Triller Group (ILLR) Surges Over 400% Today After Acquiring 3.9M SpaceX Shares for $411.3M

According to SEC filings, Triller Group's unit Trendy Reach Holdings said today it signed a definitive agreement to acquire a Bahamian investment vehicle, SAC1, for $411.3 million, gaining exposure to 3.9 million SpaceX Class A shares. At the time of writing, ILLR stock was up more than 400%. The company's effective purchase price was $105 per share, representing approximately a 32% discount compared to SpaceX's Wednesday closing price.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments