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Stock impact report

Treasure Global Inc Announces Request to Withdraw S-1 Registration Statement

Treasure Global Inc. (TGL) 
Company Research Source: GlobeNewswire
NEW YORK and KUALA LUMPUR, Malaysia, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading technology solutions provider, today announced that it has submitted a request to withdraw its S-1 Registration Statement originally filed with the U.S. Securities and Exchange Commission (SEC) on July 26, 2024. The Registration Statement has not been declared effective by the SEC, and no securities have been sold in connection with the offering described in the Registration Statement. This strategic move is in response to current market conditions, including recent declines in the Company’s share prices. Withdrawing the S-1 Registration Statement aligns with the Company’s ongoing strategic direction and reflects a broader effort to protect shareholder value and better pursue initiatives that will support the Company’s growth over the long term. “We have been prompted to reassess our approach, and we believe that withdrawing the Show less Read more
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