TROOPS signs $40M all-share deal to merge with EFFORCE
- —Deal valued at a reported $40 million, paid entirely in TROOPS shares
- —TROOPS reported $17.1 million in fiscal 2025 revenue
- —EFFORCE was co-founded in 2020 with Steve Wozniak
- —Merger still requires regulatory approvals and customary closing conditions
Why it matters: The all-share structure risks diluting existing TROOPS shareholders, and EFFORCE's financials were not disclosed.
Source: Crypto Briefing