DWACU - AGBA Group: Triller Merger Creates Significant Speculative Upside If TikTok Gets Banned In The U.S.
2024-04-22 23:17:10 ET
Summary
- AGBA Group Holding Limited announced a merger deal with Triller.
- Triller is seen as an alternative to TikTok and saw a huge spike in popularity in 2020 when threats to ban TikTok in the United States gained steam.
- I expect Triller to regain its popularity as politicians in the U.S. are making noise to ban TikTok once again.
- Both AGBA and Triller have money-losing operations, so dilution will be a major risk that investors should consider before buying.
AGBA Group Holding Limited ( AGBA ) resurrected from the penny stock graveyard as the company announced a merger with Triller. AGBA transformed from a $0.40 stock trading well less than a million shares a day to one that tripled to $1.25 while trading well over 100 million shares each on Thursday and Friday last week. Assuming the deal gets regulatory and shareholder approval, the transaction is set to close sometime in May. As part of the deal, AGBA will domesticate to the United States , ensuring that Triller remains an American app and company. This is important because Triller is an AI-fueled short form video platform that is an alternative or next-generation incarnation of TikTok. If TikTok gets banned in the United States, Triller will be ideally positioned to pick up those users. As I expect the banning of TikTok to be a long and drawn out process, AGBA is ideally positioned to benefit from the hype over the next several months until the ban is likely enacted....
AGBA Group: Triller Merger Creates Significant Speculative Upside If TikTok Gets Banned In The U.S.