Triller Group deconsolidates BKFC from Oct 15, 2024 acquisition date due to loss of control

Triller Group Inc.

Audit Committee deconsolidated BKFC from Oct 15, 2024 acquisition date due to loss of control.
Company no longer has power to direct activities impacting BKFC's economic performance.
Investment in BKFC now accounted at cost under ASC 321 instead of consolidation.
Deconsolidation may require restatement of financial statements since acquisition date.
BKFC is a bare-knuckle boxing promotion; Triller held majority equity but lost control.

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