Triller Group (NASDAQ: ILLR) faces a $35.5 million lawsuit from Yorkville Advisors for allegedly failing to honor a promissory note, just as the company prepares to launch its revamped video-sharing app in 2025.

The lawsuit stems from an initial $8.51 million investment and a subsequent $25 million advance provided to fund Triller's operations before its merger. According to legal documents, Triller missed crucial deadlines, including:

• An August 12th merger completion deadline
• An August 29th registration statement filing deadline
• Required monthly payments after missing these deadlines

Yorkville now seeks immediate repayment of approximately $35.5 million, including accrued interest. Triller has stated it will "defend itself vigorously" against these claims.

Despite the legal challenges, Triller continues to advance its business plans. The company recently hired former TikTok executive Sean Kim to lead the platform and announced a three-phase app roadmap:

1. Reignition with exclusive creator content
2. Enhanced creator ownership features
3. New monetization opportunities

The revamped Triller app is scheduled for release in Q1 2025. The company will reveal additional details during its investor day conference on December 18th.

Sean Kim stated, "Our goal is clear: to make the Triller App the ultimate destination for creators, fans, and brands worldwide. We are setting a new benchmark for digital engagement and reshaping how content, community, and commerce intersect."

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