# EDGAR Filing Document

**Accession Number:** 0001412095
**File Stem:** 0001104659-25-084341
**Filing Date:** 2025-8
**Character Count:** 6985
**Document Hash:** c304d663e4c9933627d00d1b5a4db827
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-084341.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001104659-25-084341

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250828

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Troops, Inc. /Cayman Islands/
- **CENTRAL INDEX KEY:** 0001412095
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 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:** 251267799

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** UNIT A, 18/F, 8 FUI YIU KOK STREET,
- **STREET 2:** TSUEN WAN
- **CITY:** NEW TERRITORIES HONG KONG
- **PROVINCE COUNTRY:** F4
- **BUSINESS PHONE:** 852 2153 3957

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** UNIT A, 18/F, 8 FUI YIU KOK STREET,
- **STREET 2:** TSUEN WAN
- **CITY:** NEW TERRITORIES HONG KONG
- **PROVINCE COUNTRY:** F4

**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 August 2025

Commission File Number: 001-35016

**TROOPS, Inc.**

**Unit A, 18/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 - Winding Up Petition</u>**

As previously disclosed, on June 23, 2025, a judgement (the "Judgement") issued by the High Court of Hong Kong Special Administrative Region Court of First Instance in connection with the action no. HCA 938/2022 was filed, whereby it was ordered, amongst others, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) TROOPS, Inc. (the "Company") and the subsidiaries, SGOCO International
(HK) Limited and Giant Connection Limited, amongst other defendants, are jointly and severally liable for payment of $163,400,000 Hong
Kong Dollars; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Company and the subsidiary, SGOCO International (HK) Limited, amongst other
defendants, are jointly and severally liable for payment of $241,400,000 Hong Kong Dollars.

On August 20, 2025, the Company received a winding up petition dated July 24, 2025 (the "Petition"), filed by Real Estate and Finance Fund (in Liquidation) (the "Petitioner") with the Grand Court of the Cayman Islands. The Petitioner sets out in the Petition that the Company is insolvent and unable to pay its debts to the Petitioner as a result of the Judgement, or in the alternative, the winding up of the Company on just and equitable grounds. The hearing of the Petition will take place on October 9, 2025.

The Company is looking into legal avenues and options including an application to the High Court of the Hong Kong Special Administrative Region and the Grand Court of the Cayman Islands for appeal and stay of execution in regards to the Petition, in order to protect the interest of the Company's shareholders.

**<u>Safe Harbor and Informational Statement</u>**

This announcement contains "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words "believe," "expect," "anticipate," "future," "will," "intend," "plan," "estimate" or similar expressions, are "forward-looking statements". Forward-looking statements in this release include, without limitation, the effectiveness of the Company's multiple-brand, multiple channel strategy and the transitioning of its product development and sales focus and to a "light-asset" model, Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. These forward-looking statements can change as a result of many possible events or factors not all of which are known to the Company, which may include, without limitation, our ability to have effective internal control over financial reporting; our success in designing and distributing products under brands licensed from others; management of sales trend and client mix; possibility of securing loans and other financing without efficient fixed assets as collaterals; changes in government policy in China; China's overall economic conditions and local market economic conditions; our ability to expand through strategic acquisitions and establishment of new locations; compliance with government regulations; legislation or regulatory environments; geopolitical events, and other events and/or risks outlined in TROOPS' filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F and other filings. All information provided in this press release and in the attachments is as of the date of the issuance, and TROOPS does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

**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: August 28, 2025 | By: | */s/ Damian Thurnheer* |
|  | Damian Thurnheer | Damian Thurnheer |
|  | President and Chief Executive Officer | President and Chief Executive Officer |

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