TROOPS, Inc. (TROO), Monday announced that its subsidiary Giant Connection Limited has signed a Letter of Intent to acquire 49% of WORK, Inc., a British Virgin Islands based co-working space operator active in Taiwan.
The deal includes a put option enabling TROOPS to purchase the remaining 51% in the future. Consideration will take the form of convertible notes tied to TROOPS shares, priced at 80 percent of the lower of the pre-signing closing price or the 60-day average. TROOPS also commits to develop a 7,000 sq. ft. co-working facility in Hong Kong and a dedicated mobile app.
TROO is currently trading at $1.41, up $0.75 or 115.27 percent on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
September 04, 2026 15:08 ET The job report and foreign trade data were the main economic news from the U.S. in the first week of September. Elsewhere in North America, the Canadian central bank announced its latest policy decision. Inflation data from Eurozone was the highlight in Europe. The latest interest rate decision by the Reserve Bank of New Zealand drew attention in Asia.