AGBA Group Holding Ltd
For the period ended Dec 31, 2023. Filed Mar 28, 2024.
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FY2023 · Filed Mar 28, 2024
ILLR$0.18-23.0%Stored close · as of Oct 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Shareholders’ Equity
(Currency expressed in United States Dollars (“US$”), except for number of shares)
For the years ended December 31, 2023 and 2022
| Ordinary shares · Ordinary shares to be issued · Additional · Receivable from the · Accumulated other · (Accumulated deficit) · Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Note · No. of share · Amount · No. of share · Amount · paid-in capital · holding company · comprehensive (loss) income · retained earnings · shareholders’ equity | |||||||||||
| Balance as of January 1, 2022 | 53,835,000 | $53,835 | 1,665,000 | $1,665 | $38,706,226 | $(29,562,195) | $(179,461) | $52,125,502 | $61,145,572 | ||
| Restatement | (2) | — | — | — | — | — | — | — | 23,000,000 | 23,000,000 | |
| Balance as of January 1, 2022 (restated) | (17)(i) | 53,835,000 | $53,835 | 1,665,000 | $1,665 | $38,706,226 | $(29,562,195) | $(179,461) | $75,125,502 | $84,145,572 | |
| Automatic conversion of public and private rights into ordinary shares | (17)(i) | 482,500 | 483 | — | — | (483) | — | — | — | — | |
| Issuance of ordinary shares to settle payables | (17)(i) | 792,334 | 792 | — | — | 7,202,278 | — | — | — | 7,203,070 | |
| Issuance of ordinary shares to settle finder fee | (17)(i) | 555,000 | 555 | — | — | (555) | — | — | — | — | |
| Transaction costs in related to Business Combination | — | — | — | — | (8,308,754) | — | — | — | (8,308,754) | ||
| Shares and warrants from reverse recapitalization with AGBA Acquisition Limited, net of redemption | 2,712,151 | 2,712 | — | — | 6,282,184 | — | — | — | 6,284,896 | ||
| Special dividend to the holding company | — | — | — | — | — | 29,562,195 | — | (47,000,000) | (17,437,805) | ||
| Share-based compensation | — | — | — | — | 2,088,725 | — | — | — | 2,088,725 | ||
| Initial measurement of forward share purchase liability | — | — | — | — | (8,099,313) | — | — | — | (8,099,313) | ||
| Forgiveness of amounts due to the holding company | — | — | — | — | 6,000,000 | — | — | — | 6,000,000 | ||
| Net loss for the year | — | — | — | — | — | — | — | (44,520,635) | (44,520,635) | ||
| Foreign currency translation adjustment | — | — | — | — | — | — | (205,477) | — | (205,477) | ||
| Balance as of December 31, 2022 (restated) | 58,376,985 | 58,377 | 1,665,000 | 1,665 | 43,870,308 | — | (384,938) | (16,395,133) | 27,150,279 | ||
| Issuance of ordinary shares to settle finder fee | (17)(ii) | 2,173,913 | 2,174 | — | — | 3,997,826 | — | — | — | 4,000,000 | |
| Issuance of holdback shares | (17)(iv) | 1,665,000 | 1,665 | (1,665,000) | (1,665) | — | — | — | — | — | |
| Issuance of ordinary shares for private placement | (17) | (vii) | — | — | 2,643,300 | 2,643 | 1,847,667 | — | — | — | 1,850,310 |
| Issuance of ordinary shares for commitment fee | (17)(v) | 600,000 | 600 | — | — | 275,400 | — | — | — | 276,000 | |
| Share-based compensation | (17) | (iii),(vi),(viii) | 5,846,100 | 5,846 | 2,210,984 | 2,211 | 11,518,909 | — | — | — | 11,526,966 |
| Forgiveness of amounts due to the holding company | — | — | — | — | 12,593,384 | — | — | — | 12,593,384 | ||
| Foreign currency translation adjustment | — | — | — | — | — | — | (88,149) | — | (88,149) | ||
| Net loss for the year | — | — | — | — | — | — | — | (49,206,019) | (49,206,019) | ||
| Balance as of December 31, 2023 | 68,661,998 | $68,662 | 4,854,284 | $4,854 | $74,103,494 | $— | $(473,087) | $(65,601,152) | $8,102,771 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.