Triller Corp. agreed to acquire AGBA Group Holding Limited (NasdaqCM:AGBA) from Tag Holdings Limited and other for $160 million in reverse merger transaction on April 16, 2024. At closing of the Business Combination, Triller will be a wholly-owned subsidiary of AGBA.

The pro forma valuation of the combined company will be $4 billion, with the stockholders of Triller and the holders of Triller?s RSUs owning 80% of the post-Merger Group, and AGBA shareholders owning 20% of the post-Merger Group. The leadership for the combined entity post-merger will include Bobby Sarnevesht as Triller CEO, Bob Diamond as Group Chairman, and Wing-Fai Ng as Group CEO. The boards of both AGBA and Triller have approved the proposed Business Combination.

The Closing is subject to regulatory and stockholder approvals and the satisfaction of other closing conditions. Loeb & Loeb LLP acted as legal advisor to AGBA Group Holding Limited (NasdaqCM:AGBA).