# EDGAR Filing Document

**Accession Number:** 0001412095
**File Stem:** 0001104659-23-028790
**Filing Date:** 2023-3
**Character Count:** 4387
**Document Hash:** 6e11a37c2106618a85ca864f9fab0dd7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-028790.hdr.sgml**: 20230306

**ACCESSION NUMBER**: 0001104659-23-028790

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230306

**FILED AS OF DATE**: 20230306

**DATE AS OF CHANGE**: 20230306

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Troops, Inc. /Cayman Islands/
- **CENTRAL INDEX KEY:** 0001412095
- **STANDARD INDUSTRIAL CLASSIFICATION:** RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35016
- **FILM NUMBER:** 23707594

**BUSINESS ADDRESS:**
- **STREET 1:** 21/F, 8 FUI YIU KOK STREET
- **STREET 2:** TSUEN WAN
- **CITY:** NEW TERRITORIES HONG KONG
- **STATE:** F4
- **ZIP:** 00000
- **BUSINESS PHONE:** 852 2153 3957

**MAIL ADDRESS:**
- **STREET 1:** 21/F, 8 FUI YIU KOK STREET
- **STREET 2:** TSUEN WAN
- **CITY:** NEW TERRITORIES HONG KONG
- **STATE:** F4
- **ZIP:** 00000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TROO, Inc.
- **DATE OF NAME CHANGE:** 20211117

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SGOCO Group, Ltd.
- **DATE OF NAME CHANGE:** 20110105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SGOCO Technology, Ltd.
- **DATE OF NAME CHANGE:** 20100527

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D. C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

**Pursuant to Rule 13** **a-16 or 15d-16 under the<br> Securities Exchange Act of 1934**

For the month of March 2023

Commission File Number: 001-35016

**TROOPS, Inc.**

**21/F, 8 Fui Yiu Kok Street, Tsuen Wan, New Territories, Hong Kong**

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ⌧ Form 40-F ◻

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ◻

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ◻

**<u>Legal Proceedings</u>**

As previously disclosed on August 22, 2022, on August 9, 2022, certain subsidiaries of TROOPS, Inc. (the "Company"), including First Asia Finance Limited, SGOCO International (HK) Limited, and Suns Tower Limited (the "Subsidiaries") were included amongst other Defendants and served with a writ of summons in Hong Kong (HCA 938 of 2022) and received injunctions dated August 5, 2022, issued by the High Court of the Hong Kong Special Administrative Region Court of First Instance in connection with the writ of summons. Pursuant to the injunctions, the Company, the Subsidiaries, and Giant Connection Limited, a wholly-owned subsidiary of the Company, cannot remove any of its assets which are within Hong Kong and cannot dispose of or deal with or diminish the value of any of its assets within Hong Kong up to certain amounts.

On January 26, 2023, the counsel for the Company and the Subsidiaries received a statement of claim under the above proceedings, whereby the plaintiffs' alleged claims included unlawful means of conspiracy and other claims. The plaintiffs sought relief including damages and equitable compensation, among others.

On August 26, 2022, the Company applied for a discharge of the injunction, and a hearing date has been set for May 4, 2023. The Company is also preparing an application for a security for costs, and as of the date of this report, no hearing date has been set. The Company believes the lawsuit is without merit and intends to defend the case vigorously. As of the date of this report, the Company is unable to estimate a range of loss, if any, that could result were there to be an adverse final decision in this case.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **TROOPS, Inc.** | **TROOPS, Inc.** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date: March 6, 2023 | By: | /s/ Raleigh Siu Lau |
|  |  | Raleigh Siu Lau |
|  |  | President and Chief Executive Officer |

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