TROOPS INC SEC Filings

TROOPS, Inc. disclosed that it and certain subsidiaries have been held jointly and severally liable for two monetary awards in Hong Kong dollars. One judgment requires payment of 163,400,000 Hong Kong Dollars shared among the company, SGOCO International (HK) Limited and other defendants. A separate judgment requires payment of 241,400,000 Hong Kong Dollars shared among the company, SGOCO International (HK) Limited and other defendants. The disclosure lists the company president and CEO as the reporting signatory. The filing does not provide details on the underlying claims, timing for payment, currency conversions, or whether appeals or payment arrangements are in place.

TROOPS, Inc. disclosed that a petition was filed in the Grand Court of the Cayman Islands by Real Estate and Finance Fund (in Liquidation) alleging the company is insolvent following two Hong Kong judgments. The filing states the Company and certain subsidiaries are jointly and severally liable for HK$163,400,000 in one judgment and for HK$241,400,000 in a second judgment. The petitioner says the Company cannot pay these debts and seeks the Company’s winding up or, alternatively, a determination that winding up is just and equitable. A hearing on the petition is scheduled for October 9, 2025. The Company says it intends to seek an appeal and a stay of execution to protect shareholders’ interests.