Vivien Killilea/Getty Images for Triller Creator and marketing company Triller said it's been delisted from the Nasdaq exchange. The company was suspended for failing to file quarterly and annual reports on time. Triller sought to recruit users from TikTok when it looked like it might be banned in the US. Triller, a publicly traded creator and marketing company that vied to take on TikTok in the US, was delisted from the Nasdaq on Tuesday after missing multiple reporting deadlines, the company wrote in an SEC filing. The suspension is the latest setback for the company, which made a big push to position its video app as a TikTok replacement. Triller hired TikTok's former head of product, Sean Kim, in late 2024 to oversee its video app and a few other business lines. In early 2025, it launched a website to recruit TikTok's users when it looked like the ByteDance-owned video app might be banned in the US. TikTok's US future now looks a lot more secure after its CEO told staff that it expects to close a deal in late January to sell off parts of its US business and create a joint venture with new investors. TikTok's stability, as well as the popularity of other short-video products from Instagram and YouTube, could make it harder for Triller to draw in new users. Triller does not rely solely on its app to make money. It owns a variety of businesses, including a text-marketing tool, an influencer marketing platform called Julius, and the TrillerTV combat-sports streamer. But its TikTok-like app may have been a draw for some retail investors who saw an opportunity for the company to grab market share from one of the most successful new social platforms. Triller's delisting means investors can no longer trade its stock on the Nasdaq exchange, though they may be able to transact separately in what's referred to as an over-the-counter trade. The company was suspended because it failed to file its annual report for 2024 as well as quarterly reports for 2025, a delay that prompted multiple Nasdaq notices, a hearing, and the ultimate suspension of its "ILLR" stock from listing on the exchange. Triller wrote in a Tuesday press release that its delayed filing is tied to "one remaining technical matter involving the consolidation of accounts" for a US-based operation, and that its management is "highly confident" that it will "regain full filing compliance within weeks." The company said its operations have been progressing "in a normal manner" with no identified "deficiencies or irregularities" and that it's in the final stages of upgrading its accounting systems. Triller went public in October 2024 via a reverse merger with a Hong Kong-based firm called AGBA. The company nixed an earlier plan to go public via a direct listing. It reported around $18 million in operating revenue for the first nine months of 2024, a roughly 57% decline from the same period in 2023, according to a January SEC filing. Read the original article on Business Insider