AGBA sees completion of Triller merger on or about October 14

AGBA and Triller announced that all steps have been finalized to move towards the completion of their merger, which is anticipated to take place on or about October 14, 2024, subject to final Nasdaq approval. The companies said, “This merger represents the next step in AGBA and Triller’s collective strategic visions in the digital economy. The combination of AGBA and Triller will accelerate innovation, clear a path towards rapid growth and expand the combined company’s market presence globally, creating unparalleled value for all stakeholders of the company. Backed by a stable shareholder base of world-renowned investors, a distinguished board and a strong leadership team, there is a unique opportunity to grow and take to the next level an exciting range of businesses, such as Triller’s social media platform, which is poised for fast user growth, BKFC, the world’s fastest growing combat league, TrillerTV, which streams more than 3,000 live events annually to households across the globe, and a suite of innovative AI and SaaS tools that are already used by top creators and global brands across all major social media platforms.” The completion of the merger process will include a reverse AGBA stock split to remain in compliance with Nasdaq rules in connection with the merger. The reverse split is expected to take effect after the close of business on or about October 14, 2024. Subject to final Nasdaq approval of the merger, the Company anticipates that shares will begin trading on a split-adjusted basis under the new symbol ILLR on Nasdaq on or about October 15, 2024.