AGBA Group Holding Ltd (AGBA)

[Hercules1]

AGBA Stands Firm: The AGBA-Triller Merger is Value-Enhancing to All Stakeholders
4:15 pm ET April 25, 2024 (Globe Newswire) Print
GlobeNewswireApril 25, 2024
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.