Triller's financial struggles just went from rumor to reality.
As Ringside News previously reported, AEW made the call to not air Double or Nothing 2025 on Triller in the United States, Canada, or Puerto Rico. While Triller will still carry the pay-per-view internationally, the move sparked questions about what's really going on behind the scenes.
Now, the company has confirmed what many feared. In a press release issued May 23, to Ringside News, it revealed Triller received a delinquency notification from Nasdaq on May 20, 2025, for failing to file its required quarterly 10-Q financial report for Q1 2025. This puts Triller out of compliance with Nasdaq Listing Rule 5250(c)(1) and officially at risk of being delisted from the exchange.
"This Notice has no immediate effect on the listing of the Company's securities on Nasdaq," the statement read. "However, if the Company fails to timely regain compliance with the Rule, the Company's securities will be subject to delisting."
Nasdaq has given the company until June 16, 2025, to submit a plan to regain compliance. If approved, Triller would have until October 13 to get back on track. If the plan is rejected, the company may appeal -- but time is running out.
The timing explains AEW's decision to hold back U.S. distribution through the platform. On Wrestling Observer Radio, Dave Meltzer explained the situation bluntly:
"Triller is in a real bad financial state. They didn't file their 10-Q. They're on the verge of being delisted. Their stock is under a dollar a share."
"They need someone to buy them right now, because they're in trouble."
While AEW hasn't officially severed ties with Triller, the company clearly sees financial risk in using the platform to distribute major events in its most important markets.
"Obviously, AEW is still allowing Triller... but you know, if you're far behind [in payments], there's the fear that you may not get your money," Meltzer noted.
The ripple effect could extend far beyond AEW. Meltzer also warned that smaller promotions who rely on Triller for streaming income could be in serious danger if payments don't come through.
"A lot of companies that are on Triller rely on that Triller money," Meltzer said. "And if the money doesn't come, it's going to be very tough for those companies. At least several of them."
Triller's delayed filing, stock plunge, and looming delisting have turned what was once a promising digital distribution hub into a massive red flag for wrestling content providers.