Treasure Global Inc filed a definitive proxy statement on October 26, 2026, calling a Special Meeting of Stockholders for November 5, 2026, to vote on authorizing a reverse stock split of its common stock at a ratio ranging from 1-for-2 to 1-for-50 in order to maintain compliance with Nasdaq Listing Rule 5550(a)(2).

Key Highlights

  • Split ratio range: Stockholders are being asked to authorize the Board to effect a reverse stock split at any whole-number ratio between one-for-two (1-for-2) and one-for-fifty (1-for-50).
  • Compliance purpose: According to the filing, the reverse stock split is sought to maintain compliance with Nasdaq Listing Rule 5550(a)(2).
  • Record date shares outstanding: As of the September 18, 2026 record date, there were 12,672,698 shares of common stock outstanding.
  • Board discretion: If approved, the Board would have authority to set the timing of the split, or to refrain from taking such action, without further stockholder approval.
  • Meeting format: The Special Meeting will be held virtually on November 5, 2026, at 9:00 a.m. Eastern Time via live webcast.
  • Board recommendation: The filing states the Board recommends stockholders vote FOR both Proposal 1 (the Split Authorization) and Proposal 2 (the Adjournment Proposal).

Treasure Global's Reverse Split Proposal and Nasdaq Listing Context

Treasure Global Inc (NASDAQ:TGL), a Delaware corporation headquartered at 276 5th Avenue, Suite 704 #739, New York, New York 10001, issued its definitive proxy statement seeking stockholder approval for a potential reverse stock split of its common stock. The filing identifies the proxies as Chong Chan "Sam" Teo, Executive Director and Acting Chief Executive Officer, and Pusparajan a/l Vadiveloo, Chief Financial Officer, who would vote shares according to stockholder instructions at the Special Meeting.

The core proposal, designated Proposal 1, would amend the Company's Certificate of Incorporation to grant the Board authority to implement a reverse stock split at any whole-number ratio between 1-for-2 and 1-for-50, with no additional stockholder vote required before the Board acts. The filing describes the purpose as maintaining compliance with Nasdaq Listing Rule 5550(a)(2). The Board has determined, according to the proxy statement, that this proposal "is in the best interest of the Company and its stockholders." A second proposal would allow adjournment of the Special Meeting if insufficient proxies are received to pass Proposal 1.

Stockholders of record as of September 18, 2026 are entitled to vote, at which time 12,672,698 shares of common stock were outstanding. Proxy materials were first mailed on or about October 26, 2026. The filing notes that a complete list of stockholders of record will be available at the Company's principal executive offices for at least ten days before the Special Meeting.

What Was Disclosed

Treasure Global Inc filed a definitive proxy statement on October 26, 2026, requesting stockholder authorization for the Board to execute a reverse stock split at a ratio of 1-for-2 to 1-for-50, aimed at satisfying Nasdaq Listing Rule 5550(a)(2), with 12,672,698 shares outstanding on the record date.