Key Timeline Confirmation
According to the latest announcement on May 21, the merger between NASDAQ-listed company AGBA Group and media platform Triller is progressing as planned. Triller formally notified shareholders on May 16 under Section 228 of the Delaware General Corporation Law(e), disclosing detailed terms of the merger. Earlier, on April 16, Triller shareholders approved the transaction via written consent, with over 63% voting in favor.
IPO Direct Listing Plan Put on Hold, Focus Fully on M&A
It is noteworthy that Triller had previously planned to go public through a direct listing. However, the company officially withdrew its S-1 registration statement filed with the U.S. Securities and Exchange Commission (SEC) on May 6. This move indicates that Triller has made a strategic adjustment,