Nasdaq-listed TROOPS to merge with Wozniak-founded Efforce in $40M stock deal

Nasdaq-listed TROOPS will acquire and merge with Efforce, a blockchain-based energy efficiency platform founded in 2020 by Apple co-founder Steve Wozniak, through a stock-for-stock transaction with a minimum deal value of $40 million. TROOPS, which has been exploring an expansion into digital asset infrastructure and cryptocurrency trading, plans to integrate Efforce’s blockchain and green sustainability technology into its own financial and technology infrastructure through the merger. Wozniak will remain a major Efforce shareholder after the deal.