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Treasure Global announces 1-for-24 reverse stock split to meet Nasdaq $1 minimum bid price rule

Company Fundamentals
12 Nov 2026, 18:00 WIB
GlobeNewsWire
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Neutral
Treasure Global announces 1-for-24 reverse stock split to meet Nasdaq $1 minimum bid price rule

Treasure Global Inc. will implement a 1-for-24 reverse stock split on November 16, 2026, to increase its share price and comply with Nasdaq's minimum bid price requirement of $1. This move will reduce the total shares from about 22 million to roughly 917,000 but won't change shareholders' ownership percentages. The reverse split aims to help the company maintain its Nasdaq listing, though long-term compliance is not guaranteed. Shares will continue trading under the ticker TGL with adjusted share counts automatically reflected for all shareholders.

Treasure Global's upcoming 1-for-24 reverse stock split is noted here alongside Pluang's snapshot of the Technology sector as of Nov 12, 2026 22:11 WIB: out of 150 US tech stocks, 32 rose and 117 fell. ASX traded at USD 35.26, down 6.77%, with a typical hold time of 49 days and a 69% sell order activity. CORZ was priced at USD 13.66, down 6.25%, held typically for 24 days with 75% sell orders. IONQ stood at USD 32.12, down 5.70%, but saw a contrasting 85% buy order activity and a 39-day hold time.

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