Triller Acquires Stake In SpaceX
Triller Group is acquiring a significant position in SpaceX through a wholly-owned subsidiary, financed through a secured financing arrangement
The Company is acquiring the position — held through an established fund structure — through a wholly-owned special-purpose subsidiary, financed through a secured financing arrangement. The position was established well ahead of SpaceX’s public listing and is being acquired at a meaningful discount to its current market value. "This is a transformational step for our Company," said Wing-Fai Ng, Group Chief Executive Officer. "SpaceX is one of the most extraordinary companies of our generation, and we are securing meaningful exposure to it at a compelling entry point and placing it at the very heart of our balance sheet.
" The transaction establishes a dedicated SpaceX treasury position and positions Triller as one of the only Nasdaq-listed companies with disclosed, balance-sheet SpaceX exposure. The financing is secured by the underlying position, and the Company retains a portion of the position as treasury for the benefit of its shareholders. S. Securities and Exchange Commission ("SEC").