---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-018843"
form_type: "8-K"
ticker: null
cik: "0001021096"
company_name: "Troika Media Group, Inc."
filed_at: "2023-05-18T23:59:59+00:00"
generated_at: "2026-06-14T20:38:37.246146+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Troika Media receives Nasdaq delisting notice; plans reverse stock split appeal

## Summary
- Received Staff Delisting Determination on May 16, 2023 for failing minimum $1.00 bid price for 30 consecutive days.
- Will request a Nasdaq Hearing within 30-45 days; hearing request stays delisting pending Panel decision.
- Intends to conduct a reverse stock split as soon as practicable; Series E Preferred restrictions ended March 31, 2023.
- Working with Jefferies to optimize balance sheet, reduce debt service, and evaluate strategic transactions.
- No assurance Panel will grant continued listing or that reverse split will close.

## SEC filing metadata
- accession: 0001628280-23-018843
- form_type: 8-K
- cik: 0001021096
- company_name: Troika Media Group, Inc.
- filed_at: 2023-05-18T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1021096/000162828023018843/0001628280-23-018843-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1021096/000162828023018843/trka-20230516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-018843
- JSON: https://secwatch.observer/filing/0001628280-23-018843.json
- Plain text: https://secwatch.observer/filing/0001628280-23-018843.txt

## Key facts
- Listing & Compliance Notices
  Troika Media Group, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2)).
  - Exchange: nasdaq
  - Notice: delisting notice
  - Deficiency: minimum bid price
  - Rules: 5550(a)(2)
  source text: May 16, 2023, Troika Media Group, Inc. (the “Company”) received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department of the Nasdaq Stock Market, LLC (“Nasdaq”). The Company was notified that Nasdaq has determined to delist the Company’s securities from the Nasdaq Capital Market for failure to maintain a minimum bid price of $1.00 per share for thirty (30) consecutive business days in accordance with Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”). The Company intends to appeal the Staff’s determination by requesting a hearing (the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1021096/000162828023018843/0001628280-23-018843-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.