secwatch.observer — SEC 8-K summary
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Issuer:     Troika Media Group, Inc. (—)
CIK:        0001021096
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001628280-23-018843
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021096/000162828023018843/0001628280-23-018843-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021096/000162828023018843/trka-20230516.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-018843

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