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The latest announcement is out from TROOPS ( (TROO) ).
TROOPS, Inc. disclosed that on May 28, 2025 it sold 14,050,000 ordinary shares to Wang & Lee Holdings, Inc. at $0.90 per share, and subsequently, on July 24, 2025, it completed the repurchase of 4,400,000 of those shares for $3.96 million under a stock repurchase agreement. These transactions were initially governed by a 10-year lock-up agreement that tightly restricted the shareholder’s ability to transfer the shares and granted the company an exclusive repurchase option.
On March 27, 2026, TROOPS and Wang & Lee amended the lock-up terms so that any shares the company consents in writing to be transferred will be released from lock-up restrictions and no longer subject to the company’s repurchase option. The change gives TROOPS more flexibility to approve secondary transfers while potentially enhancing liquidity for the shareholder, and it adjusts the balance of control over these shares without otherwise altering the original lock-up agreement.
More about TROOPS
TROOPS, Inc., a foreign private issuer listed in the United States, is headquartered in Hong Kong and files its annual reports on Form 20-F. The company has engaged in equity transactions with Wang & Lee Holdings, Inc., issuing and repurchasing ordinary shares as part of its capital management and strategic shareholder arrangements.
Average Trading Volume: 472,815
Technical Sentiment Signal: Buy
Current Market Cap: $282.2M
Find detailed analytics on TROO stock on TipRanks’ Stock Analysis page.