Video sharing platform Triller withdrew its registration for a direct listing on the NYSE following its announcement of a $4 nillion merger with AGBA Group.
AGBA was formed via a merger of a SPAC with the same name and TAG Holdings in November 2022. Triller as recently as February had said it was pursuing a direct listing on the NYSE after calling off a $5 billion merger agreement with video-tech company SeaChange International.
AGBA annpounced yesterday that it has regained compliance with the Nasdaq’s minimum bid price requirement for a continued listing.
Founded in 2015, Triller’s short-form video platform competes with TikTok, which could be baaned in the United States within a year if it is not divested from China-based parent ByteDance. Read more.
