Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 53

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 53
---
 other things, its ability to retain
or add new users, Creators and Brands to our Technology Platform, its ability to gain acceptance of our Technology Platform and on Triller’s
ability to successfully integrate companies it has acquired and in the future may acquire into its business.

Triller has various financial obligations which have come due in the past six months and are coming due over the next twelve months and it may not be able to meet its cash obligations as those amounts come due.

Triller has various financial obligations which have come due in the
past six months and are coming due over the next twelve months. Triller may not have sufficient cash on hand to satisfy these obligations
or may be unable to meet its cash obligations as they become due, which would materially harm Triller’s financial condition and
liquidity as well as its reputation.

<div align='center'>27</div>

The loss of a large customer could have an adverse effect on Triller’s business.

As of December 31, 2023, Triller had one customer that comprised approximately 11.5% of consolidated accounts receivable. As of December 31, 2022, Triller had no customers that comprised over 10% of consolidated accounts receivable. During the years ended December 31, 2023 and 2022, Triller had a single customer, All Elite Wrestling, a customer of TrillerTV, which accounted for approximately 19% and 16% of Triller’s consolidated revenue, respectively. Pursuant to Triller’s distribution agreement with All Elite Wrestling (“ AEW”), TrillerTV holds a non-exclusive, non-transferable right to distribute certain audiovisual programs that are owned or controlled by AEW on TrillerTV’s distribution platform within the US and UK. In consideration for such rights and pursuant to Triller’s distribution agreement, TrillerTV pays AEW a fixed percentage of all net revenues generated through the distribution of such media (which usually occur through pay-per-view sales). In addition, the distribution agreement grants TrillerTV the right to distribute and sell certain of AEW’s branded wrestling programs as a monthly subscription service via Triller’s distribution platforms outside of the United States, United Kingdom and other territories in return for a fixed percentage of all revenue collected by TrillerTV in connection therewith. The distribution agreement automatically renews for successive one year periods and may be terminated by either party upon the delivery of 30 days’ notice.

Triller manages its exposure to credit risk by performing ongoing evaluation of its customers