ILLR Remains Confident in Nasdaq Appeal and Imminent Filing Compliance
Rhea-AI Summary
Triller Group (Nasdaq: ILLR) received a Nasdaq Hearings Panel determination on December 26, 2025 confirming suspension of trading and delisting effective at market open on December 30, 2025 after the company missed a December 24, 2025 deadline to file two periodic reports.
Management attributes the filing delay to a remaining technical consolidation issue for a U.S. operation, says operations show no material deficiencies, and expects to regain full filing compliance within weeks. The company has retained counsel and filed an emergency SEC application on December 29, 2025 seeking a stay of the trading suspension while pursuing Nasdaq and appellate appeals.
Positive
- Operations reported as progressing in a normal manner
- Management expects to regain filing compliance within weeks
- Emergency SEC application filed on Dec 29, 2025 to seek a stay
- Retained counsel to pursue Nasdaq and appellate appeals
Negative
- Nasdaq suspended trading and delisted securities effective Dec 30, 2025
- Failed to file two periodic reports by the Dec 24, 2025 deadline
- Filing delay due to a technical consolidation issue for a U.S. operation
- Delisting and suspension may prevent regular trading on a major exchange
News Market Reaction
On the day this news was published, ILLRW declined 60.00%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
ILLR fell 40.47% while peers like RSSS and IDN were up 1.03% and 1.52%, and PSQH, DHX, LPSN moved between about -0.94% and -2.5%, indicating a company-specific reaction rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 09 | Nasdaq extension granted | Negative | +11.1% | Panel granted exception period and set strict filing and bid-price conditions. |
| Nov 21 | Additional delisting notice | Negative | +9.3% | Nasdaq issued extra delisting letter for another missed Form 10-Q. |
| Oct 20 | Initial delisting letter | Negative | +3.7% | Nasdaq delisting determination after failures to file 10-K and 10-Qs. |
| Aug 22 | Non-compliance notice | Negative | +2.1% | Nasdaq non-compliance notice for multiple missing 10-K and 10-Q filings. |
Negative Nasdaq compliance headlines have historically seen positive price reactions, making today’s sharp drop a departure from prior behavior.
Over the past few months, ILLR has repeatedly disclosed Nasdaq non-compliance and delisting risks tied to missed SEC filings. Notices on Aug 22, 2025, Oct 20, 2025, Nov 21, 2025, and an extension update on Dec 9, 2025 all related to delayed 2024 10-K and 2025 10-Q reports. Despite the negative regulatory tone, shares previously rose between 2.12% and 11.13% after these announcements. Today’s trading suspension and delisting decision represents an escalation of that ongoing compliance saga.
Market Pulse Summary
The stock dropped -60.0% in the session following this news. A negative reaction despite earlier rallies on compliance headlines fits a shift in market focus toward the concrete impact of suspension and delisting. Previous notices on Aug 22, Oct 20, Nov 21, and Dec 9 saw gains up to 11.13%, but those were tied to extensions and appeals. This announcement confirms halted Nasdaq trading, so investors may reassess risk around liquidity, listing status, and the timeline for restoring full filing compliance.
Key Terms
Nasdaq Stock Market regulatory
Securities and Exchange Commission regulatory
United States Court of Appeals regulatory
AI-generated analysis. Not financial advice.
Los Angeles , Dec. 30, 2025 (GLOBE NEWSWIRE) -- Triller Group Inc. (“Triller Group” or “the Company”) today announced that it received a determination letter from a Nasdaq Hearings Panel on December 26, 2025, confirming the suspension of trading on the Nasdaq Stock Market effective at the open of the market on December 30, 2025 and delisting of the Company’s securities. This decision stems from the Company not having been able to file two periodic reports by a deadline of December 24, 2025 set by the Hearings Panel.
The Company’s operations have been progressing in a normal manner, and no deficiencies or irregularities have been identified that materially affect the Company’s financial position or operational integrity. The filing delay is attributable primarily to one remaining technical matter involving the consolidation of accounts for a U.S.-based operation within Triller Group. Management is highly confident that the Company will regain full filing compliance within weeks, positioning the Company for robust revenue growth, product development, and expansion in 2026.
The imposed timeline does not account fully for the substantial remediation efforts that the Company has already achieved in resolving non-recurring integration challenges following the October 2024 business combination with legacy Triller Corp. The Company’s team, in collaboration with its advisors and auditors, has spent more than a year addressing all accounting and audit matters related to legacy Triller Group’s pre-merger operations. Prior to the merger's closing, the Company (then operating as AGBA) was in full compliance with all Nasdaq listing requirements.
The Company is also in the final stages of implementing a comprehensive upgrade to its accounting systems and processes in partnership with a leading accounting and finance consulting firm in Los Angeles.
Triller Group is fully committed to exhausting all available appeal avenues. We intend to pursue an appeal through the Nasdaq process, and to the Securities and Exchange Commission and United States Court of Appeals if necessary. We expect to regain full filing compliance and return to regular trading on a major Exchange soon. The Company has retained Jacob S. Frenkel with Dickinson Wright PLLC as counsel to appeal the decision of the Hearings Panel and pursue all possible legal challenges to the Hearings Panel’s decision and the Nasdaq’s suspension of trading and delisting of our securities. On December 29, 2025, Mr. Frenkel filed an emergency application to the Securities and Exchange Commission (“SEC”) requesting, among other things, that the SEC stay (prevent from going into effect) the trading suspension.
This procedural issue has no bearing on the Company’s ongoing operations, strategic priorities, or underlying financial strength.
The Company looks forward to achieving key growth milestones in 2026 and will provide timely updates to the market regarding progress on its financial filings and the Nasdaq appeal process and challenges to the Nasdaq’s decisions.
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About Triller Group Inc.
Nasdaq: ILLR. Triller Group Inc. is a diversified US-based technology and media company operating two primary verticals:
- Triller App – a next-generation, AI-driven social media and live-streaming platform that blends music, fashion, sports, and pop culture.
- AGBA Group – a Hong Kong-based fintech and financial services group offering machine-learning-driven consumer finance and healthcare solutions to over 400,000 clients across Asia.
Investor & Media Relations:
Bethany Lai
ir@triller.co
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 concerning the Company and other matters. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements including, without limitation, the timing and filing of the delayed Annual Report on Form 10-K and the Company’s ability to regain compliance with applicable Nasdaq rules. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. The forward-looking statements in this press release are only predictions. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. You should carefully consider the risks and uncertainties that affect our business, including those described in the Company’s filings with the SEC, which can be obtained on the SEC website at www.sec.gov. These forward-looking statements speak only as of the date of this communication. Except as required by applicable law, we do not plan to publicly update or revise any forward-looking statements, whether as a result of any new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our public announcements and filings with the SEC.
FAQ
What did Triller Group (ILLR) announce about Nasdaq action on December 26, 2025?
Why did Triller Group (ILLR) miss the filing deadline on December 24, 2025?
What legal steps has Triller Group (ILLR) taken after the Nasdaq decision?
When does Triller Group (ILLR) expect to regain filing compliance and return to trading?
Does the Nasdaq suspension affect Triller Group’s operations or financial integrity?
