UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATIONSale and Purchase Agreement • September 26th, 2024 • Troops, Inc. /Cayman Islands/ • Miscellaneous business credit institution
On May 9, 2024, TROOPS, Inc. (the “Company”, the “Registrant”, the “Purchaser”), entered into a Sale and Purchase Agreement with LIANTENG Limited (“LIANTENG”, the “Vendor”) for the purchase and sale of Riches Holdings Limited (“RHL”, the “Target Company”) (the “Agreement”). Pursuant to the Agreement, the Company acquired all of the issued and outstanding capital stock of RHL, a private company incorporated in the Cayman Islands, from its sole legal and beneficial owner – LIANTENG at a consideration of US$13.4 million, which shall be satisfied by the Company through the issuance of a convertible note (the “Acquisition”).
