TROOPS, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $251.6M
- Price
- $2.06
- % Change (Daily % change from the live per-ticker quote feed.)
- -9.65%
- Volume
- 632.9K
About
TROOPS, Inc., established in 2005 and headquartered in Tsuen Wan, Hong Kong, conducts a multi-faceted business primarily across Hong Kong and Australia. The company engages in financial services, extending credit for various purposes, including mortgages, personal loans, and corporate financing. Beyond traditional lending, it manages a digital financial platform accessible via a mobile application, designed to connect financial institutions with consumers and offer diverse financial technology solutions, such as API services. Additionally, TROOPS provides a suite of technology services, encompassing the development of software-as-a-service (SaaS) products and mobile applications, project and API-focused consulting, and ongoing maintenance and support. The firm also allocates capital to real estate assets and delivers property leasing and management services. Notably, the company operated under the name SGOCO Group, Ltd. until its rebranding to TROOPS, Inc. in November 2021.
Quick stats
Shares outstanding122.2M
Computed float113.4M
Float / shares92.9%
Key info
SectorFinancial Services
IndustryFinancial - Credit Services
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001412095
Websitehttps://www.troops.co
AI Summary
AI-generated3d agomajorbearishlegal litigation
TROOPS, Inc. (NASDAQ: TROO) Issues Statement Rebutting Misleading Short-Seller Report and Provides Update on Hong Kong Legal Proceedings
TROOPS issued a rebuttal to a Muddy Insights short-seller report, confirming it is jointly liable for HK$404.8 million across two Hong Kong High Court judgments.
Enforcement of the judgment and a related Cayman Islands winding-up petition are stayed pending an appeal hearing scheduled for February 2027.
Management disputes the short seller's claims of an imminent endgame, asserting the company is a going concern and will vigorously defend the appeal.
Red flags
- Joint liability for HK$404.8M in court judgments
- Winding-up petition adjourned but pending appeal resolution
- Short-seller report targeting financial position and legal exposure