---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-008758"
form_type: "8-K"
ticker: null
cik: "0001021096"
company_name: "Troika Media Group, Inc."
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T03:19:54.076179+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Troika Media Group completes asset sale under Chapter 11 for min $83.85M credit bid

## Summary
- Sold substantially all assets to BTC Converge Buyer LLC (affiliate of Blue Torch Finance) for at least $83,849,285.36 in credit bid.
- Consummated on March 1, 2024 after Bankruptcy Court approval on February 7, 2024.
- Company cautions equity holders (common stock and warrants) likely receive no recovery due to senior creditor claims.
- Stock delisted from Nasdaq Dec 18, 2023; now trades OTC under TRKAQ and TRKAWQ.

## SEC filing metadata
- accession: 0001628280-24-008758
- form_type: 8-K
- cik: 0001021096
- company_name: Troika Media Group, Inc.
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 2.01, 1.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1021096/000162828024008758/0001628280-24-008758-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1021096/000162828024008758/trka-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-008758
- JSON: https://secwatch.observer/filing/0001628280-24-008758.json
- Plain text: https://secwatch.observer/filing/0001628280-24-008758.txt

## Key facts
- M&A Transactions
  Troika Media Group, Inc. completed a disposition involving BTC Converge Buyer LLC for aggregate consideration of not less than $83,849,285.36 (closed 2024-03-01).
  - Action: disposition
  - Counterparty: BTC Converge Buyer LLC
  - Consideration: aggregate consideration of not less than $83,849,285.36
  - Closing: 2024-03-01
  source text: ”), providing for the Asset Sale, whereby BTC agreed to purchase the Purchased Assets (as defined in the Asset Purchase Agreement) for aggregate consideration of not less than $83,849,285.36, consisting of (1) a credit bid equal to (x) an amount up to all outstanding obligations under the DIP Credit Facility (as defined in the Asset Purchase Agreement) but not less
  evidence_url: https://www.sec.gov/Archives/edgar/data/1021096/000162828024008758/0001628280-24-008758-index.htm

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