TREASURE GLOBAL INC (TGL): Nasdaq/NYSE listing notice — Treasure Global receives Nasdaq deficiency notice for bid price below $1.00

TREASURE GLOBAL INC

Nasdaq notified Treasure Global on Aug 17, 2023, that its closing bid price was below $1.00 for 30 consecutive business days (July 6–Aug 16, 2023).
Company has 180 days, until Feb 13, 2024, to regain compliance by closing at or above $1.00 for at least 10 consecutive trading days.
Failure to cure by Feb 13 may allow an additional 180-day period if the company meets other listing standards and notifies Nasdaq of its intent to cure.
If still non-compliant after any grace period, Nasdaq may delist the stock; company may appeal to a hearings panel.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

TREASURE GLOBAL INC received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5550(a)(2), 5810(c)(3)(A)

Exact text from the filing

August 17, 2023, Treasure Global Inc (the “Company”) received a letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) therein stating that for the 30 consecutive business day period between July 6, 2023 through August 16, 2023, the common stock of the Company had not maintained a minimum closing bid price of $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided an initial period of 180 calendar d

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TREASURE GLOBAL INC filing history →

Source: SEC EDGAR

accession 0001213900-23-069693

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