other material
confidence high
sentiment negative
materiality 0.90
Troika Media Group, Inc.: going-concern / distress — Troika Media Group Chapter 11 plan effective; all equity interests canceled
Troika Media Group, Inc.
- Bankruptcy court confirmed liquidation plan on Mar 28; plan effective Mar 29, 2024.
- All outstanding common stock and warrants canceled; holders receive no distribution.
- Directors and officers discharged and terminated as of the effective date.
- Company will file Form 15 to deregister its securities and suspend SEC reporting.
- Case jointly administered under No. 23-11969 (DSJ) in S.D.N.Y.