TROO News & Events

TROOPS announced a significant strategic development through its investment in the digital media landscape. Following the appointment of CFN Lawyers as U.S. securities counsel, HK Golden has formally embarked on a journey towards an initial public offering on The Nasdaq Stock Market, with a target timeline set for 2026. HK Golden has set forth an ambitious vision: "Whenever anyone thinks about money, they will think about HK Golden, Inc." This vision aims to position the platform not merely as a discussion board, but as the primary global digital nexus for financial thought, opportunity, and community-driven value creation, seamlessly blending Eastern financial wisdom with Western market dynamics. Building a Revolutionary Tokenized Ecosystem Central to this vision is the development of HK Golden, Inc.'s proprietary token ecosystem, designed to reward engagement and integrate deeply with the TROOPS conglomerate: Community Rewards Engine: Users will earn tokens for contributing constructive posts and sharing valuable information-rewarding "good karma" and fostering high-quality financial discourse. Integrated Advertising Marketplace: Tokens can be used to purchase premium advertising across HK Golden's forums, directly connecting businesses with a highly engaged audience. Cross-Platform Utility: In a groundbreaking synergy, HK Golden tokens will be swappable for free insurance products within the TROOPS ecosystem and its network of external partners, creating tangible, real-world value from digital community participation.

TROOPS, Inc. signed a non-binding Memorandum of Understanding to acquire a portfolio of UK property assets valued at approximately GBP40M on August 13. The transaction remains subject to due diligence, definitive agreements, and customary closing conditions.

TROOPS announced that its wholly-owned subsidiary, Giant Connection, entered into a Letter of Intent with Jupiter Stone Holding to acquire a 49% equity interest in Y Concept Holding, the Hong Kong parent company of The Cara Hotel, a co-living and co-working space in Malaysia. Giant Connection will acquire 49% of Jupiter Stone Holding's 62.5% ownership in Y Concept Holding. The LOI includes a put option for the Vendor to sell the remaining 51% at a later date.The transaction will be settled through convertible notes issued by TROOPS, valued at 80% of the lower of the closing share price on the date of signing or the average closing share price over the prior 60 trading days. TROOPS retains the right to repurchase the consideration shares at the prevailing market price. This acquisition strengthens TROOPS' business portfolio by expanding its presence in Malaysian co-living and co-working space. The transaction is subject to the following conditions: Satisfactory completion of financial and legal due diligence. Obtaining necessary regulatory approvals, including from NASDAQ and the U.S. Securities and Exchange Commission. Approval by the boards of directors of both parties. No material adverse changes in Y Concept Holding's business operations or financial conditions. Due diligence is in progress, with definitive agreements expected to be finalized upon satisfaction of all conditions precedent.

TROOPS announced its wholly-owned subsidiary Giant Connection entered into a Letter of Intent with WORLD HONOR HOLDINGS, to acquire 49% share ownership of WORK, Inc., a British Virgin Islands co-working space operator with operations in Taiwan. The transaction includes a put option for the Vendor to sell the remaining 51% share ownership to the Purchaser in the future. Consideration will be paid via convertible notes linked to TROOPS shares, priced at 80% of the lower of the pre-signing closing price or the 60-day average. Key conditions include due diligence, regulatory approvals, and the Purchaser's commitment to develop a 7,000 square feet co-working space in Hong Kong and a dedicated mobile application. Key Points: Structure: Staged acquisition; Payment: Convertible notes tied to TROOPS' share price. Obligations: Purchaser to fund Hong Kong co-working space and app development. Conditions: Due diligence, regulatory approvals, and no material adverse changes. Binding Terms: LOI enforces confidentiality and exclusivity. This move signals TROOPS' expansion into Asia's flexible workspace sector, leveraging WORK, Inc.'s footprint in Taiwan and planned Hong Kong presence.