Troops, Inc. /Cayman Islands/ (TROO) Form SCHEDULE 13D — Sep 24, 2026
WANG & LEE Holdings, Inc. filed a Schedule 13D disclosing beneficial ownership of 9,650,000 ordinary shares of TROOPS, Inc., representing 7.9% of the class, with sole voting and dispositive power over the entire position. The stake originates from a May 28, 2025 stock purchase agreement in which TROOPS sold WANG & LEE 14,050,000 shares at $0.90 per share for $12,645,000, subject to a ten-year lock-up with a company repurchase option. On July 22, 2025, TROOPS repurchased 4,400,000 shares at the same $0.90 price for $3,960,000, leaving the current 9,650,000-share position.
Key figures
- Shares Owned
- 9650000
- Percent Owned
- 7.9%
- Lock up period
- 10 years from closing
- Repurchase total
- $3,960,000 (closed July 24, 2025)
- Repurchase shares
- 4400000
- Original purchase shares
- 14050000
- Repurchase price per share
- 0.9
- Original purchase aggregate
- $12,645,000 (May 28, 2025)
- Original purchase price per share
- 0.9
AI analysis
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