AGBA Group Holding Ltd (AGBA)

[MRc2]

$AGBA~ Triller will effectively be going public upon consummation of the merger … making a standalone direct listing unnecessary,” a spokesperson said.

Triller currently has about $378 million of total liabilities, including $172 million of long-term debt and $81 million of warrant liabilities. A spokesperson said a significant portion of the company’s long-term debt will be converted into equity and a cashless ‘net’ exercise warrant will take place, which will reduce Triller’s liabilities by $185 million. The remainder of Triller’s liabilities are reportedly related to day-to-day operations and will be assumed by the combined new company upon the merger’s closure.