---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-024451"
form_type: "8-K"
ticker: "TGL"
cik: "0001905956"
company_name: "TREASURE GLOBAL INC"
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T10:31:35.407313+00:00"
event_type: "regulatory"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Treasure Global receives Nasdaq delisting notice for CEO share issuance; compliance regained

## Summary
- Nasdaq notified on Mar 20, 2024, of non-compliance with Rule 5635(c) for issuing 1,057,519 restricted shares to CEO at $0.176 vs $0.192 closing bid.
- Total 1,816,735 restricted shares issued Oct 11, 2023 to cancel $321,562.08 in debt.
- CEO Chong Chan Teo made cash payment on Mar 13, 2024, to raise effective price per share to $0.192, curing the deficiency.
- Company regained compliance with Nasdaq Listing Rule 5635(c) as of March 13, 2024.

## SEC filing metadata
- accession: 0001213900-24-024451
- form_type: 8-K
- ticker: TGL
- cik: 0001905956
- company_name: TREASURE GLOBAL INC
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: regulatory
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1905956/000121390024024451/0001213900-24-024451-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1905956/000121390024024451/ea0202224-8k_treasure.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-024451
- JSON: https://secwatch.observer/filing/0001213900-24-024451.json
- Plain text: https://secwatch.observer/filing/0001213900-24-024451.txt

## Key facts
- Listing & Compliance Notices
  TREASURE GLOBAL INC received a nasdaq deficiency notice notice regarding shareholders (rules 5635(c)).
  - Exchange: nasdaq
  - Notice: deficiency notice
  - Deficiency: shareholders
  - Rules: 5635(c)
  source text: March 20, 2024, Treasure Global Inc (the “Company”) received a written notice from the staff of The Nasdaq Stock Market LLC (“Nasdaq”) dated March 20, 2024, notifying the Company that (1) it was not in compliance with the shareholder approval requirement of Nasdaq Listing Rule 5635(c) (the “Rule”) because on October 11, 2023, the Company issued restricted shares in the aggregate amount of 1,816,735 in exchange for the cancellation of $321,562.08 of debt, resulting in an effective price per share of $0.176, 1,057,519 of such shares were issued to Chong Chan Teo, the Company’s Chief Executive Of
  evidence_url: https://www.sec.gov/Archives/edgar/data/1905956/000121390024024451/0001213900-24-024451-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.