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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