ILLR is trading at 7.4% down now at $2.51 after pre-market weakness tied to Nasdaq’s rejection of Triller’s blanket discounted-share issuance plan. The stock had surged in recent sessions on reduced dilution fears, and traders are now refocusing on the company’s financing overhang and heavy cash needs.[6]
The move also follows a sharp two-day pullback from $3.77 on June 29 to $2.71 on June 30, suggesting momentum has reversed quickly.[1][3]