LOS ANGELES, June 12, 2024 (GLOBE NEWSWIRE) --  NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company” or the “Group”), reports that on June 12, 2024, the company filed its preliminary proxy statement for its shareholder meeting to approve its $4,000,000,000 merger of AGBA and Triller Corp. This marks an important milestone in the progress of our combined team at Triller and AGBA as the merger enters the final phase of completion. Mr. Wing-Fai Ng, Group President of AGBA Group Holding Limited st ...

LOS ANGELES, June 12, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company” or the “Group”), reports that on June 12, 2024, the company filed its preliminary proxy statement for its shareholder meeting to approve its $4,000,000,000 merger of AGBA and Triller Corp. This marks an important milestone in the progress of our combined team at Triller and AGBA as the merger enters the final phase of completion. Mr. Wing-Fai Ng, Group President of AGBA Group Holding Limited sta ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38909 AGBA GROUP HOLDING LIMITED | --- | --- | |-------------------------------------------------------------------------------------- ...

LOS ANGELES, May 15, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited ("AGBA" or the "Company" or the "Group"), the leading one-stop financial supermarket in Hong Kong released its financial results for the first quarter of 2024.   AGBA is thrilled to unveil its expansion plans, including the planned acquisition of Triller in the U.S. and the completion of the acquisition of Sony Life in Singapore. The Company is in the acquisition process with Triller and eagerly anticipates a successful ...

LOS ANGELES, April 30, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited ("AGBA" or the "Company" or the "Group"), previously announced that on April 16, 2024, it entered into a definitive merger agreement (the "Merger Agreement") to combine AGBA with Triller Corp. ("Triller"), a leading Artificial Intelligence-driven social video platform (together, the "Merger" or the "Transaction"). Together, this merger represents the next step in AGBA and Triller's collective strategic visions in the d ...

LOS ANGELES, April 25, 2024 (GLOBE NEWSWIRE) -- AGBA Group Holding Limited (NASDAQ:AGBA) has become aware of a press release issued by Brodsky & Smith ("BS") on April 23, 2024 which claims that BS is conducting an "investigation" of AGBA in connection with its signing of a merger agreement with Triller Corp. that was announced on April 18, 2024. AGBA also has become aware of a similar press release issued by Halper Sadeh LLC ("HS") on April 22, 2024. AGBA wishes to emphasize that the statements in the BS an ...

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Merger Details and Valuation - AGBA Group Holding Limited (AGBA) announced a merger with Triller, transforming from a $0.40 stock to $1.25, with trading volume surging to over 100 million shares per day [1] - The merger is expected to close in May 2024, pending regulatory and shareholder approval, and will result in AGBA domesticating to the United States [1] - Triller will be issued 407 million shares of AGBA, including 313 million common shares, 35 million preferred shares, and 58 million restricted stock units [3] - AGBA claims a $4 billion valuation for the deal, implying a share price of $10.80, though this valuation is speculative and likely overstated [3] - Post-merger, AGBA is estimated to have approximately 509 million fully diluted shares outstanding, with Triller's valuation based on AGBA's $1.25 share price at $635 million [3] Triller's Background and Challenges - Triller gained prominence in 2020 after India banned TikTok, with its user base spiking from 1 million to 30 million [2] - The app saw a surge in downloads in the U.S. during the TikTok ban threat under the Trump administration, but growth has since flatlined [2] - Triller has faced controversies, including lawsuits over missed payments to artists and allegations of inflating active user numbers [2] - The company has struggled to go public, attempting SPACs, direct listings, and IPOs before settling on a reverse merger with AGBA [2] Financial Performance and Risks - Triller reported $45 million in revenue for 2023, a 16% decline from $53.5 million in 2022, while posting significant losses [4] - AGBA reported a $43 million loss on $54 million in revenue in 2023, with $18 million in cash and negative working capital of $12 million [4] - Triller's balance sheet as of September 2023 showed $6 million in current assets against $378 million in total debt and liabilities, with $359 million in intangible assets [4] - The combined entity will require significant financing, estimated at $200 million in cash and $200 million in debt-to-equity conversion, to remain solvent [4] Market Opportunity and Speculation - Triller is positioned as a potential alternative to TikTok, especially if TikTok is banned in the U.S., which could drive user growth [1][4] - TikTok generated $16.1 billion in revenue in 2023, with a 67% YoY increase, and ByteDance's $268 billion valuation implies a 17x revenue multiple [4] - Triller could benefit from political and speculative hype, particularly during the U.S. election cycle, as TikTok's ban remains a hot topic [5][6] - The company has the potential to become a "meme stock," with significant upside driven by speculation rather than fundamentals [6] Conclusion - The merger presents a high-risk, high-reward opportunity, with significant potential for speculative gains but substantial risks of dilution and financial instability [6] - Triller's future growth depends on its ability to capitalize on TikTok's potential ban and regain user and revenue momentum [6]

Transaction expected to value the combination of AGBA and Triller at approximately $4 billion.Majority shareholder support already obtained from both AGBA and Triller.At closing, Triller will be a wholly-owned subsidiary of AGBA.AGBA stockholders will own 20% of the combined company, while Triller stockholders will own the remaining 80% of the combined company. LOS ANGELES, April 18, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited ("AGBA" or "the Company" or "the Group") together with Tri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 British Virgin Islands N/A (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Title of each class Trading Symbol Name of each exchange on which registered Ordinary Shares, $0.001 par value AGBA The Nasdaq Stock Market LLC Warrants, each warrant exercisable for one-half of one Ordinary Share for $11.50 per full share AGBAW The Nasdaq Stock Market LLC Large accelerated filer ☐ Accelerated f ...