- Shares trade at a large discount to the value assigned in the recent Triller merger agreement.
- Discussing recent registration statement on Form S-4. Triller management's financial projections appear aggressive.
- Closing of a recent $100 million equity financing has been delayed twice already.
- Triller likely to face difficulties to close on the contemplated issuance of $250 million in convertible notes at an agreed 20% discount to the $5 billion valuation assigned to the company in the merger agreement.
- This is not a done deal particularly given the current weakness in social media and video streaming stocks. Investors would be well-served to watch this story unfold from the sidelines.
For further details see:
SeaChange: Market Participants Do Not Buy Triller's Aggressive Financial Projections