Triller Group Inc. Faces Nasdaq Compliance Notification
Triller Group Inc. Faces Nasdaq Compliance Notification
Palm Beach, FL — Triller Group Inc. (“Triller” or “the Company”) has announced receiving a notification from Nasdaq regarding its compliance with listing rules. The notification was prompted by the Company’s failure to timely file its Annual Report on Form 10-K for the year ending December 31, 2024.
This notification relates to the Nasdaq Listing Rule 5250(c)(1) which mandates that all listed companies submit their periodic financial reports to the Securities and Exchange Commission (SEC) in a timely manner. The Company is currently addressing this requirement and is committed to ensuring compliance.
While the notice does not immediately affect the listing status of Triller’s securities on Nasdaq, failing to regain compliance could lead to potential delisting. The Company has a designated timeframe of 60 calendar days from the notification date to submit a compliance plan to Nasdaq.
If Nasdaq accepts the plan, Triller may have up to 180 calendar days to remedy the situation, giving them until the middle of October to complete the filing. Should Nasdaq reject their plan, Triller could appeal the decision to a Nasdaq Hearings Panel, allowing for further dialogue on their compliance status.
Triller's Strategy to Address Non-Compliance
The team at Triller is dedicated to completing the Form 10-K promptly and anticipates submitting it within the given 60-day period. This proactive step is crucial as it would negate the need for a formal compliance plan.
Understanding Triller Group Inc.
At its core, Triller Group Inc. stands as a technological leader with an impressive array of businesses positioned to thrive in the ever-evolving Creator Economy. One of its most notable platforms is the Triller App, recognized as the premier social platform geared towards creators, focusing on discovery, monetization, and maintaining ownership over their content.
The Triller Platform acts as a sophisticated social media outlet designed for creativity. It offers creators various innovative tools for content creation, effective marketing strategies, and collaboration with brands, facilitating deeper connections with their audience.
Expanding Horizons with Bare Knuckle Fighting Championship
Another exciting aspect of Triller Group’s offering is the Bare Knuckle Fighting Championship (BKFC). This rapidly ascending combat sports league has been thrilling fans worldwide with its extraordinary events and electrifying matchups. Aimed at delivering high-energy performances, BKFC stands out as one of the industry’s fast-growing leagues, capturing a significant market share and a loyal audience.
In addition to these ventures, Triller has also launched TrillerTV, its flagship live streaming platform that showcases a wealth of in-house and third-party sports and entertainment content. With a robust infrastructure, TrillerTV is committed to providing exceptional live events that attract audiences and promote subscriber growth.
Innovative Financial Solutions through AGBA
Complementing its suite of services, AGBA functions as a comprehensive financial marketplace, offering a broad spectrum of financial solutions and products. With a focus on connecting users to essential financial tools and services, AGBA enhances Triller Group’s ecosystem, facilitating easier access to financial success for individuals.
The integration of these diverse businesses creates a unique ecosystem that positions Triller Group Inc. strategically at the forefront of social media, live entertainment, combat sports, and financial services innovation.
Investor Relations and Contact Information
For further inquiries, Triller Group encourages interested parties to reach out through the provided contact channels:
Investor & Media Relations:
Bethany Lai
ir@triller.co
Breanne Fritcher
triller@wachsman.com
Frequently Asked Questions
What triggered the Nasdaq notification for Triller Group Inc.?
The notification was due to Triller's failure to timely file its Annual Report on Form 10-K for the year ending December 31, 2024.
How does this notification affect Triller’s stock status?
The notification does not immediately impact Triller’s status on Nasdaq, but failing to resolve the issue could lead to delisting.
What is the timeframe for Triller to regain compliance?
Triller has 60 calendar days to submit a compliance plan, with up to 180 days to fulfill filing obligations if accepted.
What is Triller’s main business focus?
Triller focuses on technology solutions within the Creator Economy, providing platforms for creators to monetize and share their content.
How can interested parties get more information about Triller Group?
Interested individuals can visit Triller's official website or contact their Investor Relations team for further details.
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