Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 205

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 205
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fair values mainly consist of investments in privately-held companies. They are accounted for, at cost, less any impairment, plus or minus
changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer.

Warrant with a purchase option of equity securities
was recorded as an investment in non-marketable equity securities and measured at the fair value.

At each reporting period, AGBA makes a qualitative
assessment considering impairment indicators to evaluate whether the investment is impaired.

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| ● | Warrant Liabilities |

AGBA accounts for warrants as either equity-classified
or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance
in ASC Topic 480, Distinguishing Liabilities from Equity (“ASC 480”) and ASC Topic 815, Derivatives and Hedging
(“ASC 815”). The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet
the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under
ASC 815, including whether the warrants are indexed to AGBA’s own ordinary shares and whether the warrant holders could potentially
require “net cash settlement” in a circumstance outside of AGBA’s control, among other conditions for equity classification.
This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent
quarterly period end date while the warrants are outstanding.

For issued or modified warrants that meet all
of the criteria for equity classification, the warrants are required to be recorded as a component of equity at the time of issuance.
For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded
as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair
value of the warrants are recognized as a non-cash gain or loss on the consolidated statements of operations. The Company accounts for
its Public Warrants as equity and the Private Warrants as liabilities.

Warrants classified as liabilities are recorded
at fair value and are remeasured at each reporting date until settlement. Changes in fair value is recognized as a component of change
in fair value of warrant liability in the unaudited condensed consolidated statements of operations and comprehensive loss. Transaction
costs allocated to warrants that are presented as a liability are immediately expensed