---
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"
generated_at: "2026-06-14T10:07:44.873715+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Troika Media Group implements 1-for-25 reverse stock split to regain Nasdaq compliance

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-020303
- form_type: 8-K
- cik: 0001021096
- company_name: Troika Media Group, Inc.
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-020303
- JSON: https://secwatch.observer/filing/0001628280-23-020303.json
- Plain text: https://secwatch.observer/filing/0001628280-23-020303.txt

## Key facts
- Governance Changes
  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).
  - Change: charter amendment
  - Effective: 2023-06-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1021096/000162828023020303/0001628280-23-020303-index.htm

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