Key Highlights

  • Treasure Global (NASDAQ:TGL) was quoted at USD 0.17 intraday on November 13, 2026, up 6.27%, with about 1.99 million shares traded and a Market Value of about USD 2.22 million.
  • On November 12, 2026 the company said a 1-for-24 Reverse Stock Split will take effect at the market open on November 16, cutting shares outstanding from about 22.0 million to about 0.92 million.
  • The split aims to restore compliance with the Nasdaq USD 1.00 minimum bid price, and stockholders approved it on November 5.
  • Preliminary results for the year to June 30, 2026 showed Revenue of about USD 5.17 million, up about 122%, and a net loss of about USD 11.1 million, down from USD 23.4 million.

The Reverse Split Is the Immediate Event

The most important and most recent development is the reverse split. On November 12, 2026 Treasure Global announced that every 24 shares will be combined into one at the market open on November 16, with fractional shares rounded up. Stockholders approved the change on November 5 and the amendment to the company's charter was filed on November 9. The share count will fall from 22,005,674 to about 916,903. At the current price of about USD 0.17, the split would mechanically put the shares at around USD 4.08, comfortably above the USD 1.00 Nasdaq minimum. The purpose is to avoid delisting, not to change the value of the business, and holders will own the same proportion of the company after the split as before. The 52-week range of USD 0.14 to USD 58.00 shows how far the shares have fallen, partly because of earlier share issuance. Reverse splits in small companies are often followed by further selling, because a very small float can swing sharply and new issuance can resume once the price is higher.

What Treasure Global Does

Treasure Global is a Malaysian technology company whose main product is the ZCITY super app, a consumer rewards and E-commerce platform that had about 2.71 million registered users at March 31, 2026. Preliminary unaudited results for the fiscal year ended June 30, 2026 showed revenue of about USD 5.17 million, more than double the USD 2.33 million recorded a year earlier, and a net loss of about USD 11.1 million, roughly half the prior year's loss of USD 23.4 million. The direction is improving, yet the loss is still about twice the size of revenue. The company has also pursued deals: in September it signed a non-binding memorandum of understanding valued at about USD 38 million to acquire 51% of a logistics business, and it announced a Partnership in traceability services. In October board members agreed to a USD 1.2 million private placement, with shares expected to be issued on December 4, 2026. Treasure Global (NASDAQ:TGL) will need further Capital if losses continue at this pace.

Risks for Holders After the Split

Three risks stand out. First, dilution: the board Placement and any future offerings will add shares to a much smaller post-split base, so each new issue has a larger proportional effect. Second, deal execution: the logistics Acquisition is non-binding, and its terms and funding have not been finalised. Third, listing: the split should restore the bid price, but the company must also meet other Nasdaq standards, and a fall back toward USD 1.00 would revive the problem. The modest rise on November 13 on below average Volume suggests traders are positioning for the split rather than reacting to new fundamentals.

Where Things Stand

Treasure Global traded at USD 0.17 on November 13, 2026, three days before a 1-for-24 reverse split that will cut its share count to about 0.92 million. Revenue more than doubled in fiscal 2026, but losses remain large. Watch trading after November 16, the December 4 placement and any update on the logistics deal.