debt
confidence high
sentiment neutral
materiality 0.90
AGBA Group and Triller Corp. Enter Amended Standby Equity Purchase Agreement with Yorkville for Up to $500M
Triller Group Inc.
- Agreement allows AGBA (post-merger) to sell up to $500M of ordinary shares to Yorkville under certain conditions.
- Yorkville will provide up to $8.51M prepaid advance via convertible promissory notes with 5% annual interest.
- Conversion price for notes is lower of 100% of VWAP pre-merger or 92.5% of lowest daily VWAP during 10 days prior to conversion.
- A floor price for conversion is set at 20% of average VWAP pre-merger, subject to reduction by AGBA.
- Commitment fee of 0.35% of $500M paid in cash or shares; structuring fee of $25,000 paid by Triller.