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Lucosky Brookman Represents EF Hutton in Successful Closure of Treasure Global Inc's $4 Million Public Offering

Congratulations to Treasure Global Inc (NASDAQ: TGL), the Company, for successfully closing its underwritten public offering. Lucosky Brookman is pleased to announce its role as legal counsel representing EF Hutton LLC ("EF Hutton"), the sole book running manager for the offering.

Treasure Global Inc completed the offering, which included 26,014,000 shares of common stock at a public offering price of $0.10 per share, along with 14,000,000 pre-funded warrants, each carrying the right to purchase one share of common stock at a public offering price of $0.0999 per Pre-Funded Warrant. The aggregate gross proceeds reached an impressive $4.0 million, showcasing the confidence and support from the investment community.

The underwriters have been granted a 45-day option to purchase up to an additional 6,002,100 shares of common stock at the public offering price per share and/or pre-funded warrants at the public offering price per Pre-Funded Warrant. This option allows flexibility to cover any over-allotments, further demonstrating the strong interest in Treasure Global Inc's prospects.

EF Hutton played a pivotal role as the sole book running manager for this offering. Their expertise and strategic guidance were instrumental in navigating the complexities of the transaction, contributing to the success of the closing.