Treasure Global Regains Compliance with Nasdaq Bid Price Requirement
Rhea-AI Summary
Treasure Global (NASDAQ: TGL) announced it has regained compliance with Nasdaq’s minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) as of December 23, 2025. Nasdaq confirmed the Company is back in compliance with the Nasdaq Capital Market listing requirements and cancelled the previously scheduled Nasdaq Hearings Panel hearing set for January 27, 2026. The company stated its common stock will remain listed and actively traded on Nasdaq without interruption and said it will continue executing its strategic plans to build long-term shareholder value.
Positive
- Regained compliance on December 23, 2025
- Nasdaq cancelled the January 27, 2026 hearings panel
- Common stock will remain listed and actively traded
Negative
- Company faced a prior Nasdaq deficiency that prompted a hearing
- Regaining compliance occurred after a delisting proceeding was scheduled
News Market Reaction 11 Alerts
On the day this news was published, TGL declined 1.56%, reflecting a mild negative market reaction. Argus tracked a trough of -19.3% from its starting point during tracking. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $176K from the company's valuation, bringing the market cap to $11M at that time.
Data tracked by StockTitan Argus on the day of publication.
Market Reality Check
Peers on Argus 2 Down
Momentum data show 2 tracked peers (e.g., SOPA, ULY) moving down, with a median move of about -5.7%, while TGL’s pre-news move was positive, pointing to a more stock-specific reaction to recent developments.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 11 | Equity offering close | Positive | +8.0% | Closing of $2.5M registered direct offering under existing shelf registration. |
| Dec 10 | Product and growth update | Positive | -40.0% | Accelerated OXI wallet launch and ambitious user and revenue growth targets. |
| Dec 10 | Equity offering launch | Negative | -40.0% | Announcement of $2.5M registered direct offering of common stock, adding dilution. |
| Dec 08 | Revenue outlook update | Positive | -22.3% | Raised 2026 revenue target to ~$3.0M implying 1,500%+ growth vs Q1 2026. |
| Dec 03 | Reverse stock split | Neutral | -34.8% | 1-for-20 reverse split intended to lift share price for Nasdaq $1.00 bid rule. |
Recent news often involved capital raises and strategic fintech initiatives, with several positive-sounding updates met by negative price reactions, suggesting investor sensitivity to dilution and execution risk.
Over the past months, Treasure Global undertook a 1-for-20 reverse split to support Nasdaq bid-price compliance and repeatedly tapped the market via registered direct offerings of 250,000 shares for $2,500,000 gross proceeds. It also outlined aggressive 2026 revenue targets and accelerated its OXI wallet launch with new corporate clients and an intended 51% Quarters Elite acquisition. Today’s confirmation of Nasdaq bid-price compliance follows that reverse-split and capital-raising sequence, formally resolving a key listing risk highlighted in prior filings.
Market Pulse Summary
This announcement confirms that Treasure Global has regained compliance with Nasdaq’s minimum bid-price requirement under Listing Rule 5550(a)(2), avoiding a scheduled hearing and maintaining its Nasdaq Capital Market listing. In context of recent reverse-split and equity offerings, it formally closes a key listing overhang. Investors may track future capital-raising activity, progress on fintech initiatives, and any further regulatory updates related to ongoing listing standards.
Key Terms
minimum bid price requirement regulatory
AI-generated analysis. Not financial advice.
KUALA LUMPUR, Malaysia, Jan. 05, 2026 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company focused on building a scalable fintech and digital-asset ecosystem, today announced that on December 23, 2025, it received a formal notice from The Nasdaq Stock Market (“Nasdaq”) indicating that the Company has regained compliance with Nasdaq’s minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2). The Company is now in compliance with the Nasdaq Capital Market’s listing requirements.
Nasdaq has confirmed that the previously scheduled hearing before the Nasdaq Hearings Panel on January 27, 2026, has been cancelled. Treasure Global’s common stock will continue to be listed and actively traded on The Nasdaq Stock Market without interruption.
“We are very pleased to receive Nasdaq’s confirmation that we are back in full compliance with Nasdaq’s minimum bid price requirement,” said Carlson Thow, Chief Executive Officer of Treasure Global. “With this listing matter resolved, the Company is well positioned to continue executing on its strategic plans and to focus on building sustainable, long-term shareholder value.”
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
What action did Treasure Global (TGL) take to regain Nasdaq compliance on December 23, 2025?
Will Treasure Global (TGL) remain listed on Nasdaq after the January 27, 2026 hearing cancellation?
What does Nasdaq cancelling the January 27, 2026 hearing mean for TGL shareholders?
When did Nasdaq confirm Treasure Global is back in compliance with listing rules?
Which Nasdaq rule did Treasure Global meet to regain compliance?
