secwatch.observer — SEC 8-K summary
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Issuer:     TREASURE GLOBAL INC (TGL)
CIK:        0001905956
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001213900-24-024451
Event type: regulatory
Sentiment:  positive
Materiality: 0.65
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1905956/000121390024024451/0001213900-24-024451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1905956/000121390024024451/ea0202224-8k_treasure.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-024451

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