litigation
confidence high
sentiment negative
materiality 0.85
Triller Group served with $35.5M lawsuit; YA II PN alleges default on convertible note
Triller Group Inc.
- Served with summons and motion for summary judgment in NY Supreme Court for $35,546,302.19 plus accruing default interest.
- Plaintiff YA II PN alleges default on Amended and Restated Secured Convertible Promissory Note dated June 28, 2024.
- Other agreements cited: SEPA, guaranties, pledge agreements, and registration rights agreement from same date.
- Company states it intends to defend vigorously and cannot predict outcome.
- Default interest continues to accrue; lawsuit includes pre-judgment interest, costs, and legal fees.