What's Happening With AGBA Stock?

AGBA Group Holding Limited AGBA shares are trading higher Friday after the company announced that all steps have been finalized to move towards the completion of its merger with Triller Corp.

The Details:

The merger is expected to take place on Oct.14, subject to final Nasdaq approval, and will include a 4-to-1 reverse stock split of Agba shares. Agba said it anticipates that shares will begin trading on a split-adjusted basis under the new symbol ILLR on Nasdaq on Oct. 15, 2024.

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Triller is an AI-powered, social media and live-streaming event platform for creators which also owns Triller Sports Bare-Knuckle Fighting Championship (BKFC), Amplify.ai and FITE, a premier global PPV, AVOD, and SVOD streaming service. Agba said the merger will pursue both companies' strategic visions in the digital economy. 

How To Buy AGBA Stock:

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in AGBA Group Holding’s case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

AGBA Price Action: According to Benzinga Pro, Agba Group Holding shares are up 22.3% at $1.26 at the time of publication Friday.

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Image: Gerd Altmann from Pixabay