Treasure Global Announced Closing of USD 2,500,000 Registered Direct Offering of Common Stock

Rhea-AI Summary

Treasure Global (NASDAQ: TGL) closed a registered direct offering on Dec 11, 2025, selling 250,000 shares of common stock and receiving gross proceeds of USD 2,500,000 before commissions and offering expenses.

The placement agent was D. Boral Capital LLC. The offering was conducted under the company’s shelf Registration Statement on Form S-3 (File No. 333-278171), declared effective on March 29, 2024. A final prospectus supplement and accompanying prospectus were filed with the SEC and are available from D. Boral Capital LLC.

Positive

• Raised USD 2,500,000 in gross proceeds
• Transaction executed under an effective Form S-3 shelf

Negative

• Issued 250,000 new shares, creating shareholder dilution
• Net proceeds reduced by commissions and offering expenses

Key Figures

Gross proceeds USD 2,500,000 Registered direct offering gross proceeds before commissions and expenses

Shares issued 250,000 shares Common stock sold in registered direct offering

Par value $0.00001 per share Par value of common stock issued in the offering

Market Reality Check

$10.18 Last Close

Volume Volume 2,329,517 is 13% above the 20-day average, indicating elevated trading interest ahead of and around this offering. normal

Technical Shares at $10.18 are trading below the 200-day MA $36.57, reflecting a longer-term downtrend despite the recent bounce.

Peers on Argus 1 Down

TGL gained 7.95% while close peers showed mixed, relatively modest moves (e.g., SOPA +1.54%, QH +2.34%, MYSZ -1.75%), pointing to a stock-specific reaction rather than a broad sector trend.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 10	Product launch & client	Positive	-40.0%	Accelerated OXI wallet launch and first corporate client with growth targets.
Dec 10	Equity offering	Negative	-40.0%	Announced USD 2,500,000 registered direct equity raise before closing.
Dec 08	Revenue outlook update	Positive	-22.3%	Raised 2026 revenue target to USD 3.0 million with fintech expansion.
Dec 03	Reverse stock split	Neutral	-34.8%	1-for-20 reverse split to support Nasdaq minimum bid compliance.
Dec 01	Growth projection	Positive	-20.9%	Projected 500%+ 2026 revenue growth driven by fintech and digital assets.

Pattern Detected

Recent news, including growth updates and corporate actions, has been followed by sharp negative price reactions, suggesting a pattern of selling into announcements.

Recent Company History

Over the last weeks, Treasure Global has announced aggressive 2026 revenue growth targets, fintech and digital asset initiatives, and corporate actions such as a 1-for-20 reverse split. A prior registered direct offering for USD 2,500,000 on Dec 10 was followed by a -40.01% move. Several growth-focused updates on OXI Wallet, UNIRWA tokens, and the Quarters Elite acquisition were also met with double‑digit declines, framing today’s closing of the same offering as part of a broader capital-raising and restructuring phase.

Market Pulse Summary

This announcement confirms the closing of Treasure Global’s previously disclosed registered direct offering, raising USD 2,500,000 through 250,000 new common shares. It follows recent reverse split and growth-guidance updates, indicating an active period of capital and corporate restructuring. Investors may focus on how proceeds support OXI Wallet, digital asset initiatives, and acquisitions, while monitoring future capital needs and any further equity issuance.

Key Terms

registered direct offering financial

"announced the closing of its previously announced registered direct offering with"

A registered direct offering is a way for a company to sell new shares of its stock directly to select investors with regulatory approval. This method allows the company to raise funds quickly and efficiently without needing a public auction, similar to offering exclusive access to a limited number of buyers. For investors, it often provides an opportunity to purchase shares at a favorable price, while giving the company immediate access to capital.

prospectus supplement regulatory

"A final prospectus supplement and accompanying prospectus relating to the offering"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

placement agent financial

"D. Boral Capital LLC acted as the exclusive placement agent for the offering."

A placement agent is a professional or firm that helps organizations raise money from investors, such as individuals, institutions, or funds. They act like matchmakers, connecting those seeking investments with the right investors and guiding the process to ensure successful funding. For investors, they can provide access to exclusive opportunities and help navigate complex fundraising efforts.

AI-generated analysis. Not financial advice.

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 info@dboralcapital.com 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
ir_us@treasureglobal.org

FAQ

How many shares did Treasure Global (TGL) sell in the December 2025 registered direct offering?

The company sold 250,000 shares of common stock.

How much gross proceeds did Treasure Global (TGL) raise in the Dec 11, 2025 offering?

Treasure Global raised USD 2,500,000 in gross proceeds before fees and expenses.

What was the implied price per share in Treasure Global's (TGL) offering on Dec 11, 2025?

The offering implies a price of USD 10.00 per share (2,500,000 divided by 250,000).

Who acted as placement agent for Treasure Global's (TGL) registered direct offering?

D. Boral Capital LLC served as the exclusive placement agent.

Where can investors obtain the final prospectus supplement for Treasure Global (TGL)'s offering?

The final prospectus supplement is filed with the SEC and available from D. Boral Capital LLC (contact details provided in the filing).