Triller faces Nasdaq delisting over late filings
Triller Group faces removal from the Nasdaq exchange after missing deadlines to file mandatory financial documents with federal regulators. The company failed to submit its 2024 annual report and quarterly statements for the first and second quarters of 2025, despite receiving an extension until Oct. 13. A trading suspension was set to begin on Thursday unless executives requested a review hearing that would delay delisting for 15 days.
The video platform operates a social media service and a Hong Kong financial technology division that reported a 55.8 percent revenue decline in early 2024. Merlin sued the firm in March over 2.55 million dollars in unpaid licensing charges linked to a 2020 music agreement. Sony and Universal previously filed similar lawsuits, while a hedge fund seeks $33.5 million in debt from a merger. A federal judge scheduled a hearing on Nov. 17 to consider a default judgment against the parent corporation.
