Treasure Global Files Form 12b-25 to Extend Filing of Annual Report on Form 10-K
Rhea-AI Summary
Treasure Global (NASDAQ: TGL), a Malaysian technology solutions provider, has filed Form 12b-25 to extend the submission deadline of its Annual Report on Form 10-K for the fiscal year ended June 30, 2025. The company requires additional time to complete audit procedures for certain fiscal year-end accounts.
The company expects to file Form 10-K by October 15, 2025, within the prescribed SEC extension period. Treasure Global operates the ZCITY Super App, which combines e-payment solutions with loyalty rewards, and has accumulated over 2.7 million registered users as of March 2025.
Positive
- Strong user base with 2.7 million registered ZCITY users as of March 2025
- Established presence in Malaysia's digital economy through integrated payment and loyalty platform
Negative
- Delay in filing annual Form 10-K report indicates potential accounting or audit complications
- Additional time needed for audit procedures suggests possible internal control or reporting issues
News Market Reaction
On the day this news was published, TGL declined 5.83%, reflecting a notable negative market reaction. Argus tracked a trough of -7.9% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $445K from the company's valuation, bringing the market cap to $7M at that time.
Data tracked by StockTitan Argus on the day of publication.
KUALA LUMPUR, Malaysia, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”) today announced that it has filed a Notification of Late Filing on Form 12b-25 with the U.S. Securities and Exchange Commission (“SEC”). The filing provides the Company with additional time to submit its Annual Report on Form 10-K for the fiscal year ended June 30, 2025.
The extension is required to allow additional time to complete audit procedures related to certain fiscal year-end accounts.
Treasure Global expects to file its Form 10-K within the prescribed extension period under SEC rules, on or before October 15, 2025.
The Company will provide updated timing for its earnings release and any related investor communications once available.
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 March 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 Inc.
ir_us@treasureglobal.org
FAQ
Why did Treasure Global (TGL) delay filing its 2025 Form 10-K?
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