Professional
Added to YB: 2024-07-12
Pitch date: 2024-07-11
AGBA [bearish]
AGBA Group Holding Limited
-11.57%
current return
Author Info
White Diamond Research is a small cap research firm (often short). Sign up for the newsletter.
Company Info
As of October 15, 2024, AGBA Group Holding Limited was acquired by Triller Corp. in reverse merger transaction.
Market Cap
$221.8M
Pitch Price
$5.02
Price Target
N/A
Dividend
N/A
EV/EBITDA
-9.29
P/E
-4.83
EV/Sales
8.72
Sector
Financial Services
Category
special_situation
The Agba Group/Triller Merger Is A Scam
AGBA & Triller merger unlikely: $4B valuation baseless, both near bankruptcy. Triller: $33.6M rev, $134M loss, $170M+ debt in 9mo 2023. No synergies, different sectors. Regulatory hurdles (HK-based AGBA). TikTok ban irrelevant. CEO fraud history. AGBA's Yorkville deal: predatory terms. Multiple lawsuits/settlements straining Triller. Likely scheme to boost stock, raise capital.
Read full article (12 min)