Form 8-K - Current report
09 Août 2024 - 10:10PM
Edgar (US Regulatory)
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0001905956
0001905956
2024-08-09
2024-08-09
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
August 9, 2024
TREASURE GLOBAL INC
(Exact name of registrant as specified in its charter)
Delaware |
|
001-41476 |
|
36-4965082 |
(State or other jurisdiction
of Incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification Number) |
276 5th Avenue, Suite 704 #739
New York, New York |
|
10001 |
(Address of registrant’s principal executive
office) |
|
(Zip code) |
+6012 643 7688
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
☐ |
Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425) |
☐ |
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12) |
☐ |
Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ |
Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading symbol(s) |
|
Name of each exchange on
which registered |
Common Stock, par value $0.00001 per share |
|
TGL |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.02. Results of Operations and Financial
Condition.
Treasure Global Inc (the “Company”) anticipates
reporting preliminary pro forma revenue for the fiscal year ended June 30, 2024 of approximately $22.1 million. The Company expects a
preliminary pro forma loss from operations of approximately $5.6 million, representing a significant reduction of approximately $4.6 million
compared to the loss from operations reported in fiscal year 2023. In addition, the Company expects the preliminary pro forma net loss
attributable to stockholders to be approximately $6.2 million, representing a significant reduction of approximately $5.5 million compared
to the net loss attributable to stockholders reported in fiscal year 2023. This improvement is attributed to effective cost management
strategies and operational efficiencies implemented throughout the fiscal year 2024 and reflects ongoing efforts to improve financial
performance despite growth initiatives and integration costs.
These financial results are preliminary and subject
to completion of the audit for the fiscal year 2024. As such, these preliminary results may change and may not necessarily reflect the
results of any future period.
The Company intends to issue a press release that
contains the information contained in this Item 2.02 after the filing of this Current Report on Form 8-K.
The information in this report is being furnished
pursuant to Item 2.02 of Form 8-K. In accordance with General Instruction B.2. of Form 8-K, the information in this report shall not be
deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to
the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended,
except as may be expressly set forth by specific reference in such a filing.
Cautionary Note Regarding Forward-Looking Statements
This report, including Exhibit 99.1, contains
forward-looking statements within the meaning of federal securities laws. The Company’s actual results may differ from its expectations,
estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking
statements may be identified by words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,”
“should,” “believes,” “predicts,” “potential,” “continue” and similar expressions.
These forward-looking statements include, without limitation, the Company’s expectations with respect to its beliefs, plans, goals,
objectives, expectations, anticipations, assumptions, estimates, intentions and future performance. Forward-looking statements involve
significant known and unknown risks, uncertainties and other factors, which may cause their actual results, performance or achievements
to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements.
All statements other than statements of historical fact are statements that could be forward-looking statements. Most of these factors
are outside the Company’s control and are difficult to predict. The risks and uncertainties referred to above include, but are not
limited to, risks related to: (i) future economic and business conditions; (ii) the loss of any of our key vendors or reduction in or
user base; (iv) our inability to adequately protect our intellectual property; (v) our inability to manage growth; (vi) the effects of
competition; and (vii) such other factors as are set forth in the periodic reports filed by the Company with the Securities and Exchange
Commission (“SEC”), including but not limited to those described under the heading “Risk Factors” in its annual
reports on Form 10-K, quarterly reports on Form 10-Q and any other filings made with the SEC from time to time, which are available via
the SEC’s website at www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions
prove to be incorrect, actual results may vary materially from those indicated or anticipated by these forward-looking statements. Therefore,
you should not rely on any of these forward-looking statements.
The forward-looking statements included in this
report are made only as of the date of this report, and except as otherwise required by applicable securities law, the Company assumes
no obligation, nor does the Company intend to publicly update or revise any forward-looking statements to reflect subsequent events or
circumstances.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 9, 2024 |
TREASURE GLOBAL INC |
|
|
|
|
By: |
/s/ Carlson Thow |
|
Name: |
Carlson Thow |
|
Title: |
Chief Executive Officer |
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