secwatch.observer — SEC 8-K summary
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Issuer:     Troika Media Group, Inc. (—)
CIK:        0001021096
Form:       8-K
Filed at:   2023-11-20T23:59:59+00:00
Accession:  0001628280-23-039638
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Troika receives Nasdaq delisting notice for late 10-Q; debt waiver extended to Nov 29
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- Nasdaq notified Troika on Nov 17, 2023 of non-compliance for failure to file Q3 10-Q; 60 days to submit compliance plan.
- Blue Torch extended the limited waiver of debt covenant defaults from Nov 17 to Nov 29, 2023 (sixth amendment).
- Company acknowledges failure to make September 2023 P&I payment; aggregate debt principal $78.5M as of Sept 29.
- If no further waiver, lenders can exercise remedies under the Financing Agreement.
- Troika stock (TRKA) and warrants (TRKAW) trade on Nasdaq Capital Market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021096/000162828023039638/0001628280-23-039638-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021096/000162828023039638/trka-20231117.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-039638

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