AGBA - AGBA Group one of Nasdaq's top 10 best-performing stocks for 2024 further cements strategic partnership with Yorkville | Benzinga
LOS ANGELES, July 05, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited ("AGBA" or the "Company" or the "Group"), entered into an Amended and Restated Standby Equity Purchase Agreement ("A&R SEPA") with YA II PN, LTD, a Cayman Islands exempt limited partnership ("Yorkville"), and Triller.
This development marks another important milestone as the merger of AGBA and Triller enters its final phase of completion. It also further cements the strategic relationship between AGBA and Yorkville, a leading global investment fund providing growth and acquisition capital to public companies.
The revised arrangement is a vote of confidence and widens the range of financing and capital solutions available to AGBA as it works towards the successful completion of the merger with Triller and lays the foundation for the future growth of the combined company.
In another sign of investor confidence in the prospects of the Company, AGBA is proud to share that it has been listed by FORBES as one of the top 10 best-performing stocks in 2024 (through June 15 for assessing performance) traded on Nasdaq. This recognition is a testament to AGBA's commitment to delivering value to its shareholders and the strong outlook for continued success.
Mr. Wing-Fai Ng, Group President of AGBA Group Holding Limited stated, "Our strategic partnership with Yorkville gives us valuable flexibility and access to capital. The partnership aligns with our objectives of strategic capital raising and gradually increases the liquidity of our shares over time. We will continue to also explore other capital market opportunities and funding sources as we grow our business and expand our horizons. There are many more exciting developments ahead. Our team is getting close to releasing Triller's next-generation social media and entertainment ecosystem for creators and users, which will ...