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.
Extracted from this filing and checked against the source text.
Material AgreementsSEC 8-K Item 1.01/1.02confidence 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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