AGBA Group Holding Limited (AGBA) shares are on the rise after the company announced the finalization of its merger with Triller Corp. The merger is expected to be completed on October 14th, subject to Nasdaq approval, and will include a 4-to-1 reverse stock split of AGBA shares. The combined company will leverage both businesses’ strengths in the digital economy.
Triller, the social media platform known for its ownership of BKFC, has completed a merger with AGBA, a Hong Kong-based finance company. The combined entity, AGBA Group Holding, is now publicly traded on NASDAQ, resulting in a significant boost in Triller’s stock price. The merger values the combined company at $4 billion, with Triller shareholders owning 80% and AGBA shareholders owning 20%. The move allows Triller to finally go public, a goal it has been pursuing for some time.
