Triller Group Acquires Strategic SpaceX Treasury Position

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Triller Group to Acquire Strategic SpaceX Position

Los Angeles, USA. Triller Group Inc. (Nasdaq: ILLR; ILLRW) announced that it has entered into definitive agreements to acquire a significant economic exposure to SpaceX (Nasdaq: SPCX). This position is intended to serve as a strategic treasury asset on the company's balance sheet.

The company is acquiring this exposure through an established fund structure via a wholly-owned special-purpose subsidiary. The financing for this transaction is secured by the underlying SpaceX position itself. Triller noted that the investment was secured at a discount to current market value, ahead of a potential SpaceX public listing.

    Transaction Details

  • Triller Group is utilizing a secured financing arrangement to hold the position on its balance sheet.
  • The company will retain a portion of this position as treasury for shareholder benefit.
  • This move makes Triller one of the few Nasdaq-listed companies with disclosed, direct balance-sheet exposure to SpaceX.

Wing-Fai Ng, Group Chief Executive Officer, described the move as a transformational step for the company, stating that it places a high-value asset at the heart of their balance sheet. The transaction is expected to close in the coming days, subject to customary conditions.

About Triller Group Inc.

Triller Group Inc. is a technology powerhouse with a portfolio of high-growth businesses poised to break through in the Creator Economy. Triller App is the most creator focused social platform offering discovery, monetization, and ownership. Supported by Triller Platform, it serves as a cutting-edge social media platform designed for creators, offering innovative tools for content creation, marketing, and brand partnerships. It enables creators to connect with fans, monetize their work, and build meaningful relationships with brands. Bare Knuckle Fighting Championship (BKFC) stages live and streaming combat sports events that are rapidly gaining popularity with fans globally. With a focus on exciting matchups and high-energy performances, BKFC has established itself as the fastest-growing combat league in the industry. TrillerTV is Triller Group's premier live streaming platform, showcasing a diverse array of in-house and third-party sports and entertainment content. With its robust infrastructure, TrillerTV is committed to delivering high-quality live events that captivate audiences and drive subscriber growth. Additionally, AGBA serves as a one-stop financial supermarket, providing independent distribution of a wide range of financial products and services. By connecting consumers with essential financial solutions, AGBA enhances Triller Group's ecosystem, making it easier for users to access the tools they need for financial success. Together, these diverse businesses form a unique and integrated ecosystem that positions Triller Group at the forefront of innovation in social media, live entertainment, combat sports, and financial services. For more information about our businesses, visit www.trillercorp.com and www.agba.com.

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