---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-117673"
form_type: "8-K"
ticker: "TGL"
cik: "0001905956"
company_name: "TREASURE GLOBAL INC"
filed_at: "2025-12-03T23:59:59+00:00"
generated_at: "2026-05-16T15:28:31.178967+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Nasdaq determines to delist Treasure Global for bid price non-compliance; appeal filed

## Summary
- Received Staff Determination on Dec 2, 2025 based on bid price <$1.00 for 30 consecutive business days through Nov 28.
- Company ineligible for compliance period due to 1-for-70 and 1-for-50 reverse splits (cumulative 1:3,500 ratio) within 2 years.
- Company elected to request a Nasdaq hearings panel appeal; delisting and Form 25-NSE stayed pending panel decision.
- Common stock continues trading on Nasdaq during appeal process; business operations and SEC reporting unaffected.

## SEC filing metadata
- accession: 0001213900-25-117673
- form_type: 8-K
- ticker: TGL
- cik: 0001905956
- company_name: TREASURE GLOBAL INC
- filed_at: 2025-12-03T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1905956/000121390025117673/0001213900-25-117673-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1905956/000121390025117673/ea0268348-8k_treasure.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-117673
- JSON: https://secwatch.observer/filing/0001213900-25-117673.json
- Plain text: https://secwatch.observer/filing/0001213900-25-117673.txt

## Source-grounded claims
- claim_id: 7b036bb511838a1a0edd3df65cf7abe24ea2cde3
  claim: TREASURE GLOBAL INC received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A)(iv)).
  evidence_excerpt: December 2, 2025, Treasure Global Inc. (the “Company”) received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Staff has determined to delist the Company’s securities from The Nasdaq Capital Market (the “Staff Determination”). The Staff Determination was issued because (i) the Company failed to comply with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2), and (ii) pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible to receive a compliance period due to having effected
  evidence_url: https://www.sec.gov/Archives/edgar/data/1905956/000121390025117673/0001213900-25-117673-index.htm

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