TLDR
- Treasure Global (TGL) stock jumped nearly 300% on Friday following a 1-for-20 reverse stock split that took effect at market open
- The split reduced outstanding shares from 16.96 million to approximately 848,100 shares to help meet Nasdaq’s $1 minimum bid requirement
- The company projects over 500% revenue growth in 2026 driven by new fintech initiatives including OXI Wallet and UNIRWA tokenization
- TGL operates the ZCITY Super App with over 2.7 million registered users in Malaysia and recently acquired Quarters Elite, managing $150 million in assets
Treasure Global Inc. (TGL) shares soared nearly 300% on Friday as the company’s reverse stock split officially began trading. The 1-for-20 split aims to boost the per-share price and help TGL regain compliance with Nasdaq listing requirements.
The Malaysia-based technology firm had been working to meet Nasdaq’s minimum $1 bid price rule. The reverse split went into effect at market open on December 5, 2025, after receiving stockholder approval on November 24.
The split consolidated 20 existing shares into one new share. Outstanding shares dropped from roughly 16.96 million to about 848,100 shares.
Shareholders didn’t need to take any action. Those holding shares electronically saw automatic adjustments. Investors using brokers or other nominees also received automatic position updates.
The company rounded up any fractional shares to whole shares. Proportional ownership percentages remained unchanged for all investors.
TGL’s stock continued trading under the ticker symbol “TGL” on the Nasdaq Capital Market. The company received a new CUSIP number of 89458T403 following the split.
2026 Growth Projections Drive Interest
The stock jump comes after TGL announced plans for more than 500% revenue growth in 2026. The company pointed to several new business initiatives across its fintech operations.
TGL is developing the OXI Wallet platform as part of its digital payment strategy. The company also secured an exclusive partnership to manage 200 million UNIRWA real-world-asset tokens.
The firm recently acquired Quarters Elite, a Malaysian financial advisory business. Quarters Elite oversees approximately $150 million in assets.
Digital Payment Platform Expansion
Treasure Global operates the ZCITY Super App in Malaysia. The platform combines e-payment services with loyalty rewards for users.
The app had reached more than 2.7 million registered users as of June 2025. The company said these initiatives create a multi-layered ecosystem spanning digital payments, tokenization, and financial services.
The stock closed at $0.50 on the announcement day before Friday’s surge. Market capitalization stood at $8 million at that time.
The company cautioned that the reverse split alone doesn’t guarantee long-term Nasdaq compliance. TGL will need to maintain the higher price level to fully meet listing requirements.
Proportional adjustments were made to equity awards, warrants, and convertible notes. The company also adjusted share counts under its stock incentive plans and existing agreements.
The reverse split didn’t change the par value of common stock or the total number of authorized shares. Vstock Transfer, LLC served as the transfer agent handling the split mechanics.
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