Triller, which previous acquired FITE and re-branded it as TrillerTV, has been approved to merge with AGBA Group Holding Limited.
That means they are now officially public today and are currently trading on NASDAQ as ILLR. They are currently listed as $4.33 a share.
They had issued the following press release earlier this week:
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.
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