Triller Group Inc. 8-K

What Happened

• On January 26, 2026 the Audit Committee of Triller Group Inc., based on management’s recommendation, concluded that Bare Knuckle Fighting Championship (BKFC) should be deconsolidated from Triller’s consolidated financial statements effective from the acquisition date of October 15, 2024. Although Triller held a majority equity interest in BKFC from that date, the company determined it did not have the power to direct the activities that most significantly affect BKFC’s economic performance (the consolidation test under ASC 810).
• As a result of the control analysis, Triller will account for its investment in BKFC at cost under ASC 321 (investments in equity securities accounted for at cost) rather than consolidating BKFC as a subsidiary.

Key Details

• Decision date: January 26, 2026; Acquisition date referenced: October 15, 2024.
• Target: Bare Knuckle Fighting Championship (BKFC), a Philadelphia-based bare-knuckle boxing promoter.
• Accounting standards: Stopped consolidation under ASC 810; will account under ASC 321 at cost from the Acquisition Date.
• Financial statements note: Triller previously filed BKFC financial statements for years ended Dec 31, 2023 and 2022 in Amendment No. 1 to Schedule 14A (filed Aug 1, 2024).

Why It Matters

• Deconsolidation changes what appears on Triller’s consolidated income statement and balance sheet: BKFC’s revenues, expenses, assets and liabilities will no longer be included in consolidation, and Triller will report its investment at cost instead. This can materially affect reported revenue, profit, assets and liabilities for periods since Oct 15, 2024.
• The company flagged potential implications for its filings, including the possibility of restatements or revisions and the need to amend prior 10-K/10-Q reports. Investors should watch for updates, amended filings, and disclosures quantifying the financial impact.