Triller says no undisclosed developments behind 45% share drop, probes trading activity

Triller said it issued a statement addressing unusual trading after its shares fell more than 45% to $1.28 on July 15.

The company said it had identified no material corporate developments or undisclosed events that would explain the move, and management said it does not know who drove the trading.

Triller said special counsel was asked to review July 15 activity for potential illegal short-selling or market manipulation, with possible referrals to the SEC or DOJ.

The Nasdaq bid-price compliance deadline is set for July 30, requiring 20 straight sessions with a closing bid above $1. The stock has met that threshold since June 25.