By Brandon Thurston & Jason Ounpraseuth
Triller Group Inc., the parent company of TrillerTV, issued a press release stating that it received a determination letter from a Nasdaq Hearing Panel on Friday, Dec. 26, confirming the suspension of stock trading and the delisting of the company’s securities. Triller has been delisted because the parent company hadn’t filed two overdue periodic reports by the Dec. 24 deadline set by the Hearings Panel.
Triller says the company will regain compliance “within weeks” and is “fully committed to exhausting all available appeal avenues.”
“We expect to regain full filing compliance and return to regular trading on a major Exchange soon,” the company’s press release disclosing the delisting stated.
“Management is highly confident that the Company will regain full filing compliance within weeks,” Triller’s announcement stated.
Generally, being involuntarily delisted from a stock exchange like the Nasdaq makes it harder for a company to raise money. Triller has already disclosed funding troubles, like when it noted last April that a $14 million investment announced a few months prior had fallen through.
The company confirmed it retained counsel, Jacob S. Frenkel of Dickinson Wright PLLC, who filed an emergency application with the Securities and Exchange Commission requesting, among other things, that the SEC put a stay on the trading suspension.
No longer being traded on the Nasdaq, the last price shown on websites like Yahoo! Finance indicates Triller’s stock (ILLR) was priced at 37 cents per share at the close of the market on Monday. That’s down nearly 50% from around 70 cents earlier in the day on Monday.
Triller owns several other businesses in addition to TrillerTV, which serves as a streaming and pay-per-view distribution service for many wrestling companies. Previously known as FITE, Triller TV is a key platform for international streaming of AEW Plus and has been a major digital distributor of pay-per-view events for promotions like Game Changer Wrestling (GCW), TNA, and numerous other wrestling and combat sports events. Triller acquired FITE in 2021 as part of a broader push into live streaming.
Triller did not respond to a request for comment about what the delisting news may mean for its streaming service.
The press release references Triller’s actions since October 2024, which include the company’s inability to raise private money, resulting in not filing its annual report (10-K) for 2024 and its Q1 2025 quarterly report (10-Q).
Nasdaq had given Triller the spring and summer to submit a plan about how it would regain compliance, with Triller responding in a May 23 press release that it was working “diligently to complete its Form 10-Q and 10-K and expects to file its Form 10-Q and 10-K as soon as practicable.”
