Treasure Global Signs Agreement to Retire Convertible Debt Notes
05 Diciembre 2023 - 7:00AM
Treasure Global Inc (the “Company” or “Treasure Global”) (NASDAQ:
TGL), an innovative technology solutions provider, today announced
that it has signed an agreement with YA II PN, Ltd to retire all
its outstanding convertible debt notes, following the Company’s
recently announced $4.0 million public offering.
On November 30, 2023, Treasure Global announced that it
successfully closed a $4.0 million public offering. A portion of
the proceeds were utilized to retire the remaining $2.1 million
convertible notes.
“By retiring our convertible debt notes, we believe we will
fortify our financial position, demonstrating our commitment to
optimizing our capital structure, with the goal of fostering
sustainable growth,” stated Sam Teo, Chief Executive Officer of
Treasure Global.
About Treasure Global Inc Treasure Global
is a Malaysian solutions provider developing innovative technology
platforms. Treasure Global has developed two technology solutions:
the ZCITY App, a unique digital ecosystem that transforms and
simplifies the e-payment experience for consumers, while
simultaneously allowing them to earn rewards; and TAZTE, a digital
F&B management system providing merchants with a one-stop
management and automated solution to digitize their businesses.
Treasure Global also acts as a master franchiser in Southeast Asia
for popular restaurant chains, while providing them with the TAZTE
solution. As of November 28, 2023, ZCITY had over 2,670,000
registered users.For more information, please
visit https://treasureglobal.co/.
Forward Looking StatementsThis press release
may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements are characterized by future or
conditional verbs such as “may,” “will,” “expect,” “intend,”
“anticipate,” “believe,” “estimate” and “continue” or similar
words. You should read statements that contain these words
carefully because they discuss future expectations and plans, which
contain projections of future results of operations or financial
condition or state other forward-looking information.
Forward-looking statements are not guarantees of future
performance, are based on certain assumptions and are subject to
various known and unknown risks and uncertainties, many of which
are beyond the control of the Company, including those set forth in
the Risk Factors section of the Company’s Annual Report on Form
10-K for the fiscal year ended June 30, 2023 filed with the
Securities and Exchange Commission (“SEC”) on September 28, 2023
and other filings made with the SEC. Copies of these documents are
available on the SEC’s website, www.sec.gov. These
forward-looking statements cannot be predicted or quantified and
consequently, actual results may differ materially from those
expressed or implied by such forward-looking statements. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
For further information, please contact:
U.S. Investor ContactErika KayKCSA Strategic
Communicationsir_us@treasuregroup.co
Malaysian Investor
Contactsir_my@treasuregroup.co
Media ContactSue Chuah, Chief Marketing
OfficerTreasure Global Incmediacontact@treasuregroup.co
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