Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 416

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 416
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 a 30 trading 
 day period ending three business days before the Company send the notice of redemption, and                                             |

| ● | if,                                                                                                                                            
 and only if, there is a current registration statement in effect with respect to the ordinary shares underlying such warrants at the           
 time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption. |

If the Company calls the warrants for redemption
as described above, the management of the Company will have the option to require all holders that wish to exercise warrants to do so
on a “cashless basis.” In such event, each holder would pay the exercise price by surrendering the whole warrants for that
number of ordinary shares equal to the quotient obtained by dividing (x) the product of the number of ordinary shares underlying the warrants,
multiplied by the difference between the exercise price of the warrants and the “fair market value” (defined below) by (y)
the fair market value. The “fair market value” shall mean the average reported last sale price of the ordinary shares for
the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants.
Whether the Company will exercise our option to require all holders to exercise their warrants on a “cashless basis” will
depend on a variety of factors including the price of our ordinary shares at the time the warrants are called for redemption, the Company’s
cash needs at such time and concerns regarding dilutive share issuances.

Private Warrants

The private warrants are identical to the public
warrants, except that the private warrants and the ordinary shares issuable upon the exercise of the private warrants were not transferable,
assignable or salable until after the completion of the Business Combination, subject to certain limited exceptions. Additionally, the
private warrants will be exercisable on a cashless basis and will be non-redeemable so long as they are held by the initial purchasers
or their permitted transferees. If the private warrants are held by someone other than the initial purchasers or their permitted transferees,
the private warrants will be redeemable by the Company and exercisable by such holders on the same basis as the public warrants.

The private warrants are accounted as liabilities
and remeasured to fair value on a recurring basis, with changes in fair value recorded in the consolidated statements of operations (see
Note 16).

As of December 31, 2023 and 2022