Results for: AGBA Group Holding Limited

AGBA Group Holding Limited (NASDAQ: AGBA) has merged with Triller, an AI-fueled short form video platform. The deal values Triller at approximately $635 million. AGBA had a $43 million loss on $54 million in revenue in 2023, while Triller had a $45 million revenue in 2023. The merger is expected to close in May pending regulatory and shareholder approval. The combined company is expected to benefit from the potential ban of TikTok in the United States. However, there are risks associated with the merger, including significant dilution and the need for additional financing.

AGBA Group Holding Limited (AGBA) shares continued their upward trajectory on Monday, fueled by the company’s recent announcement of a definitive merger agreement with Triller Corp. The deal values the combined company at approximately $4 billion and will see Triller become a wholly-owned subsidiary of AGBA. Agba stockholders will own 20% of the combined entity, while Triller stockholders will hold the remaining 80% stake.