other material
confidence high
sentiment negative
materiality 0.90
Troika Media Group, Inc.: Nasdaq/NYSE listing notice — Troika Media Group receives Nasdaq delisting notice; trading suspended Dec 18, 2023
Troika Media Group, Inc.
- Nasdaq delisting based on Chapter 11 filing, public interest concerns, and failure to file Form 10-Q for Sept 30, 2023.
- Company does not intend to appeal; trading suspension expected at open on December 18, 2023.
- Equity holders warned they are unlikely to receive any distribution given senior creditor claims.
- Nasdaq cited residual equity interest concerns and ability to sustain listing compliance.