Nasdaq-Listed TROOPS Agrees to EFFORCE Deal Valued at $40M

Nasdaq-listed TROOPS (NASDAQ: TROO) has agreed to combine with EFFORCE Group in an all-share transaction described as having a minimum value of $40 million. The proposed deal would bring together TROOPS’ financial technology operations and EFFORCE’s blockchain-based energy-efficiency platform, as the company pursues digital asset infrastructure, crypto trading and sustainability-related businesses. Apple co-founder Steve Wozniak, who co-founded EFFORCE in 2020, will remain a shareholder. TROOPS announced on October 12 that it had entered into a conditional sales and purchase agreement with EFFORCE Group.