Cash Position
The company has 21.2 months of cash left based on the quarterly cash burn of $797.51 k and estimated current cash of $5.63 M
Commentary on Financial Condition
Treasure Global Inc. has been actively raising capital through various offerings, including a public offering in November 2023 that netted approximately $3.5 million and a marketing offering agreement that brought in about $2.9 million by December 2024. The company also entered a Share Purchase Agreement with Alumni Capital LP, allowing for the purchase of up to $6 million in common stock, with $2 million already purchased, providing additional liquidity. Despite these efforts, the company faces challenges with declining revenues and user engagement, necessitating strategic adjustments to improve profitability and sustain operations., Filed At: 2025-02-14
Former Symbols
Nasdaq Compliance
Date
Deficiency
Market
Status
Notes
Nov 20, 2024
Bid Price
NCM
RESOLVED
Treasure Global Inc. announced a 1-for-50 reverse stock split effective April 7, 2025, to comply with Nasdaq's minimum bid price requirement, reducing outstanding shares from 81,426,799 to 1,628,536. The stock began trading on a split-adjusted basis on the Nasdaq Capital Market on the same date, as per the filing on April 7, 2025.
Previous Splits
Date
Split
4/7/2025
50 to 1
2/27/2024
70 to 1
Pending Offering
Title | Details | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
INITIAL REGISTRATION FOR OFFERING | WITHDRAWN | - | 21.28 k | - | 63.83 k | - | Jul 26, 2024 | S-1 |
Shelf
Title | Raisable Amt | Offering Amt | Amt Sold Last 12 Mos | Float | 60 Day High | Price to Exceed Baby Shelf | Float Value | Exp Date | Effective date | |
|---|---|---|---|---|---|---|---|---|---|---|
March 2024 SHELF & ATM | -$1,264,135.00 | $100.00 M | 4066267 | 1.05 M | 8.02 | 71.55 | 8.41 M | 4/1/2027 | 4/1/2024 |
ATM
Title | ATM Remaining | Offering Amt | Exp Date | Shr Amt | Bank | Date | Type | |
|---|---|---|---|---|---|---|---|---|
March 2024 SHELF & ATM | -$1,166,305.00 | $100.00 M | 4/1/2027 | - | - | Mar 22, 2024 | S-3 |
Warrants
Title | Registered | Remaining Warrants | Ex Price | Cost Basis | Total Warrants | Owners | Bank | Price Protection | Details | Exercisable Date | Expiration Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
October 2024 - Purchase Warrant | Registered | 26,867 | $7.50 | - | 26,867 | Alumni Capital LP | Variable Rate | The Company issued Alumni Capital a three-year Purchase Warrant on October 10, 2024. This allows Alumni Capital to buy common stock equal to 10% of the Commitment Amount, divided by the warrant's exercise price. The exercise price per share is determined by dividing a $5,000,000 valuation by the total number of outstanding common shares on the Exercise Date. | Oct 11, 2024 | Oct 11, 2027 | Oct 11, 2024 |
Convertibles
Title | Registered | Shares Remaining | Cv Price | $ Amt Remaining | Total $ Amt | Owners | Bank | Price Protection | Details | Convertible Date | Maturity Date | Filed Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
February 2023 - Convertible Note | Registered | 0 | $1,773.00 | $0.00 | $0.00 | YA II | Variable Rate | The "Conversion Price" is the lower of: (i) $1.6204 per share (Fixed Conversion Price) or (ii) 93% of the lowest VWAP of Common Shares over the 10 trading days before the Conversion Date (Variable Conversion Price), but not less than $0.25 per share (Floor Price). | - | - | Feb 28, 2023 |
Equity Line
Details | Offering Amt | Shr Amt | Share Price | Warrants | Ex Price | Cv Price | Date | Type | ATM Remaining | |
|---|---|---|---|---|---|---|---|---|---|---|
Alumni Capital - SPA - The price at which shares can be sold to Alumni Capital is determined by taking the lowest traded price of the company's stock over the five consecutive business days before the sale date and multiplying it by 95%. This means the shares are sold at a slight discount to the recent market price. As for the maximum amount of shares that can be sold on a given day, the company has the discretion to decide how many shares to sell, but they cannot sell shares that would result in Alumni Capital owning more than 4.99% of the company's total outstanding shares at any time. | $5.00 M | 450.00 k | - | 50.00 k | $0.00 | - | Nov 18, 2024 | S-1 | $5,000,000.00 | |
ALUMNI CAPITAL SPA - The price at which shares can be sold to Alumni Capital is determined by taking the lowest traded price of the company's stock over the five consecutive business days before the sale date and multiplying it by 95%. This means the shares are sold at a slight discount to the recent market price. As for the maximum amount of shares that can be sold on a given day, the company has the discretion to decide how many shares to sell, but they cannot sell shares that would result in Alumni Capital owning more than 4.99% of the company's total outstanding shares at any time. | $1.00 M | - | - | - | $0.00 | - | Oct 16, 2024 | 424B5 | $1,000,000.00 |
Completed Offerings
Title | Offering Amt | Shr Amt | Share Price | Warrants | Bank | Owners | Date | Type | |
|---|---|---|---|---|---|---|---|---|---|
ATM USED | $5.88 M | - | - | - | Alumni Capital | - | Jan 27, 2025 | 10-Q | |
REGISTERED OFFERING | $1.18 M | 71.33 k | $16.50 | - | N/A | Invesco, Chai Jia Min | Nov 27, 2024 | 8-K | |
NEW EQUITY LINE | $6.00 M | - | - | - | - | - | Oct 17, 2024 | 8-K | |
EQUITY LINE | $6.00 M | - | - | - | - | - | Oct 11, 2024 | 8-K | |
ATM USED | $431.81 k | 1.90 k | - | - | - | - | Sep 30, 2024 | 10-K | |
REGISTERED OFFERING (UNDERWRITTEN) | $4.00 M | 11.43 k | $350.00 | 0.00 | EF Hutton | L1, Sabby | Nov 29, 2023 | 8-K | |
PRIVATE PLACEMENT | $2.00 M | 352.64 | $5,670.00 | 0.00 | EF Hutton | YA II | Feb 28, 2023 | 8-K | |
IPO | $8.00 M | 571.42 | $14,000.00 | 0.00 | EF Hutton | - | Aug 11, 2022 | 8-K |