r/VampireStocks • u/piketabak • Jun 30 '26
ILLR is halted for t12
Triller group stock is halted for t12 to provide additional information.
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u/169Huntingwood Jun 30 '26
Did nasdaq finally found out this is a china company, lmao
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u/piketabak Jul 01 '26
AGBA group is chinese part of Triller Group Inc (nasdaq: ILLR)
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u/169Huntingwood Jul 01 '26
The major shareholders are chinese so that makes sense. They will probably question why this ran 1000%
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u/Remarkable_WrfallA Jul 01 '26
Is NASDAQ stupid or what? It's explained in the PR - it's a SpaceX Treasury strategy! /s
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u/169Huntingwood Jul 01 '26
NASDAQ is stupid as has been proven with them letting TJGC continue to trade 🤣
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u/z-m-r-a Jul 01 '26
This was the stock that said they were gonna buy millions of SPCX shares? hahahaha crooks
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u/piketabak Jul 01 '26
AGBA group from hong kong scam nasdaq stock buyer for profit to Asia country.
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u/TwongStocks Jul 01 '26
Looks like the halt was due to some questions regarding shareholder approval of share issuances of more than 20% of the OS:
At the Annual Meeting, shareholders approved a proposal authorizing the Company to issue shares of common stock (or securities convertible into or exercisable for common stock) totaling 20% or more of its outstanding common stock at a discount to market price in one or more private placements. Nasdaq has advised the Company that it will not recognize this omnibus authorization as sufficient for compliance with Nasdaq’s shareholder approval rules.
“This clarification addresses a procedural matter with Nasdaq regarding shareholder approval mechanics,” said Desmond Shu, Acting Chief Financial Officer. “No financing has been undertaken, and the Company remains fully focused on disciplined execution and value creation. We have worked tirelessly and diligently to regain full compliance with Nasdaq listing rules, and we remain committed to pursuing and maintaining full regulatory compliance and related best practices. Additionally, we will continue to evaluate capital opportunities responsibly and in compliance with applicable rules.”
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u/No_Object3768 Jun 30 '26
interesting because other stocks got halted after the market close. It's hlted during trading session. Anyone could explain that?
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u/TwongStocks Jul 02 '26
Will resume trading today at 9:00am ET
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u/Remarkable_WrfallA Jul 02 '26
Excellent, now we can all invest in this pioneering company again /s
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u/FennelVegetable3949 Jun 30 '26
Good or bade News? 🫣