Treasure Global, Inc. (TGL) has released an update.
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Treasure Global Inc is at risk of being delisted from the Nasdaq as it failed to meet the minimum bid price requirement. The company has appealed this decision and is awaiting a hearing to present a compliance plan. While the appeal is pending, their stock will continue to trade under the ticker “TGL.” However, if the appeal fails and delisting occurs, it could negatively impact the stock’s liquidity and value, as well as the company’s ability to raise funds.
For further insights into TGL stock, check out TipRanks’ Stock Analysis page.