Triller Group (ILLR) said Wednesday it raised $50 million through a private placement with institutional investors.
The company said the equity financing will allow it to enhance the live-streaming and video editing capabilities of its Triller app and introduce artificial intelligence-driven tools.
Shares of Triller were up 4.9% in recent trading.
Price: 1.94, Change: +0.09, Percent Change: +4.86
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