Triller Group Inc. announced that Nasdaq will not accept a shareholder authorization the company received at its June 10, 2026, annual meeting. The proposal was an omnibus authorization that would have allowed Triller to issue common stock, or securities convertible into stock, of 20% or more of its outstanding shares at a discount in private placements.
Nasdaq informed the company that this broad, non-specific approval does not satisfy the exchange's shareholder approval requirements for such offerings. Triller's acting CFO, Desmond Shu, described the issue as a "procedural matter." The company clarified that it has not issued any securities under this authorization and intends to comply with all Nasdaq rules for any future issuances. This development occurs as the company faces liquidity challenges and works to maintain its Nasdaq listing.