10:11 AM EDT, 07/05/2024 (MT Newswires) -- AGBA (AGBA) said in a Friday filing that it signed a second amended and restated standby equity purchase agreement last week with investment fund Yorkville and social media company Triller.

The revised agreement includes Yorkville providing AGBA financing of up to $25 million through an additional pre-paid advance, AGBA said in a filing with the US Securities and Exchange Commission.

The move comes as the merger between AGBA and Triller enters its final phase, the company said in a statement.

AGBA shares were down 3.4% in recent trading.

Price: 2.74, Change: -0.10, Percent Change: -3.36