Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 284

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 284
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 held by its founders and their affiliates, which represent controlling interests in Triller Hold Co LLC Triller Acquisition LLC had no other assets, liabilities or operations. On August 17, 2022, we exchanged the 80,282 Class A common units held by Triller Acquisition LLC for either Class C-2 common units (in the case of the founders and their affiliates) or Class C-1 common units (in the case of other holders), and effectively dissolved Triller Acquisition LLC by merger into Triller Hold Co LLC.

2021/2022 Convertible Debt Financing

During the period beginning March 11, 2022 and
ending May 26, 2022, we issued 7.5% Unsecured Convertible Promissory Notes to BAS Living Trust in the aggregate principal amount of $
4.85 million and to AS Trust in the aggregate amount of $3.55 million. Bobby Sarnevesht is the trustee of the BAS Living Trust and his
mother, Julia Hashemieh, is the trustee of the AS Trust and an affiliate of BASM HoldCo LLC. All principal and accrued interest owed under
the notes issued to BAS Living Trust and AS Trust was converted into 949,812 of our Series AA-1 preferred units on August 17, 2022.

2022 Senior Convertible Debt Financing

On August 18, 2022, we entered into a Convertible
Note Purchase Agreement with Total Formation Inc. (“TFI”) pursuant to which TFI purchased, and we issued to TFI, a
Senior Convertible Note in the principal amount of $25.0 million (the “TFI Convertible Note”). The TFI Convertible
Note bears simple interest at a rate of 15% per annum and is payable in full on August 18, 2023 unless earlier converted or accelerated
in accordance with its terms. Concurrently with the issuance of the TFI Convertible Note and as partial consideration for TFI’s
investment, we issued to TFI a warrant to purchase 598,236 Series A-1 preferred units of Triller Hold Co LLC at an exercise price per
unit of $2.72; entered into a Share Conversion Agreement with TFI and Castle Lion Investments Limited pursuant to which all Class A common
units, Class B common units, and Class C-1 common units held by TFI and Castle Lion Investments Limited were converted into 34,163,117
Series A-1 preferred units; and warrants to purchase