Triller completes substantial pre-public financing

KUALA LUMPUR, Aug 30 (Bernama) -- Triller, the artificial intelligence (AI)-powered open garden technology platform for creators, has completed substantial pre-public financing in the form of debt and equity.

This announcement comes on the heels of filing its S-1 with the SEC, the document a company files prior to a public listing, where the company has reserved the ticker symbol “ILLR” with the Nasdaq stock exchange.

Participants in the round include Total Formation Co, an affiliate of Fubon Financial, one of the largest financial institutions in Asia.

Other investors included Falcon Capital and Clearvue Partners, among others.

“This was an important step for Triller to be properly funded entering the Public Markets,” chief executive officer and chairman of Triller Mahi de Silva in a statement.

“We are very pleased to have such strong market leaders as investors and look forward to bringing Triller to the world via a Nasdaq listing.

“If the capital markets continue to be stable, we are targeting an early Q4 public listing,” he said.

Meanwhile, Triller said it has concluded the acquisition of Bare Knuckle Fight Championship (BKFC).

“This acquisition is a game-changer for Triller, as it accrues numerous synergies across our entire platform and allows us to supercharge BKFC even further,” de Silva said.

The announcement comes in the wake of BKFC’s most successful, largest event to date, held on August 22 at Wembley Arena in London.

-- BERNAMA