Triller Group, the company behind the streaming platform Triller TV (FITE TV) that offers pay-per-view services, is set to be removed from the Nasdaq Stock Market. Triller TV streams AEW content, GCW, and various independent wrestling programs, while AEW Dynamite is shown on Warner Bros. Discovery’s MAX platform outside the U.S. Notably, January saw Wrestle Kingdom 19 coincide with Wrestle Dynasty, a collaboration between AEW and New Japan Pro Wrestling.
An SEC filing revealed that Triller received a formal notice from the Nasdaq Hearing Committee on December 26, confirming the suspension of trading from December 30. This action follows Triller’s failure to submit two mandatory reports by the December 24 deadline. Triller insists that its operations continue smoothly without any financial irregularities and attributes the filing delay to technical issues related to integrating U.S.-based accounts within the Triller Group. The company had been granted an extension on November 25 to file its 10-K and 10-Q reports for the first three quarters of 2024 by December 24.
Despite this setback, Triller’s management is confident they will return to full compliance within weeks, disputing claims that the timeline does not reflect their efforts to resolve integration challenges after their business combination on October 24. Before the merger, the company was fully compliant with Nasdaq’s listing requirements. Triller is committed to pursuing all possible appeals, including going through Nasdaq’s process and potentially appealing to the SEC and U.S. Court of Appeals, aiming to resume normal trading soon.
The filing notes that the extension request was effectively denied as the delisting and suspension process commenced on December 30. Currently, Triller Securities is listed but not actively traded, with its stock price dropping sharply from $0.62 to $0.04 since December 26. Triller has hired Jacob S. Frenkel of Dickinson Wright PLLC as legal counsel to challenge the Nasdaq decision and filed an emergency application with the SEC to prevent the trading halt.
Fan Take: This development is significant for AEW fans because Triller TV is a key platform delivering their favorite wrestling content outside traditional channels. The resolution of Triller’s financial and regulatory issues will be crucial in ensuring uninterrupted access to AEW programming and maintaining the growth of independent wrestling streams.
