Treasure Global raises $2.5 million through direct offering
Treasure Global Inc. saw a significant price increase of 16.58%, crossing above its 5-day SMA, amid positive market conditions with the Nasdaq-100 up 1.26% and the S&P 500 up 0.80%.
This surge is attributed to the company's successful completion of a direct offering of 250,000 shares, raising $2.5 million. This financing will support the growth initiatives of Treasure Global, particularly in enhancing its ZCITY Super App, which has gained over 2.7 million registered users. The offering reflects the company's commitment to transparency and compliance in capital markets, boosting investor confidence.
The implications of this financing are significant, as it positions Treasure Global to further expand its market presence in Malaysia's digital economy and strengthen its competitive edge in e-commerce and fintech through technological innovations.
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