-+ 0.00%
-+ 0.00%
-+ 0.00%
Treasure Global Enters Into Three Subscription Agreements With Board Members, Raising ~$1.2M
Share
Listen to the news

Treasure Global Inc. (NASDAQ:TGL) ("Treasure Global" or the "Company"), a Southeast Asia–anchored technology company focused on AI-powered enterprise solutions and digital transformation, today announced that it has entered into three subscription agreements with members of its Board of Directors, raising approximately US$1.2 million.

The private placement involves Sam Teo, Executive Director cum Acting Chief Executive Officer; Pusparajan A/L Vadiveloo, Chief Financial Officer; and Chan Meng Chun, Executive Director, with each subscribing for approximately US$400,000 of common stock.

The participation of the Company’s executive directors reflects their strong conviction in Treasure Global’s long-term growth potential and strategic direction. The Company expects additional capital to strengthen its financial position and provide greater flexibility to advance its business development priorities and long-term growth initiatives.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending