01/26/2026 | Press release | Distributed by Public on 01/26/2026 05:18
Item 8.01 Other Events.
On January 26, 2026, the Audit Committee of the board of directors of Triller Group Inc. (the "Company"), based on the recommendation of management concluded that Bare Knuckle Fighting Championship ("BKFC"), which is an American bare-knuckle boxing promotion based in Philadelphia, should be deconsolidated in the Company's consolidated financial statements form the acquisition date by AGBA Group Holding Limited ("AGBA") on October 15, 2024 (the "Acquisition Date").
While the Company held a majority equity interest in BKFC from the Acquisition Date, it lost the control over the BKFC and no longer possessed the power to direct the activities or key decisions that most significantly impacted BKFC's economic performance, as required for consolidation under ASC 810, Consolidation.
Based on the control analysis, the Company has accounted its investment in BKFC at cost under ASC 321, from the Acquisition Date, rather than consolidating BKFC as a subsidiary in its consolidated financial statements.
Based on the Form 8-K filing requirement under Item 9.01(a)(1), a registrant must file the financial statements of the business acquired, together with any applicable supplemental information, for any business acquisition. The Company has already filed the financial statements of the business acquired for the years ended December 31, 2023 and 2022 in Amendment No. 1 to Schedule 14A, which was filed with the SEC on August 1, 2024.