Equity transactions |
12 Months Ended |
|---|---|
Dec. 31, 2024 | |
| Equity transactions | |
| Equity transactions | Note 12 - Equity transactions Preferred stock On January 29, 2008, the Company amended its articles of association and authorized 1,000,000 preferred shares. On June 26, 2018, the shareholders of the Company approved to increase authorized preferred shares to 10,000,000. No preferred shares were issued or registered in the IPO. There were no preferred shares issued and outstanding as of December 31, 2024 and 2023. Issuance of capital stock 2024 On May 31, 2024, TROOPS completed the acquisition of Riches Holdings contemplated by the sale and purchase Agreement entered into by and between the parties in consideration for $13.4 million. The Company received two sets of notices of conversion dated 9 and 10 December 2024 respectively in accordance with the promissory note electing to fully convert the principal under the promissory note into the number of ordinary shares of US$0.004 each as stated in the Notices, which was satisfied by the allotment and issuance of 10,912,168 ordinary shares of the Company. 2023 None. 2022 None. |