The company announced new fintech projects expected to bolster its growth outlook for 2026.
- The consolidation has decreased the number of outstanding shares to roughly 848,100 while maintaining the same ownership percentages.
- Initiatives like the OXI wallet and UNIRWA tokenization were noted as key factors for expansion in 2026.
- Users on Stocktwits have expressed a “very bullish” outlook, suggesting potential momentum after hours.
Treasure Global (TGL) experienced a nearly 200% surge on Friday following a 20-to-1 reverse stock split, which took effect at market open. This move was intended to increase the share price and meet Nasdaq’s minimum bid requirement of $1.
Reverse Stock Split Details
This split reduced Treasure Global’s outstanding shares from approximately 16.96 million to about 848,100.
The Malaysian tech company mentioned that fractional shares would be rounded up, ensuring no change in shareholders’ ownership percentages. However, the company warned that a reverse stock split doesn’t necessarily ensure long-term compliance with Nasdaq’s listing standards.
Fintech Initiatives to Drive Growth in 2026
TGL’s stock surge followed increased attention earlier in the week after the company projected over 500% revenue growth for 2026. They referenced several milestones within the fintech and digital asset sectors, such as the creation of the OXI wallet platform, an exclusive deal to manage 200 million UNIRWA real-world asset tokens, and the acquisition of Quarters Elite, a Malaysian financial advisory firm managing about $150 million in assets.
The company believes these initiatives will foster a comprehensive ecosystem involving digital payments, tokenization, and financial services, promoting significant growth over the coming year.
Treasure Global runs the ZCITY Super App, which integrates electronic payment solutions and loyalty rewards, boasting more than 2.7 million registered users across Malaysia as of June.
Stocktwits Community Reactions
Stocktwits reflected a “very bullish” sentiment for Treasure Global, coupled with “high” message activity.
One user remarked that after-hours trading would be “very interesting,” and suggested not to miss the opportunity next week, hinting it could reach “three digits” and encouraging others to “hold on.”
Another user mentioned, “in my opinion, it just needs to survive long enough to really thrive.”
Treasure Global’s stock price has plummeted 88% thus far in 2025.
