Report: Triller could go public with shell-company merger
Posted on: 13 octobre 2020, by : Stuart Dredge

Remember those July reports that short-video app Triller was raising a funding round of up to $300m? Whatever happened to that? Reuters has an update, claiming that the company has “so far secured around $100 million in that round at a $1.25 billion valuation” according to unnamed sources “familiar with the matter”.
However, the report claims that Triller may opt against the funding round after all, and instead go public via a merger with a ‘SPAC’ (a special purpose acquisition company: a shell company formed solely to raise money through an IPO, then merge with a private company to take the latter public).
SPACs are currently popular in the US for “providing a path to going public with less regulatory scrutiny and more certainty over the valuation that will be attained and funds that will be raised” according to Reuters.
The post Report: Triller could go public with shell-company merger appeared first on Music Ally.
Source: Music ally

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