TROOPS to acquire 49% stake in Y Concept Holding Limited.

TROOPS, Inc. is acquiring a 49% equity interest in Y Concept Holding Limited, the parent company of The Cara Hotel, a co-living and co-working space in Malaysia. The acquisition is structured through convertible notes issued by TROOPS, valued at 80% of the lower of the closing share price on the date of signing or the average closing share price over the prior 60 trading days.