Trillerverz, an AI-powered platform for creators, plans to pursue a filing with the SEC for a direct listing and initial public offering.
Pending regulatory and Nasdaq approval, Triller is expected to be listed under the new ticker symbol ILLR by September, subject to market conditions.
“The current market demands clear and disciplined thinking. After much deliberation, Triller has determined that the best course of action is a direct listing for Triller,” said Mahi de Silva, Triller’s CEO. “A Triller IPO is a cleaner transaction, allowing us greater control of our destiny. Today’s news is a clear commitment to our effort to build the world’s best platform for creators; artists, influencers, athletes, thought-leaders, and brands. The Triller IPO will be the largest creator IPO in history.”
Triller is responding to higher than expected demand for its convertible debt offering and a clear preference to go public via a direct listing from its current and future shareholders.
The news release did not provide an estimate of how many shares would be offered. Read more.
