24/7 Market News Snapshot 01 October, 2024 – Treasure Global Inc. Common Stock (NASDAQ:TGL)

October 1, 2024

DENVER, Colo., 01 October, 2024 (247marketnews.com) – (NASDAQ:TGL) are discussed in this article.
Treasure Global Inc. (NASDAQ:TGL) is experiencing significant market attention, evident from its recent impressive stock performance. After opening at $1.22, the stock has surged by an extraordinary 56.16%, currently trading at $1.952, with an enthusiastic trading volume of 1.17 million shares. This bullish momentum reflects strong investor confidence and suggests continued interest in this dynamic stock, making it a focal point for investors seeking growth opportunities.

In addition to this market activity, Treasure Global has successfully concluded its at-the-market equity offering program initiated on March 22, 2024. Managed by H.C. Wainwright & Co., the offering aimed to raise up to US$2,990,900 and has been terminated after successfully selling 1,678,307 shares, resulting in gross proceeds of US$2,990,162.32 as of September 25, 2024.

The funds secured from this equity offering will support the Company’s strategic initiatives and fuel new business ventures, particularly enhancing the capabilities of its innovative ZCITY Super App. This digital platform not only streamlines e-payment processes but also provides users with opportunities to earn rewards, solidifying its position in the competitive technology landscape.

With over 2.7 million registered users as of August 9, 2024, the ZCITY Super App continues to elevate digital transaction experiences, contributing to heightened customer engagement and satisfaction.

Treasure Global is dedicated to advancing its technology solutions while responding to the fast-changing industry dynamics. The Company remains committed to addressing evolving consumer needs and fostering a framework for sustainable growth. As it navigates potential challenges and seizes upcoming opportunities, Treasure Global is poised to shape the future of digital interactions.

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