Sichenzia Ross Ference Carmel LLP Represents Treasure Global Inc. in $4 Million Public Offering

Press Release – New York, NY – December 7, 2023 – Sichenzia Ross Ference Carmel LLP announced on November 28th, that it represented Treasure Global Inc. (NASDAQ: TGL) in a public offering, with the pricing of 26,014,000 shares (the “Shares”) of common stock, par value $0.00001 per share (“Common Stock”), at a public offering price of $0.10 per share. As well, the offering includes 14,000,000 pre-funded warrants (the “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, for aggregate gross proceeds of approximately $4,000,000, before deducting underwriting discounts and offering expenses.

In addition, the Company has 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. The offering is expected to close on November 30, 2023, subject to satisfaction of customary closing conditions.

Treasure Global Inc. is an innovative Malaysian e-commerce platform, focused on providing seamless lifestyle solutions for online consumers and offline physical retailers. In June of 2020, TGI launched its proprietary product, the ZCITY App, a cross-profit-sharing platform that allows business owners to “promote their product, increase their network, and reap the profits and rewards.” Their product currently has over 2,660,000+ registered users, with at least 187,000 remaining active per quarter.

EF Hutton, a division of Benchmark Investments LLC, was the underwriter on said public offering.

The Sichenzia Ross Ference Carmel LLP team was led by partners Ross Carmel, Jeffrey Wofford, and associate Jeffrey Hua.

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Sichenzia Ross Ference Carmel LLP

Sichenzia Ross Ference Carmel LLP is a full service law firm with a nationally recognized corporate, securities and litigation practice that provides experienced representation in all matters involving the securities industry.  In addition to handling routine to complex commercial matters, SRFC’s renowned litigation department specializes in defending companies and individuals against all types of securities cases, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.  The litigation team has also brought defamation lawsuits against companies and individuals related to market manipulation.  Additionally, it represents individuals and companies in investigations by the Securities and Exchange Commission (SEC) and other regulatory bodies.  The litigation team has a robust practice representing brokers and broker-dealers in arbitrations before the Financial Industry Regulatory Authority (FINRA).  These arbitrations typically involve claims of unsuitability, churning, unauthorized trading and other allegations of broker misconduct.  Finally, SRF has a burgeoning expungement practice, where it represents brokers seeking to have negative and harmful customer complaints removed from their industry records.  The firm complements its core practice areas with an established commercial real estate and trusts and estates practice.

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