Treasure Global Inc.

07/09/2025 | Press release | Distributed by Public on 07/09/2025 15:20

Failure to Satisfy Listing Rule (Form 8-K)

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On July 2, 2025, Treasure Global Inc (the "Company") received a notification letter (the "Notification Letter") from the Listing Qualifications Department (the "Staff") of the Nasdaq Stock Market LLC ("Nasdaq") indicating the Company's failure to satisfy a continued listing standard from Nasdaq under Listing Rule 5620(a). The Notification Letter indicated that the Company failed to hold an annual meeting of stockholders within the required twelve-month period from the end of the Company's fiscal year. The Notification Letter is only a notification of deficiency, not of imminent delisting. Therefore, the Notification Letter has no current effect on the listing or trading of the Company's securities on Nasdaq.

In accordance with Nasdaq Listing Rule 5810(c)(2)(G), the Company has 45 calendar days to submit a plan to regain compliance. If the Company submits a plan to regain compliance within the required timeframe and that plan is accepted, the Company may be granted an exception of up to 180 calendar days from the fiscal year end, or June 30, 2025, to regain compliance. In the event the Company's plan is not accepted, the Company's securities may be subject to delisting and the Company will have the opportunity to appeal the Staff's delisting determination to a hearings panel in accordance with the Nasdaq Listing Rule 5815(a).

The Company is actively engaged in demonstrating its compliance with applicable requirements for continued listing on Nasdaq. This includes the coordination of an annual meeting of stockholders, set to convene virtually on August 5, 2025.

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