Streetbeat News

AGBA

AGBA Acquisition Limited

https://www.agba.com

Industry

Shell Companies

AGBA Acquisition Limited does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the healthcare, education, entertainment, and financial services sectors in China. The company was incorporated in 2018 and is based in Tsim Sha Tsui, Hong Kong.

Open

1.22

Mkt cap

66M

Volume

4.1M

High

1.49

P/E Ratio

-1.04

52-wk high

8.86

Low

1.15

Div yield

N/A

52-wk low

0.66

AGBA Group Holding Ltd (NASDAQ:AGBA) shares surged after detailing plans for its merger with Triller, focusing on scaling, monetization, and strategic acquisitions. The merger values the combined company at $4 billion, with Triller becoming a wholly-owned subsidiary. AGBA's stock rose 20.43% to $2.83, with trading volume significantly above its 100-day average.

Portfolio Pulse from Erica Kollmann

April 30, 2024 | 8:10 pm

H&E Equipment Services, Inc. (HEES) shares fell by 18.2% following mixed Q1 results, missing EPS estimates but beating sales expectations. Other stocks experienced significant movements, with notable gainers including Akili, Inc. (AKLI) and losers like Lichen China Limited (LICN). Various companies reported financial results, strategic partnerships, and other business updates affecting their stock prices.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 5:24 pm

The Nasdaq Composite fell over 100 points amid lower U.S. stock trading, with Coca-Cola Company reporting better-than-expected Q1 results. Health care shares slightly rose, while energy shares dropped significantly. Akili, AGBA Group Holding, and Global Mofy Metaverse saw their stocks surge on positive developments, whereas Chegg, Vince Holding, and Medifast experienced significant declines following their financial results.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 4:34 pm

U.S. stocks traded lower, with the Dow Jones falling over 200 points. McDonald's reported mixed Q1 results, missing EPS estimates but beating sales forecasts. Akili, AGBA Group, and Global Mofy Metaverse saw significant stock increases, while Lichen China, Vince Holding, and Medifast experienced notable declines. Oil prices rose slightly, while gold and silver fell. European and Asian markets showed mixed results, with various economic indicators reported.

Portfolio Pulse from Avi Kapoor

April 30, 2024 | 2:17 pm

AGBA Group Holding Limited's stock price has increased following the announcement of its plans to proceed with the previously-announced merger with Triller.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:23 pm

AGBA Group Holding Limited (AGBA) announced a definitive merger agreement with Triller Corp., aiming to become a global powerhouse in digital media and financial services. The merger, set for April 16, 2024, combines AGBA's fintech expertise with Triller's AI-driven social video platform, focusing on scaling up, developing monetization capabilities, and executing strategic acquisitions. The combined entity plans to leverage opportunities in a favorable market, with expectations of exponential growth in 2024 and 2025.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:18 pm

AGBA Group Holding's (NYSE:AGBA) short interest has increased by 200%, with 97 thousand shares sold short, representing 0.54% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 5.52%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 7:00 pm

AGBA Group's shares are experiencing an increase in value due to sustained upward momentum following the announcement of a definitive merger agreement with Triller on Friday.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 1:24 pm

Hibbett, Inc. (NASDAQ:HIBB) shares surged 18.4% in pre-market trading after announcing its acquisition by JD Sports Fashion for $87.50 per share, valuing the deal at $1.1 billion. Other stocks showed significant movement in pre-market trading, with notable gainers including Pineapple Energy Inc., ImmunityBio, Inc., and Nuwellis, Inc., among others, due to various positive developments. Conversely, stocks like Abeona Therapeutics Inc., Greenwave Technology Solutions, Inc., and T2 Biosystems, Inc. experienced notable declines due to negative news or financial results.

Portfolio Pulse from Avi Kapoor

April 23, 2024 | 12:00 pm

AGBA Group Holding Limited (NASDAQ:AGBA) shares are experiencing an upward trend following the announcement of a definitive merger agreement with Triller Corp., valuing the combined company at approximately $4 billion. Post-merger, Triller will become a wholly-owned subsidiary of Agba, with Agba stockholders owning 20% and Triller stockholders owning 80% of the combined entity. The merger has received majority shareholder support and approval from both companies' boards. Agba's stock is trading higher with significant volume, indicating strong investor interest.

Portfolio Pulse from Erica Kollmann

April 22, 2024 | 7:54 pm

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