Treasure Global closes $4M public offering, addresses Nasdaq equity deficiency

TREASURE GLOBAL INC

Priced 26,014,000 shares at $0.10 and 14,000,000 pre-funded warrants at $0.0999, grossing ~$4.0M.
Net proceeds ~$3.6M; will repay convertible debentures to YA II PN, Ltd. and for working capital.
Nasdaq notified company on Oct 9, 2023 of non-compliance with minimum $2.5M equity rule.
Company believes offering brings it back into compliance with Nasdaq equity requirement.
Underwriter EF Hutton granted 45-day over-allotment for up to 6,002,100 additional shares/warrants.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TREASURE GLOBAL INC entered into Underwriting Agreement with EF Hutton LLC (effective 2023-11-28).

Action: entry
Agreement: underwriting
Counterparty: EF Hutton LLC
Effective: 2023-11-28

Exact text from the filing

On November 28, 2023, Treasure Global Inc (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with EF Hutton LLC as the underwriter

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38 material agreements filed in the last 30 days. Browse all material agreements →

TREASURE GLOBAL INC filing history →

Source: SEC EDGAR

accession 0001213900-23-092030

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