AGBA Acquisition Completes Merger, Adopts New Identity as Triller Group Inc.

Triller Group Inc., formerly known as AGBA Acquisition, has successfully concluded its merger with Triller Corp., marking a significant shift in its corporate structure. The merger, finalized on October 15, 2024, resulted in various transformative changes within the company, including a reverse share split, a change in jurisdiction of incorporation from the British Virgin Islands to Delaware, and a modification of its corporate name.

Following the completion of the merger, Triller Group acquired 100% of the outstanding capital stock of Triller, leading to the issuance of Triller Group Common Stock to Triller stockholders, the conversion of existing Triller restricted stock units into Triller Group RSUs, and the adjustment of Triller warrants, which were then reissued as Triller Group Replacement Warrants. These actions have restructured the ownership and equity positions within the company significantly.

Moreover, the company introduced the Triller Group Inc. 2024 Equity Incentive Plan to enhance employee, non-employee director, and consultant engagement by offering stock options, restricted stock, and other stock-based awards. The plan aligns incentives with the company’s strategic objectives and aims to foster loyalty and dedication among its key workforce.

With a focus on ensuring transparency and compliance, the Company detailed the merger process, changes in corporate governance, financial adjustments, and the filing of necessary documents with the Securities and Exchange Commission (SEC).

Triller Group Inc. also disclosed the appointment of Kevin McGurn as the Chief Executive Officer, effective November 18, 2024. McGurn, a seasoned professional with vast experience in the entertainment and media industries, is expected to bring valuable insights and leadership to the organization.

As part of its regulatory obligations, Triller Group Inc. issued various press releases to inform stakeholders about the Reverse Share Split, the completion of the Merger, and updates to its corporate structure and leadership team. These communications aim to maintain transparency and keep investors informed of key corporate developments.

Furthermore, Triller Group Inc. has made necessary filings and disclosures in adherence to regulatory requirements, including submitting financial statements, certificates, and bylaws as part of its ongoing commitment to regulatory compliance.

Significant regulatory events, such as the completion of the merger, adoption of the Incentive Plan, and adjustments to the company’s equity structures, underscore Triller Group Inc.’s commitment to strategic growth and corporate governance. The company’s proactive approach to compliance and transparency serves as a testament to its dedication to shareholder confidence and regulatory adherence.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read AGBA Acquisition’s 8K filing here.

About AGBA Acquisition

AGBA Acquisition Limited does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the healthcare, education, entertainment, and financial services sectors in China.