Treasure Global Inc. - Common Stock (TGL)

Pre-market trading is heating up as Black Diamond Therapeutics, Inc. (Nasdaq: BDTX) surges on positive Phase 2 data for its cancer treatment BDTX-1535. Peraso Inc. (NASDAQPRSO) continues its expansion into the Asian markets and a major military contract. Kaival Brands NASDAQ: KAVLNASDAQKAVL)(NASDAQ: BNZINASDAQBNZI, which saw a 97.51% rally after announcing a favorable share structure, Battalion Oil Corp (NASDAQ: BATLNASDAQ) on merger news, and Treasure Global Inc. (NASDAQ: TGLTGL) , experiencing unusual high volume on its innovative ZCITY Super App. Keep these stocks on your radar for potential moves. See more in-depth information below.

Treasure Global (NASDAQTGL) recently closed its previously announced underwritten public offering of 26,014,000 shares of common stock, par value $ $0.00001 per share, at a public offering price of $0.10 per share, and 14,000,000 pre-funded warrants, each with a right to purchase one share of common stock at a public offering price of $0.0999 per pre-funded warrant. Aggregate gross proceeds to the company totaled approximately $4.0 million, prior to deducting underwriting discounts and other offering expenses. In addition, Treasure Global granted the underwriters a 45-day option to purchase up to an additional 6,002,100 shares of common stock at the public offering price per share and/or pre-funded warrants in lieu thereof at the public offering price per pre-funded warrant, less the underwriting discounts, to cover over-allotments, if any. EF Hutton LLC acted as the sole book running manager for the offering.

NEW YORK, NY / NewsDirect / October 2nd, 2023 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued three reasons Treasure Global Inc. is moving higher.

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New York, New York--(Newsfile Corp. - July 12, 2023) - Treasure Global Inc. (NASDAQ:...

Treasure Global (NASDAQTGL), an innovative e-commerce platform providing seamless technology enabled solutions for lifestyle needs, has signed an agreement with a single institutional investor for an unsecured convertible debt facility. The agreement is for up to $5.5 million to be drawn in tranches. According to the announcement, Treasure Global anticipates using the first $2 million drawdown to continue developing innovative new products and solutions as well as for working capital and general corporate purposes. “We are pleased to reach an agreement for financing of up to $5.5 million, to provide TGI with additional runway to continue the development of our pipeline of innovative technology offerings for lifestyle needs,” said Treasure Global CEO Sam Teo in the press release. “The additional capital will provide TGI with greater financial flexibility as we remain focused on increasing user engagement and enhancing our product offerings to generate revenue with improved margins.”

Treasure Global (NASDAQTGL), an innovative e-commerce platform providing seamless payment solutions and rewards programs, has closed on its previously announced upsized initial public offering. The offering comprised 2,300,000 shares of common stock and included the full exercise of the underwriter’s overallotment option; the shares were offered at $4 per share, resulting in gross proceeds of some $9.2 million before deducting underwriting discounts, commissions and other offering expenses. The announcement noted that TGL common stock began trading on the Nasdaq Capital Market on Aug. 11, 2022. According to the announcement, Treasure Global plans to use the net proceeds from the offering to increase its capitalization and financial flexibility, as well as for working capital and general corporate purposes.