malaysia, Indonesia, Thailand, and the Philippines. iPay88 will provide comprehensive e-commerce and retail payment solutions, facilitating recurring payments and buy now pay later options. TGL aims to capitalize on iPay88's extensive F&B merchant network to boost Tazte's user base, promoting seamless digitalization for merchants and users alike.

Treasure Global Inc (Nasdaq: TGL) announced on October 24, 2022, that it received a non-compliance notice from Nasdaq regarding the filing of its Annual Report for the fiscal year ended June 30, 2022. The report was due by September 28, 2022. Nasdaq has granted the Company 60 days to submit a compliance plan, with the expectation to file the report by March 27, 2023, if the plan is accepted. This notice does not immediately impact the trading or listing of TGL shares. The Company emphasizes ongoing efforts to complete the filing.

Treasure Global Inc (TGL) announced a delay in filing its Annual Report for the fiscal year ended June 30, 2022, primarily due to the audit process. The company is working with its audit committee and auditors to complete the report as soon as possible. Once finalized, TGL will schedule a conference call to discuss its financial results and provide a business update. As of September 2022, TGL's ZCITY app has over 2.2 million registered users, enhancing its position in the e-commerce space in Southeast Asia and Japan.

Treasure Global Inc (Nasdaq: TGL) has announced that it will report its fiscal year 2022 financial results on October 13, 2022, before market opening. The results will be followed by a conference call at 8:30 a.m. ET, featuring CEO Sam Teo and CFO Jaylvin Chan. The company's ZCITY App has over 2.1 million registered users and 2,100 merchants. TGL focuses on enhancing e-commerce through seamless payment solutions and rewards programs across Southeast Asia and Japan.

Treasure Global Inc (Nasdaq: TGL) announced that CEO Sam Teo will participate in the H.C. Wainwright 24th Annual Global Investment Conference, taking place virtually from September 12-14, 2022. His corporate presentation will be available on-demand starting September 12 at 7:00 a.m. ET for registrants. TGI is an innovative e-commerce platform from Malaysia, known for its ZCITY App, which simplifies e-payments and offers rewards. As of July 2022, ZCITY boasts over 2 million registered users and 2,100 merchants.

Treasure Global Inc (Nasdaq: TGL) closed its upsized initial public offering of 2.3 million shares at $4.00 each, raising approximately $9.2 million in gross proceeds. The stock began trading on Nasdaq on August 11, 2022. The funds will primarily enhance capitalization and financial flexibility, alongside general corporate purposes. EF Hutton served as the sole book-running manager for the offering. TGI aims to streamline payment solutions in Southeast Asia and Japan, boasting over 2 million registered users on its ZCITY app.