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Triller
The short-form video app will go public by merging with a special purpose acquisition company (SPAC), offering a fast-track to the stock exchange while avoiding some regulatory scrutiny.
Over the past six months, the short-form video app Triller has gone from fledgling startup to rising TikTok competitor, with $37.5 million raised from investors and Hollywood dealmaker
Ryan Kavanaugh at its helm. Now, Triller is about to go public.
Triller will enter into an agreement to merge with a special purpose acquisition company (SPAC) by the end of the year, a source familiar with the situation tells
Billboard. SPACs are shell companies that raise money in an initial public offering (IPO), then merge with a privately-held target company, making that target publicly-traded as a result.