Company: ILLRW
Filing Date: 2025-01-24
Form Type: S-1
Source: 0001213900-25-006210
Chunk: 195

Company: Triller Group Inc.
Filing Date: 2025-01-24
Form: S-1
Chunk 195
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 Liquidity and Going Concern” below.

AGBA’s future capital requirements may vary
materially from those currently planned and will depend on many factors, including our rate of revenues growth, the timing and extent
of spending on sales and marketing, the expansion of sales and marketing activities, the timing of new product introductions, market acceptance
of our brand, and overall economic conditions. We may also seek additional capital to fund our operations, including through the sale
of equity or debt financings. To the extent that we raise additional capital through the future sale of equity, the ownership interest
of our stockholders will be diluted, and the terms of these securities may include liquidation or other preferences that adversely affect
the rights of our existing stockholders. The incurrence of debt financing would result in debt service obligations and the instruments
governing such debt could provide for operating and financing covenants that would restrict our operations.

Cash Flows

Comparison of the nine months ended September 30, 2024 and 2023

As of September 30, 2024, AGBA had cash and cash
equivalents totaling $5.1 million, and $13.7 million in restricted cash.

As of December 31, 2023, AGBA had cash and cash
equivalents totaling $1.9 million, and $16.8 million in restricted cash.

The following table summarizes our cash flows
for the periods presented:

|                                                              |     | Nine months ended  
 September 30,      
 2024               
 (US$ in thousands) |         |   |     | 2023 |         |   |
|:-------------------------------------------------------------|:----|:-------------------|--------:|:--|:----|:-----|--------:|:--|
| Net cash used in operating activities                        |     | $                  | (20,742 | ) |     | $    | (33,365 | ) |
| Net cash provided by investing activities                    |     |                    |   2,580 |   |     |      |   4,687 |   |
| Net cash provided by (used in) financing activities          |     |                    |  18,254 |   |     |      |    (415 | ) |
| Effect on exchange rate change on cash and cash equivalents  |     |                    |     (19 | ) |     |      |     (26 | ) |
| Net change in cash, cash equivalents and restricted