{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-020303","form_type":"8-K","ticker":null,"cik":"0001021096","company_name":"Troika Media Group, Inc.","filed_at":"2023-05-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.630208+00:00","generated_at":"2026-06-14T10:07:44.873715+00:00","sec_items":["3.03","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Troika Media Group implements 1-for-25 reverse stock split to regain Nasdaq compliance","bullets":["Reverse split effective June 1, 2023; every 25 pre-split shares become 1 share.","Authorized common shares reduced from 800M to 32M; outstanding from ~413M to ~16.5M.","CUSIP changes to 89689F404; fractional shares rounded up to whole shares, no cash paid.","Company received delisting notice on May 16 for bid price <$1; appeal hearing pending with Nasdaq.","CEO cites record revenues and profitability since March 2022, aiming to attract institutional investors."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-020303","json":"https://secwatch.observer/filing/0001628280-23-020303.json","markdown":"https://secwatch.observer/filing/0001628280-23-020303.md","text":"https://secwatch.observer/filing/0001628280-23-020303.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1021096/000162828023020303/0001628280-23-020303-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1021096/000162828023020303/trka-20230531.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T10:07:44.873715+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"eb943461157276f4cc8258331e3f8cf5deff406a","claim":"Troika Media Group, Inc.: Approved a 1-for-25 reverse stock split, decreasing authorized common stock from 800,000,000 to 32,000,000 shares and reducing outstanding shares proportionally, effective June 1, 2023 (effective 2023-06-01).","evidence_excerpt":"The Board of Directors of Troika Media Group, Inc., a Nevada corporation (the “ Company ”), has approved a reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.001 per share (the “ Common Stock ”), at a ratio of 1-for-25 (the “ Reverse Stock Split ”). The Company anticipates that the Reverse Stock Split will be effective at 12:01 a.m., Eastern Time, on June 1, 2023 (the “ Effective Date ”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1021096/000162828023020303/0001628280-23-020303-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-06-01"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}