Results for: Triller

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.

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.