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Treasure Global Inc. (NASDAQ:TGL), a micro-cap company with a market capitalization of $4.46 million and whose stock has declined over 90% in the past six months, disclosed Wednesday that it received a notification from the Nasdaq Stock Market regarding non-compliance with a continued listing requirement. The notice, dated July 2, 2025, states that the company did not hold its annual meeting of stockholders within the required twelve-month period following the end of its fiscal year, as stipulated by Nasdaq Listing Rule 5620(a).
According to the statement, the notification is a deficiency notice and does not currently affect the listing or trading of Treasure Global’s securities on Nasdaq. The company now has 45 calendar days from the notice date to submit a plan to regain compliance. If the plan is accepted, Nasdaq may grant an exception of up to 180 calendar days from the fiscal year end, which was June 30, 2025, for Treasure Global to resolve the issue.
If the company’s compliance plan is not accepted, its securities may become subject to delisting. In that event, Treasure Global would have the opportunity to appeal the decision to a Nasdaq hearings panel, as outlined by Nasdaq Listing Rule 5815(a).
Treasure Global stated it is working to meet the requirements for continued listing and is coordinating its annual meeting of stockholders, which is scheduled to be held virtually on August 5, 2025.
This information is based on a statement filed by the company with the Securities and Exchange Commission.
In other recent news, Treasure Global Inc. has announced a significant $100 million digital asset initiative aimed at strengthening its digital infrastructure. This strategic move is partially funded by an existing equity financing agreement worth $50 million and a new institutional commitment of another $50 million. The initiative will facilitate the gradual acquisition of blockchain-native assets such as Bitcoin and Ethereum, supporting the company’s future plans for tokenization and blockchain-based systems. Additionally, Treasure Global is gearing up to launch a new AI-powered consumer intelligence platform in the third quarter of 2025, which will provide real-time insights into retail performance and enable merchants to sell digital coupons.
In leadership developments, Treasure Global has appointed See Wah “Sylvia” Chan as the new chief financial officer, effective July 1, 2025. Ms. Chan, who has been with the company as deputy CFO, will receive a monthly remuneration and annual stock options as part of her compensation package. Her appointment follows the resignation of the previous CFO, Sook Lee Chin. These recent developments highlight Treasure Global’s focus on enhancing its digital capabilities and leadership team to drive future growth.
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