AGBA, Triller Expect Merger To Close On October 14, 2024 Subject To Final Nasdaq Approval
Portfolio Pulse from Benzinga Newsdesk
AGBA and Triller are set to complete their merger on October 14, 2024, pending final Nasdaq approval. The merger will involve a reverse stock split for AGBA to comply with Nasdaq rules.
October 11, 2024 | 11:04 am
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AGBA is set to merge with Triller on October 14, 2024, subject to Nasdaq approval. A reverse stock split will be executed to comply with Nasdaq rules.
The merger with Triller and the reverse stock split are significant events for AGBA. The reverse split is necessary to comply with Nasdaq rules, which is crucial for maintaining its listing. The merger could potentially enhance AGBA's market position, leading to a positive short-term impact on its stock price.
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