Triller Group Inc 8-K, filed Jun 5, 2023
Triller Group Inc. (ILLR)
About this 8-K
Triller Group Inc filed this 8-K on June 5, 2023.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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CURRENT REPORT
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Item 7.01 Regulation FD Disclosure
On June 5, 2023, AGBA Group Holding Limited (“AGBA”) issued a press release regarding the management’s discussion on the potential factors driving the changes in price of AGBA Shares since November 2022. The aforementioned press release also includes a discussion as to AGBA’s historic share prices. A copy of the press release is furnished hereto as Exhibit 99.1 and incorporated by reference herein.
The information furnished under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the “Securities Act”) or the Exchange Act, except as otherwise expressly stated by specific reference in any such filing.
Forward-Looking Statements
This current report on Form 8-K, including the exhibit furnished herewith, contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the AGBA’s expectations discussed in the forward-looking statements. These forward-looking statements, by their nature, require AGBA to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements, including without limitation the successful and timely completion and the commercialization of the products referred to herein. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. These assumptions are considered to be reasonable based on currently available information, but investors are cautioned that these assumptions regarding future events, many of which are beyond its control, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect AGBA and its business. Investors are further are cautioned not to place undue reliance upon any forward-looking statements in this current report on Form 8-K. Additional factors are discussed in AGBA’s filings with the SEC, which are available for review at www.sec.gov. AGBA undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
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Websites
The information contained on, or that may be accessed through, the websites referenced in this current report on Form 8-K, including the exhibit furnished herewith, is not incorporated by reference into, and is not a part of, this document.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Press Release “AGBA Comments on its Share Price Performance Since Listing in November 2022” issued on June 5, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 5, 2023
| AGBA GROUP HOLDING LIMITED | ||
| By: | /s/ Shu Pei Huang, Desmond | |
| Shu Pei Huang, Desmond | ||
| Acting Group Chief Financial Officer | ||
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Exhibit 99.1
【For Immediate Release】
5 June 2023
AGBA Group (NASDAQ: ‘AGBA’) Comments on its Share Price Performance Since Listing in November 2022
HONG KONG - NASDAQ-listed, AGBA Group Holding Limited (“AGBA”), the leading one-stop financial supermarket in Hong Kong, today provided context for its share price performance since the de-SPAC transaction in November 2022, which has fallen short of AGBA’s expectations.
AGBA faced several technical challenges that have contributed to an underwhelming share price performance.
As an established decades-long market-leading distributor of financial products, AGBA is well-known in Hong Kong, but relatively new to international capital markets. We recognize that it requires time to demonstrate our value proposition and build trust with our international investors. Among the technical factors contributing to the disappointing share price performance before and after listing was the compressed time window of nine days to complete the de-SPAC transaction. It created a number of unusual and significant technical difficulities in the listing process that has since impacted our share price performance.
Going forward, AGBA is committed to engage with the international investment community and provide in-depth materials through an extensive investor relations program that allow investors to be informed and up-to-date on the Group’s performance and outlook. AGBA remains committed to its long-term growth strategy and believes that it has a solid foundation for future success.
The latest report is available on the company’s website, please visit www.agba.com/ir
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Safe Harbor Statement
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.
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About AGBA Group:
Established in 1993, AGBA Group Holding Limited (NASDAQ: “AGBA”) is a leading one-stop financial supermarket based in Hong Kong offering the broadest set of financial services and healthcare products in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. Trusted by over 400,000 individual and corporate customers, the Group is organized into four market-leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business.
For more information about AGBA, please visit www.agba.com
Media and Investor Relations Contact:
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Media: Kate Siu media@agba.com +852 3601 3699
Yuan Tung Financial Relations Limited Agnes Yiu ayiu@yuantung.com.hk +852 3428 5690
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Investor Relations: Bethany Lai ir@agba.com +852 5529 4500
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Social Media Channels: agbagroup LinkedIn | Twitter | Instagram | Facebook | YouTube
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