Following these transactions, Diamond holds 956,749 shares indirectly through Atlas (NYSE:ATCO) Merchant Capital LLC, where he serves as CEO and majority owner. Additionally, he has direct ownership of 4,841,250 restricted stock units, with some scheduled to vest over the next two years. InvestingPro analysis reveals concerning metrics about the company's financial health, with additional insights available to subscribers. InvestingPro analysis reveals concerning metrics about the company's financial health, with additional insights available to subscribers.
On January 10, Diamond sold 72,442 shares at an average price of $2.54. This was followed by a sale of 13,179 shares on January 13 at an average price of $2.64. The largest transaction occurred on January 14, when 198,774 shares were sold at an average price of $2.72. The company, with a market capitalization of $399 million, has shown significant price volatility recently.
Following these transactions, Diamond holds 956,749 shares indirectly through Atlas Merchant Capital LLC, where he serves as CEO and majority owner. Additionally, he has direct ownership of 4,841,250 restricted stock units, with some scheduled to vest over the next two years.
In other recent news, Triller Group Inc. announced significant developments. The company recently presented its strategic vision following a merger, aiming to create a comprehensive ecosystem spanning social media, commerce, and financial technology. Triller Group's revenue is reported at $45.24 million, with a market capitalization of $389 million. The company's leadership, including CEO Wing Fai Ng and CFO Mark Carbeck, emphasized potential for growth and scalability.
Triller Group is also facing a $35.5 million lawsuit for alleged default, involving a series of financial obligations with Convoy Global Holdings Limited. The company has expressed its intention to defend these claims vigorously.
On the leadership front, the company witnessed the departure of Chairman Robert E. Diamond Jr., and board member James McCann. The appointment of Kevin McGurn as CEO was rescinded before he could assume the role.
In a strategic move, Triller Group completed its merger with AGBA Group Holding Limited, combining AGBA's financial services and healthcare products with Triller's AI-powered social media and live-streaming platform. The newly formed entity adopted a new equity incentive plan and elected its board of directors. These are recent developments in the company's trajectory.
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