TROOPS shares surge 10.29% intraday after agreeing $1.2645M private placement with Wang & Lee Holdings and 10-year lockup.

TROOPS surged 10.29% intraday, driven by the company's announcement of a 10.29% intraday surge, driven by the company's announcement of a stock purchase agreement dated May 28, 2025, with shareholder Wang & Lee Holdings to issue 14.05 million shares at $0.90 per share, raising $12.645 million. Both parties also signed a 10-year lock-up agreement, under which the shareholder pledged not to transfer their shares during the lock-up period, reducing pressure from increased share circulation.