NEW YORK, Aug. 10, 2022 (GLOBE NEWSWIRE) — Treasure International Inc (Nasdaq: TGL) (“TGI”, or the “Firm”), an revolutionary e-commerce platform offering seamless fee options and rewards packages, at present introduced the pricing of its upsized preliminary public providing of two,000,000 shares of its widespread inventory at a public providing worth of $4.00 per share, for combination gross proceeds of roughly $8.0 million earlier than deducting underwriting reductions, commissions, and different providing bills. As well as, TGI has granted the underwriters a 45-day choice to buy as much as a further 300,000 shares of widespread inventory on the public providing worth per share, much less the underwriting reductions and commissions, to cowl over-allotments, if any.
The shares are anticipated to start buying and selling on the Nasdaq Capital Market on August 11, 2022, underneath the ticker image “TGL” and the providing is predicted to shut on or about August 15, 2022, topic to satisfaction of customary closing circumstances.
The Firm intends to make use of the web proceeds from the providing primarily to extend its capitalization and monetary flexibility, along with working capital and normal company functions.
EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”), is appearing as sole book-running supervisor for the providing.
A registration assertion on Type S-1 (File No. 333-264364), was filed with the Securities and Change Fee (“SEC”) and was declared efficient on August 10, 2022, and a registration assertion on Type S-1MEF (File No. 333-266760), was filed with the SEC on the identical date and have become efficient upon submitting. A last prospectus regarding the providing will likely be filed with the SEC and will likely be accessible on the SEC’s web site at http://www.sec.gov. Digital copies of the ultimate prospectus regarding this providing, when accessible, could also be obtained from EF Hutton, division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Ground, New York, NY 10022, Consideration: Syndicate Division, or through electronic mail at [email protected] or phone at (212) 404-7002.
This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase any of the securities described herein, nor shall there be any sale of those securities in any state or jurisdiction through which such supply, solicitation or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction.
About Treasure International Inc
TGI is an revolutionary Malaysian e-commerce platform offering seamless fee options for shoppers and retailers with on the spot rebates and affiliate cashback packages. On a mission to deliver collectively the worlds of on-line e-commerce and offline bodily retailers, TGI is creating a portfolio of main digital platforms to be used all through Southeast Asia (“SEA”) and Japan. In June 2020, TGI launched its proprietary product, the ZCITY App, a novel digital ecosystem that transforms and simplifies the e-payment expertise for shoppers, whereas concurrently permitting them to earn rewards. Within the ZCITY ecosystem, customers can make the most of Tazte, a income producing digital F&B administration system offering retailers with a one-stop touchless administration and automatic answer to digitalize their companies. As of July 2022, ZCITY had over 2,000,000 registered customers and over 2,100 registered retailers.
For extra info, please go to https://treasureglobal.co/.
Ahead Wanting Statements
This press launch accommodates statements that represent “forward-looking statements,” together with with respect to the proposed preliminary public providing and the anticipated use of the web proceeds. No assurance could be provided that the providing mentioned above will likely be accomplished on the phrases described, or in any respect, or that the web proceeds of the providing will likely be used as indicated. Ahead-looking statements are topic to quite a few circumstances, lots of that are past the management of the Firm, together with these set forth within the Threat Elements part of the Firm’s registration assertion and preliminary prospectus for the Firm’s providing filed with the SEC. Copies of those paperwork can be found on the SEC’s web site, www.sec.gov. The Firm undertakes no obligation to replace these statements for revisions or adjustments after the date of this launch, besides as required by regulation.
For additional info, please contact:
U.S. Investor Contact
KCSA Strategic Communications
Malaysian Investor Contacts
Jason Chiew / Jun Hao
Imej Jiwa Communications Sdn Bhd
[email protected] / [email protected]
Sue Chuah, Chief Advertising Officer
Treasure International Inc