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$AGBA NEWS OUT: AGBA Stands Firm: The AGBA-Triller Merger is Value-Enhancing to All Stakeholders
April 25, 2024 16:15 ET
| Source: AGBA Group Holding Ltd
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 and HS press releases are frivolous and totally without merit, and if BS or HS initiates any legal claims based on the allegations in their press releases, AGBA will vigorously defend itself to the fullest extent permitted by law, and will seek any and all legally available remedies against such claimants as well as reimbursement of AGBA’s legal fees incurred in defending itself against these meritless claims.
AGBA believes that the proposed merger with Triller Corp will create significant value for all shareholders. Given the rapidly changing landscape in the social media industry, AGBA is confident that Triller is well-positioned to capitalize on the unprecedented opportunities. The proposed merger represents a unique combination of social media and content, as well as fintech and healthtech, leveraging the AI capabilities of the combined group.
About AGBA Group:
Established in 1993, AGBA Group Holding Limited (NASDAQ: “AGBA”) is a leading one-stop financial supermarket based in Hong Kong offering the broadest set of financial services and healthcare products in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business.
For more information about AGBA, please visit www.agba.com
Investor Relations and Media Contact:
Ms. Bethany Lai
media@agba.com/ ir@agba.com
+852 5529 4500
Social Media Channels:
agbagroup
LinkedIn | X | Instagram | Facebook | YouTube
Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.
How do you know he isn’t buying shares now?
So, I take it you or your friend works at the IR firm?
Great consolidation day on a down market day
Hey man pipe it down stop being a poop and scooper
IT just makes sense... This last announcement is to big to just cover in 1 PR.. AGBA Holdings was just mentioned on Fox Biz in the lead in with the Triller CEO.. are you kidding.
And you lost your ass on that one also
Inside information again or outside speculation?
The merge isn't until end of May you bashing POS fck. I remember you from years ago constantly bashing. Any of your other ones you crawled out from under your rock get 20% of a $4 billion dollar evaluation idiot? Pull your head out. It's so far stuck up there that'll probably never happen.
-OUT-
$AGBA~ imo we see new press shortly.. eom
For sure intentional, so annoying
It's intentional. Buy volume not strong enough to overcome it.
Once again Incorrect and Noted
Have you ever had a speculatice stock have its CEO go on TV and the price not get crushed?
This stock needs news of someone making a sizeable investment at $10/share valuation.
Nice. I added some during the interview as I got too excited
Looks like we'll hold near $2.30. I expect a green day tomorrow
It is not that bad as I thought it would be today it has some good strength just one slow bad day or a few don’t mean anything.
Added on the dip at 2.23, 2.27.
I don’t understand. Algos set up to sell the news regardless? Great interview and PRESS
Working hard to close this red looks like.
Sell the news? Boy, I would not want to not own this stock
Watched. Phenomenal. This is a $50 stock in a year
They were mentioned on Fox Business just now AGBA moving
Oh great background 300 mm users!
Just remember that they have billionaires that own this stock.
If he speaks and talks about the huge merger, this stock can hit $4 in after hours trading.
There is a lot of money to be made here.
Triller is anxious to access capital markets.
Merger will come fast.
$AGBA ~BTriller ~~~~Tick Tock Tick Tock..eom
Agreed. If all works out for us, we should all have a lot of free shares by $10. Hold and wait for the first short squeeze and then cash out the freebies!
$AGBA~ CEO of Triller on FOX Business in just a few mins. eom
Def gonna hold for a long long time till that happens and probably after the merge too
Folks something to remember:
This will most likely hit $10 before the merger.
$10.75 is pretty much guaranteed on the day of the merger.
I stopped buying the dips as it happens so often. It is a full time job trying to hit them all
I think you are Spot On! Could see $12-15.. $10 good…
$40 long term possible…
Any dips will be vigorously bought. We're looking really good.
Just added another thousand shares! We just hit new high of day
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OUR NASDAQ PAGE
OVER 20+ years in experience
MORE THAN 400,000+
Trusted customers
GREATER THAN 2000+
Financial advisors
GROWING AT 2600+
Workforce
OUR UNRIVALLED VALUE PROPOSITION
Leading integrated
Health & Wealth Platform
Financially Sound
1000+
Financial Products
800+ | 400+
Doctors | Specialists
800+
Clinics
24/7
Customer Service
Source: AGBA Group Holding Ltd
AGBA | 18 Apr 2024
AGBA | 04 Oct 2023
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