other material
confidence high
sentiment neutral
materiality 0.50
Treasure Global files 1-for-50 reverse stock split to regain Nasdaq compliance
TREASURE GLOBAL INC
- Board approved 1-for-50 reverse split; Certificate of Amendment filed on April 2, 2025.
- Effective April 7, 2025, shares begin trading on split-adjusted basis under same symbol TGL.
- Outstanding shares reduced from 81,426,799 to 1,628,536; fractional shares rounded up.
- Split intended to meet Nasdaq's $1.00 minimum bid price requirement; compliance not guaranteed.
- Reverse stock split authorized by stockholders on October 23, 2024.