It's unclear what a public offering would mean for Triller's business, or how much cash the company has on hand today. Many investors have been spooked by macroeconomic conditions, the report's authors wrote. A Triller spokesperson told Insider in January that it was waiting on the SEC to "declare effective" its confidential filing to go public.ĭemand for IPOs has dropped precipitously, according to a recent report from financial-services firm Ernst and Young. By June, it had switched to a new plan for a direct listing with the goal of a 2022 launch.Īnd yet, the company still hasn't had its stock-exchange debut. In December 2021, Triller announced it would instead pursue a reverse merger with the video-tech company Seachange International. It first considered going public via a special purpose acquisition company, or SPAC, Reuters reported in 2020. On its path to a public listing as "ILLR," Triller has bounced between different filing methods. The deck includes a breakdown describing Triller's approach to sports and the "Metaverz," a slide on "key KPIs" for its business, and a diagram of how each of its divisions support the "creator engine." Triller aspires to become the "undisputed leader in powering the creator economy" and a "multi-billion, global business with strong operating margins," according to the 24-page "investor presentation," which is dated September 2022. In a letter sent to Insider last week, Triller's lawyer said Insider is within its rights to "write an article discussing the contents of the alleged investor deck, provided you explicitly state you did not receive the alleged investor deck or contents thereof from Triller and cannot authenticate the alleged investor deck or contents thereof with Triller." We could not independently confirm whether this particular document was a draft version or had been used in pitches to investors. Insider discussed the investor presentation with two sources knowledgeable about Triller's business who said they were familiar with some of its contents. But a document entitled "Triller Investor Deck" dated late 2022, viewed by Insider, may offer new insights into how Triller has positioned its various businesses. The company's approach to pitching investors on its path to a Nasdaq listing has largely remained a mystery. Tech company Triller has been striving to go public for more than a year after founding or acquiring a variety of entertainment businesses centered on music, sports, video, and marketing.Īlong the way, it's announced new funding from investors including Total Formation Co, Falcon Capital, and Clearvue Partners. Triller told Insider it "cannot authenticate" the deck. Insider viewed an "investor deck" dated late 2022 that could shed light on how the company is positioning its business.Over the years, the company has moved beyond its short-video app into combat sports and rap battles.Triller has been trying to go public since 2021, first via a reverse merger, then a direct listing.You can create animated icons, banners, and vector graphics for web pages and social media sites.Account icon An icon in the shape of a person's head and shoulders. Keyshape is a vector graphics design software with animation capabilities.
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