AGBA TAKES FINAL STEP TOWARD COMPLETION OF TRILLER MERGER
October 14 2024 - 12:01PM
AGBA Group Holding Limited (Nasdaq: AGBA) (“AGBA” or the
“Company”) and Triller Corp. (“Triller”) today announced that
Nasdaq approval for their merger was received on October 11, 2024.
The merger is now expected to be completed on October 15, 2024.
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.
The 1-for-4 reverse stock split is implemented
in order to remain in compliance with Nasdaq’s rules in connection
with the merger with Triller Corp. (“Triller”). The combined
company’s shares will commence trading on a split-adjusted basis on
October 16, 2024.
About AGBA
Established in 1993, AGBA Group Holding Limited (Nasdaq: “AGBA”)
is a leading, multi-channel business platform that incorporates
cutting edge machine-learning and offers a broad set of financial
services and healthcare products to consumers through a tech-led
ecosystem, enabling clients to unlock the choices that best suit
their needs. Trusted by over 400,000 individual and corporate
customers, the Group is organized into four market-leading
businesses: Platform Business, Distribution Business, Healthcare
Business, and Fintech Business.
For more information, please visit
www.agba.com.
About Triller
Corp. Triller Corp. is a
next generation, AI-powered, social media and live-streaming event
platform for creators. Pairing music culture with sports, fashion,
entertainment, and influencers through a 360-degree view of content
and technology, Triller Corp. uses proprietary AI technology to
push and track content virally to affiliated and non-affiliated
sites and networks, enabling them to reach millions of additional
users. Triller Corp. additionally owns Triller Sports, Bare-Knuckle
Fighting Championship (BKFC); Amplify.ai, a leading
machine-learning, AI platform; and TrillerTV, a premier global PPV,
AVOD, and SVOD streaming service.
For more information, visit www.triller.co.
Investor
Relations: Bethany
Laiir@agba.com
Safe Harbor StatementThis press
release contains forward-looking statements as defined by the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying
assumptions and other statements that are other than statements of
historical facts. When the Company uses words such as “may,”
“will,” “intend,” “should,” “believe,” “expect,” “anticipate,”
“project,” “estimate” or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements. Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that may cause the
actual results to differ materially from the Company’s expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the closing of the merger; the expected date of the
merger; the market effective date of the Company’s actions; the
Company’s goals and strategies; the Company’s future business
development; product and service demand and acceptance; changes in
technology; economic conditions; the outcome of any legal
proceedings that may be instituted against us following the
consummation of the business combination; expectations regarding
its strategies and future financial performance, including its
future business plans or objectives, prospective performance and
opportunities and competitors, revenues, products, pricing,
operating expenses, market trends, liquidity, cash flows and uses
of cash, capital expenditures, and its ability to invest in growth
initiatives and pursue acquisition opportunities; reputation and
brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions in Hong Kong and the international markets the Company
plans to serve and assumptions underlying or related to any of the
foregoing and other risks contained in reports filed by the Company
with the SEC, the length and severity of the recent coronavirus
outbreak, including its impacts across its business and operations.
For these reasons, among others, investors are cautioned not to
place undue reliance upon any forward-looking statements in this
press release. Additional factors are discussed in the Company’s
filings with the SEC, which are available for review at
www.sec.gov. The Company undertakes no obligation to publicly
revise these forward–looking statements to reflect events or
circumstances that arise after the date hereof.
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