Treasure Global Inc Announces Termination of its At-The-Market Offering Program
October 01 2024 - 3:30PM
Treasure Global Inc (NASDAQ: TGL) (“Treasure Global” or the
“Company”), a leading technology solutions provider, is pleased to
announce that it has completed its previously disclosed
at-the-market equity offering program (“ATM Offering”) launched on
March 22, 2024, and the termination of the same with H.C.
Wainwright & Co., LLC, as sales agent on September 25, 2024.
The ATM Offering was initiated to offer common
shares totaling US$2,990,900 from time to time, and as of the
termination date, the Company has sold 1,678,307 of its common
shares and raised the maximum total gross proceeds of
US$2,990,162.32 before deducting commissions and offering
expenses.
The net proceeds from the ATM Offering have been
used to support Treasure Global’s continued growth and corporate
initiatives, which encompass new business ventures and
investments.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy securities, nor will
there be any sale of the securities in any province, state, or
jurisdiction in which such offer, solicitation, or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such province, state, or
jurisdiction.
About Treasure Global Inc:
Treasure Global is a leading Malaysian solutions
provider developing innovative technology platforms. Treasure
Global has developed the ZCITY Super App, a unique digital
ecosystem that transforms and simplifies the e-payment experience
for consumers, while simultaneously allowing them to earn rewards.
As of August 9, 2024, ZCITY Super App boasts over 2.7 million
registered users.
For more information, please visit
https://treasureglobal.co.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains forward-looking
statements that are subject to various risks and uncertainties.
Such statements include statements regarding the Company’s ability
to grow its business and other statements that are not historical
facts, including statements which may be accompanied by the words
“intends,” “may,” “will,” “plans,” “expects,” “anticipates,”
“projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,”
“potential” or similar words. Actual results could differ
materially from those described in these forward-looking statements
due to certain factors, including without limitation, the Company’s
ability to achieve profitable operations, customer acceptance of
new products, the effects of the spread of the coronavirus
(COVID-19) and future measures taken by authorities in the
countries wherein the Company has supply chain partners, the demand
for the Company’s products and the Company’s customers’ economic
condition, the impact of competitive products and pricing,
successfully managing and, general economic conditions and other
risk factors detailed in the Company’s filings with the United
States Securities and Exchange Commission. The forward-looking
statements contained in this press release are made as of the date
of this press release, and the Company does not undertake any
responsibility to update the forward-looking statements in this
release, except in accordance with applicable law.
For further information, please
contact:
Investor and Media
Contactir_us@treasuregroup.co
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