AGBA - Why Agba Group Stock Is Soaring Today | Benzinga
AGBA Group Holding Limited (NASDAQ:AGBA) shares are trading higher Thursday after the company announced it entered into a definitive merger agreement with Triller Corp.
The Details:
Agba said the transaction is expected to value the combined company at approximately $4 billion, and Triller will be a wholly-owned subsidiary of Agba upon completion of the merger.
Agba stockholders will own 20% of the combined company and Triller stockholders will own the remaining 80% of the combined company. Majority shareholder support already obtained from both Agma and Triller and the boards of both companies have approved the merger.
“With a rich history of setting records and making bold moves, we believe Triller is now on the brink of an exciting future. Its groundbreaking technology, coupled with an aggressive and strategic business model, positions it not just as a ...