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Treasure Global, Inc. ( (TGL) ) has provided an announcement.
On August 18, 2024, Treasure Global Inc. amended its Bylaws to lower the quorum requirement for stockholder meetings from a majority to 33 1/3% of the voting power, allowing for more flexibility in conducting business. This change could impact the company’s governance by making it easier to achieve quorum and potentially facilitating quicker decision-making processes.
Spark’s Take on TGL Stock
According to Spark, TipRanks’ AI Analyst, TGL is a Neutral.
Treasure Global, Inc. is facing significant financial and technical challenges. The most impactful factors are the company’s weak financial performance characterized by declining revenue, persistent losses, and liquidity issues, alongside a bearish technical analysis outlook. The negative valuation metrics further exacerbate the risk profile of the stock.
To see Spark’s full report on TGL stock, click here.
More about Treasure Global, Inc.
Average Trading Volume: 1,235,115
Technical Sentiment Signal: Sell
Current Market Cap: $4.84M
For detailed information about TGL stock, go to TipRanks’ Stock Analysis page.