secwatch.observer — SEC 8-K summary
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Issuer:     Troika Media Group, Inc. (—)
CIK:        0001021096
Form:       8-K
Filed at:   2023-05-31T23:59:59+00:00
Accession:  0001628280-23-020303
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021096/000162828023020303/0001628280-23-020303-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021096/000162828023020303/trka-20230531.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-020303

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