secwatch.observer — SEC 8-K summary
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Issuer:     Troika Media Group, Inc. (—)
CIK:        0001021096
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0001628280-24-008758
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 2.01, 1.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1021096/000162828024008758/0001628280-24-008758-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1021096/000162828024008758/trka-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-008758

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