Triller’s management is said to be highly confident that the company will regain full filing compliance within weeks, further contesting that the timeline did not fully account for the efforts made in “resolving non-recurring integration challenges following the October 24 business combination with legacy Triller Corp.” 

It said, prior to the merger’s closing, the company was in full compliance with all NASDAQ listing requirements. 

“Triller Group is fully committed to exhausting all available appeal avenues,” the filing continued to read. “We intend to pursue an appeal through the NASDAQ process, and to the Securities and Exchange Commission and United States Court of Appeals if necessary. We expect to regain full filing compliance and return to regular trading on a major exchange soon.”

Triller stated in the filing that it had asked for an extension of the December 24 deadline, through evidently it did not receive that as the Panel opted to start to process of de-listing and suspending Triller effective of market opening on December 30. At the time of writing, Triller securities are viewable on the stock market, though no active trade can be made and the price has dropped from $0.62 USD to $0.04 USD since December 26. 

Triller said it has retained Jacob S. Frenkel of Dickinson Wright PLLC as counsel to appeal the decision and pursue all possible legal challenges to NASDAQ and its Hearing Panel’s decisions. On December 29, Frenkel filed an emergency application to the SEC requesting that the trading suspension is prevented from going into effect.