AGBA to merge with Triller in $4B deal; Triller stockholders to own 80% of combined company

Triller Group Inc.

Combined company valued at ~$4B; AGBA shareholders get 20%, Triller shareholders get 80%.
Merger consideration: 406,907,038 shares of Delaware Parent common stock issued to Triller holders.
Majority holders of AGBA (>75% voting power) and Triller stockholders approved the deal.
Closing subject to regulatory and AGBA shareholder approval; leadership: Bobby Sarnevesht (Triller CEO), Bob Diamond (Group Chairman), Wing-Fai Ng (Group CEO).
Triller is an AI-powered social video platform with 436M consumer accounts and 500M quarterly interactions.

item 1.01 item 7.01 item 9.01

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 Agreement and Plan of Merger with AGBA Group Holding Limited (effective 2024-04-16).

Action: entry
Agreement: merger
Counterparty: AGBA Group Holding Limited
Effective: 2024-04-16

Exact text from the filing

On April 16, 2024, AGBA Group Holding Limited, a British Virgin Islands business company (“ AGBA ” or “ Parent ”), entered into that certain Agreement and Plan of Merger (as may be amended, supplemented or otherwise modified from time to time, the “ Merger Agreement ”), by and between AGBA, its wholly owned subsidiary AGBA Social Inc. (“ Merger Sub ”), Triller Corp., a Delaware corporation (“ Triller ” or the “ Company ”) and Bobby Sarnevesht, solely as representative of the Triller stockholders.

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Triller Group Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-033943

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