{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-040998","form_type":"8-K","ticker":null,"cik":"0001021096","company_name":"Troika Media Group, Inc.","filed_at":"2023-12-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.907407+00:00","generated_at":"2026-06-07T15:58:32.731102+00:00","sec_items":["1.01","1.03","2.03","2.04","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Troika Media files Chapter 11, enters stalking horse asset sale to Blue Torch Finance","bullets":["Filed Chapter 11 on Dec 7, 2023 in SDNY; will operate as debtor-in-possession.","Stalking horse credit bid: at least $11M DIP obligations + at least $40M prepetition loan claims by Blue Torch.","DIP financing up to $11M committed by Blue Torch to fund operations through sale process.","2023 annual meeting canceled; Company warns equity holders likely receive no recovery.","Sale process via court-supervised auction expected to conclude in a few months; Converge leaders Carrano and Terry to remain."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-040998","json":"https://secwatch.observer/filing/0001628280-23-040998.json","markdown":"https://secwatch.observer/filing/0001628280-23-040998.md","text":"https://secwatch.observer/filing/0001628280-23-040998.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1021096/000162828023040998/0001628280-23-040998-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1021096/000162828023040998/trka-20231207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T15:58:32.731102+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":"7cc9a3b914a5ee5e125a26307b79bb76f21e5bca","claim":"Troika Media Group, Inc. incurred term loan of $11,000,000 with Blue Torch Finance LLC.","evidence_excerpt":"the DIP Lenders provided the Debtors with a senior secured, superpriority debtor-in-possession term loan facility in the maximum aggregate amount of $11,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1021096/000162828023040998/0001628280-23-040998-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$11,000,000"},{"label":"Counterparty","value":"Blue Torch Finance LLC"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"cefe62c077467f0c13d8aeb85a3269fa06d8af77","claim":"Troika Media Group, Inc. faced acceleration on credit facility of $71,718,750 with Blue Torch Finance LLC.","evidence_excerpt":"thereto and Blue Torch Finance LLC, as administrative agent and collateral agent. As of December 1, 2023, the outstanding principal amount under the Financing Agreement was $71,718,750. The Financing Agreement provides that upon the filing of the Bankruptcy Petitions, the outstanding principal and all accrued and unpaid interest under the Financing Agreement","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1021096/000162828023040998/0001628280-23-040998-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$71,718,750"},{"label":"Counterparty","value":"Blue Torch Finance LLC"},{"label":"Event","value":"acceleration"}],"fact_type":"debt_financing"},{"claim_id":"1290eff79135608bfd54d08725767d1ea95dea09","claim":"Troika Media Group, Inc. entered chapter 11 in United States Bankruptcy Court for the Southern District of New York (petition 2023-12-07).","evidence_excerpt":"each filed a voluntary petition for relief (the “ Bankruptcy Petitions ”) under chapter 11 of the United States Bankruptcy Code","evidence_source":"SEC 8-K Item 1.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1021096/000162828023040998/0001628280-23-040998-index.htm","confidence":0.9,"family_label":"Distress & Bankruptcy","details":[{"label":"Proceeding","value":"chapter 11"},{"label":"Court","value":"United States Bankruptcy Court for the Southern District of New York"},{"label":"Petition","value":"2023-12-07"}],"fact_type":"distress_event"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}