Following the merger between AGBA and Triller, a lock-up period of 165 days (March 28,2025) will apply to most of the newly issued shares. Specifically, 297,686,312 shares of AGBA Delaware Parent Common Stock, allocated to Triller stakeholders, will be subject to this restriction. During this period, these shares cannot be sold, helping to stabilize the stock price and prevent excessive volatility right after the merger’s completion.
This lock-up agreement ensures that early investors and insiders do not immediately sell their holdings, which could negatively impact the market valuation. Such restrictions are common in mergers and public offerings to build investor confidence during the initial trading phases post-merger.
Lnova :
Lnova : Will people not be able to sell their shares until March next year if they buy shares now?
Jaguar8 OP Lnova : Following the merger between AGBA and Triller, retail shareholders of AGBA will be able to sell their shares once the merger is complete and the shares begin trading under the new ticker symbol ILLR on Nasdaq, expected around October 15, 2024- this Tuesday . However, a 4-to-1 reverse stock split will occur to ensure compliance with Nasdaq’s minimum bid price requirements.
Notably, insiders and certain shareholders associated with Triller will have their shares subject to a 165-day lock-up period, but this restriction does not generally apply to ordinary retail shareholders of AGBA. Therefore, as a retail shareholder, you will be able to sell your shares freely once trading resumes, subject to market conditions
Lnova Jaguar8 OP : thanks![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)