AGBA enters $6.2M private placement at $0.70/share, a premium to market

Triller Group Inc.

Gross proceeds of ~$6.24M from sale of 8.9M ordinary shares and warrants.
Warrants exercisable at $1.00/share (5-year term, 6-month lockout).
Investors include institutional buyer, Group President Wing-Fai Ng, and management team.
Funds to fuel expansion, accelerate profitability, and pursue strategic acquisitions.
Placement price of $0.70 represents a substantial premium to current market price.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Triller Group Inc. entered into TS with an institutional investor, Mr. Wing-Fai Ng and the Company’s management team, (collectively the “Purchasers”) valued at approximately $6,242,850 (effective 2023-11-07).

Action: entry
Agreement: equity purchase
Counterparty: an institutional investor, Mr. Wing-Fai Ng and the Company’s management team, (collectively the “Purchasers”)
Value: approximately $6,242,850
Effective: 2023-11-07

Exact text from the filing

On November 7, 2023, AGBA Group Holding Limited (the “Company”) entered into term sheets (the “TS”) with an institutional investor, Mr. Wing-Fai Ng and the Company’s management team, (collectively the “Purchasers”) for a private placement offering (the “Private Placement”), pursuant to which the Company will receive gross proceeds of approximately $6,242,850

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Triller Group Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-084812

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