secwatch.observer — SEC 8-K summary
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Issuer:     Triller Group Inc. (ILLR)
CIK:        0001769624
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001213900-24-038566
Event type: debt
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AGBA Group and Triller Corp. Enter Amended Standby Equity Purchase Agreement with Yorkville for Up to $500M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769624/000121390024038566/0001213900-24-038566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769624/000121390024038566/ea0204881-8k_agba.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-038566

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