The Company Confirms No Active Yorkville Equity Line, No New Yorkville Instruments, and No Undisclosed Yorkville Dilution Arrangement
To ensure that all stockholders and market participants receive the same information, the Company is providing the following update in accordance with its obligations under Regulation FD.
CURRENT STATUS OF THE YORKVILLE RELATIONSHIP
The Company confirms that it has no active standby equity purchase facility with Yorkville, is not drawing under any equity line, has no current Yorkville funding relationship, and has not entered into any new instruments or arrangements with Yorkville since those previously disclosed in its
As of
For clarity, the Company is not currently drawing under any Yorkville equity line, has not entered into any new Yorkville financing arrangement, and is not party to any undisclosed Yorkville agreement or arrangement that provides Yorkville with a right to receive additional shares of Company common stock. Any Yorkville-related securities rights or obligations are legacy matters already disclosed in the Company’s
BKFC COLLATERAL AND LITIGATION
As previously disclosed, Yorkville effected a foreclosure in
The Litigation is at an active stage. Yorkville’s initial motion for accelerated judgment was denied by the court in
Management believes that the value of the BKFC collateral already taken by Yorkville is a material factor in the overall exposure. The Company’s position on the contested claims, including the appropriate credit to be given for the collateral, will be pursued in the Litigation.
“This clarification reflects our broader commitment to transparency and to resolving legacy issues decisively,” added
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About Triller Group Inc.
Triller Group Inc. (Nasdaq: ILLR; ILLRW) is a technology and media company operating Triller App, a social media and live-streaming platform focused on music, sports, fashion and culture, together with AGBA Group, a Hong Kong-based financial-services and platform business with longstanding operations in wealth distribution, healthcare and related services across Asia.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding resumption of trading on Nasdaq, the Company's ability to maintain timely SEC periodic reporting and Nasdaq compliance, the effectiveness of its remediation measures, the anticipated benefits of resumed Nasdaq trading, and the timing of future corporate updates. These statements are based on Triller’s current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially, including risks relating to the effects of the period of trading suspension and resumption of trading on Nasdaq, market conditions, the Company’s ability to execute its monetization and operating plans, the availability of financing, the identification, negotiation or completion of any acquisitions or other strategic transactions, compliance with listing standards and reporting requirements, legal or regulatory proceedings, and the other risks described in Triller’s SEC filings. The words “believe,” “estimate,” “anticipate,” “project,” “intend,” “expect,” “plan,” “outlook,” “scheduled,” “forecast” and similar expressions are intended to identify forward-looking statements.
The forward-looking statements contained in this press release speak only as of the date of its issuance. Except where required by applicable law, the Company expressly disclaims a duty to provide updates to forward-looking statements after the date of this press release to reflect subsequent events, changed circumstances, changes in expectations, or the estimates and assumptions associated with them. The forward-looking statements in this press release are intended to be subject to the safe harbor protection provided by the federal securities laws.
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Contact:
Bethany Lai, Investor Relations and Communications
Source: Triller Group Inc.
