Treasure Global to Consolidate 24 Shares into One Starting November 16
This move is intended to help restore compliance with Nasdaq’s $1.00 minimum price requirement.
Treasure Global announced a consolidation of its common shares at a ratio of 1 to 24. Trading of the shares on Nasdaq under the ticker TGL will continue, but starting from the market opening on November 16, 2026, the shares will trade under the new ratio.
The company expects to increase the price of a single share and help restore compliance with Nasdaq’s minimum listing requirement of $1.00. However, Treasure Global cautioned that it cannot guarantee long-term adherence to the listing rules.
Shareholders approved the possibility of a reverse split within a range of 1 to 2 to 1 to 50, granting the board of directors the authority to select the exact ratio and the date for filing the charter amendment. Following this, the company submitted the necessary changes, setting the ratio at 1 to 24.
As a result, the number of outstanding shares is expected to decrease from 22,005,674 to approximately 916,903. Shares under existing incentive programs, warrants, convertible bonds, and certain agreements will be adjusted proportionally. The par value and the authorized number of common and preferred shares will remain unchanged.
Fractional shares will not be paid out; they will be rounded up to a whole share. The consolidation applies uniformly to all shareholders and does not alter each shareholder’s proportionate ownership in the company’s capital.
