Announcement comes following the most successful BKFC event to date at Wembley Arena in London
LOS ANGELES, Aug 30 (Bernama-GLOBE NEWSWIRE) -- Triller, the AI-powered open garden technology platform for creators, today announced it had completed a substantial pre-public financing in the form of debt and equity. This announcement comes on the heels of its filing its S-1 with the SEC, the document a company files prior to a public listing. The company has reserved the ticker symbol “ILLR” with the Nasdaq stock exchange.Participants in the round include Total Formation Co, an affiliate of Fubon Financial, one of the largest financial institutions in Asia with ownership of Taiwan Mobile, Taipei Fubon Bank, Fubon Life, and many others, and was for the third straight year on Fortune Global 500’s list of “The Top 500 most valuable Global Brands. Other investors included, Falcon Capital, Clearvue Partners and others.
“This was an important step for Triller to be properly funded entering the Public Markets,” said Mahi de Silva, CEO and Chairman of Triller. “We are very pleased to have such strong market leaders as investors and look forward to bringing Triller to the world via a Nasdaq listing,” he continued. “If the capital markets continue to be stable, we are targeting an early Q4 public listing.”
Triller also announced that it concluded the acquisition of of Bare Knuckle Fight Championship (BKFC), a transaction it announced it had contracted earlier this year.
Bare Knuckle has quickly become a world-wide phenomenon with deals consummated or in negotiations across more than 20 countries, and an unprecedented growth in the United States. BKFC is the fastest growing combat sport with an anticipated 200,000 subscribers between the BKFC app and Triller’s wholly owned Fite TV.
“Bare Knuckle Fight Championship has enjoyed never before seen growth, as it offers something that all fight audiences can connect with,” said Mahi de Silva CEO and Chairman of Triller. “This acquisition is a game-changer for Triller, as it accrues numerous synergies across our entire platform and allows us to supercharge BKFC even further,” continued Silva. “By leveraging our creator platform, combined with our social media infrastructure, ad-tech and mar-tech capabilities, influencer network, and FITE TV’s streaming services currently enjoyed by five million paying households, makes this acquisition a no brainer for both parties.”
The announcement comes in the wake of BKFC’s most successful, largest event-to-date, held on August 22 at Wembley Arena in London. This past weekend BKFC had its most successful event to date at Wembley Stadium in London, and trended number 2 in the world on Twitter. As a result, the digital streaming, pay-per-view, and subscription service FITE.TV by Triller, now has over 200,000 subscribers.
“I started BKFC from scratch and it has become a way of life, and will forever change boxing and MMA,” said Dave Feldman, Founder and CEO of BKFC. “We spent over a year working with Triller prior to the acquisition, getting to know their team, their plans and the way in which BKFC would be integrated into their ecosystem. What became clear is that Triller was the only home for us. They are not seeking to change BKFC but will help supercharge our growth, maximizing our marketing and monetization. I can say without hesitation there is no company out there that has both the ambition and the tools of Triller to change the ways people consume combat sports,” Feldman concluded.
As the world of social media and the way in which brands market are changing dramatically, Triller has led the way to Web3 and decentralization with a “open-garden” ecosystem, helping creators gain ownership of their audiences, control their monetization and financial destiny. Triller saw over 750 million content interactions last quarter and looks at each interaction as an opportunity for monetization.
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