Triller Group Inc. Reports Financial Obligation Event

TL;DR

Triller's got a financial obligation trigger event, could mean more debt.

AI Summary

Triller Group Inc. filed an 8-K on November 26, 2024, reporting a triggering event that accelerates or increases a direct financial obligation. The company, formerly known as AGBA Group Holding Ltd. and AGBA Acquisition Ltd., is incorporated in Delaware and headquartered in Los Angeles, California.

Why It Matters

This filing indicates a potential acceleration or increase in Triller Group's financial obligations, which could impact its liquidity and financial stability.

Risk Assessment

Risk Level: medium — A triggering event for financial obligations can signal potential financial distress or increased debt burden for the company.

Key Players & Entities

• Triller Group Inc. (company) — Registrant
• AGBA Group Holding Ltd. (company) — Former company name
• AGBA Acquisition Ltd (company) — Former company name
• November 26, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of incorporation
• Los Angeles, California (location) — Business address

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common Stock, $0.001 par value ILLR NASDAQ Capital Marke
• $23.00 — uarter of one share of Common Stock for $23.00 per full share ILLRW NASDAQ Capital
• $35,546,302 — unty of New York for the payment of for $35,546,302.19, plus default interest that continue

Filing Documents

• ea0223427-8k_triller.htm (8-K) — 31KB
• 0001213900-24-105121.txt ( ) — 245KB
• illr-20241126.xsd (EX-101.SCH) — 4KB
• illr-20241126_def.xml (EX-101.DEF) — 26KB
• illr-20241126_lab.xml (EX-101.LAB) — 36KB
• illr-20241126_pre.xml (EX-101.PRE) — 25KB
• ea0223427-8k_triller_htm.xml (XML) — 6KB

04 Triggering Events That

Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement On November 26, 2024, Triller Group Inc. (the " Company "), Triller Corp., (" Triller Corp. "), a wholly-owned subsidiary of the Company, Triller Hold Co LLC, (" Triller Hold Co "), a Delaware limited liability company and a wholly-owned Subsidiary of the Company, and Convoy Global Holdings Limited, a Cayman Islands limited company, were served with a summon and a notice of motion for summary judgment in lieu of compliant filed by YA II PN, Ltd. (the " Plaintiff "), a Cayman Islands exempt limited partnership, in the Supreme Court of the State of New York County of New York for the payment of for $35,546,302.19, plus default interest that continues to accrue, pre-judgment interest, costs, legal fees, and expenses. The Plaintiff alleged that the defendants were in default of (i) that certain Amended and Restated Secured Convertible Promissory Note, Number AGBA-1, dated as of June 28, 2024, delivered by the Company to the Plaintiff (as amended, the " Note "), (ii) that certain Second Amended and Restated Standby Equity Purchase Agreement, dated as of June 28, 2024, by and among the Company, the Plaintiff and Triller Corp. (the " SEPA "), (iii) that certain Amended and Restated Guaranty Agreement, dated as of June 28, 2024, by and among Triller Corp., Triller Hold Co and the Plaintiff (the " Triller Guaranty "), (iv) that certain Amended and Restated Pledge Agreement, dated June 28, 2024, by and between Triller Hold Co and the Plaintiff (the " Triller Pledge Agreement "), (v) that certain Guaranty Agreement, dated as of June 28, 2024, by and between Convoy Global Holdings Limited, and the Plaintiff, (vi) that certain Pledge Agreement, dated as of June 28, 2024, by and between the Company and the Plaintiff (the " Company Guaranty "), and (vii) that certain Amended and Restated Registration Rights Agreement, dated as of June 28,

View Full Filing

View this 8-K filing on SEC EDGAR