Bianor clarified the number of shares received from the merger agreement between Triller Hold and AGBA (NEUTRAL)
29.10.2024
Source: Bianor Holding; FFBH
Bianor Holding (BNR) revealed the response regarding the inquiry sent about the discrepancy between the calculated and received number of shares in Triller Group Inc. Bianor is eligible for 402 426 shares of Triller Group Inc. following the merger and the reverse stock split, of which BNR received 311 957 shares. According to the statement, the remaining 90 469 shares, along with the same proportion of shares of other former shareholders of Triller Corp., have been placed in an escrow account under the terms of the merger and acquisition agreement between AGBA Group Holding Limited and Triller Corp.
The shares in the escrow account will be used to potentially settle any liabilities, including legal claims and obligations, related to Triller Corp. that arose before the completion of the merger. Any remaining shares in the escrow account after six years from October 15, 2024, will be distributed proportionally to the former shareholders of Triller Corp.