AGBA Completes Merger With Triller
NEW YORK, NY / LOS ANGELES, CA, Oct. 15, 2024 (GLOBE NEWSWIRE) — AGBA Group Holding Limited (Nasdaq: AGBA) (“AGBA”) today announced the completion of its previously announced merger (the “Merger”) with Triller Corp. (“Triller”).
In connection with the Merger, AGBA has changed its name to Triller Group Inc. (the “Company”). The combined company’s common stock and warrants are expected to begin trading under the tickers “ILLR” and “ILLRW,” respectively, on Nasdaq Capital Market on October 16, 2024.
“This merger is terrific news for both the users and the content creators on our app. Whether they are fans of BKFC, or they watch sports and entertainment events around the world on TrillerTV, or are using our brand and creator tools to find their audience, they now have in Triller an innovative, exciting partner.” said Bob Diamond, Chairman of the combined company and Founder and CEO of Atlas Merchant Capital LLC.
Leadership
The Company will make a statement on future leadership, strategy and objectives on Tuesday, October 22, 2024.
Domestication to Delaware
Concurrent with the closing of the Merger, AGBA changed its jurisdiction of incorporation from the British Virgin Islands to the State of Delaware, and changed its corporate name to “Triller Group Inc.”
Financial Terms
Following the completion of the Merger, former AGBA shareholders and former Triller stockholders own 30% and 70% of the combined company’s outstanding common stock, respectively.
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