Troika Media Group Inc. Files Form S-3 Shelf Registration Statement

Rhea-AI Summary

Troika Media Group, Inc. (Nasdaq: TRKA) announced the filing of a shelf registration statement on Form S-3 with the SEC on April 7, 2023. This filing aligns with the company's ongoing process to optimize its balance sheet and address legacy capital structure issues, including senior secured debt. The registration is intended to provide the company with strategic alternatives during this optimization process. However, securities cannot be sold under this registration until it becomes effective, and there's no guarantee regarding the timing of this event. Historically, the company has focused on creating consumer engagement and performance-driven revenue growth through technology.

Positive

• Filed a shelf registration statement to explore strategic alternatives.
• Aims to optimize balance sheet and address legacy capital structure.

Negative

• No assurance on the effectiveness or timing of the registration statement.
• Reliance on forward-looking statements poses risks and uncertainties.

NEW YORK, April 11, 2023 /PRNewswire/ -- Troika Media Group, Inc. (Nasdaq: TRKA) ("TMG" or the "Company"), a consumer engagement and customer acquisition group, announced that it had filed a shelf registration statement on Form S-3 (the "Registration Statement") with the Securities and Exchange Commission ("SEC") on April 7, 2023. The Company had previously announced on February 22, 2023, a process to optimize the Company's balance sheet and address its legacy capital structure, including its senior secured debt and to explore strategic alternatives. The Company filed the Registration Statement at this time to provide it with complementary alternatives in connection with that process. The Company may not sell securities pursuant to the Registration Statement until it is declared effective by the SEC, and there can be no assurance as to whether or when such event will occur. 

TMG is a professional services company that architects and builds enterprise value in consumer brands to generate scalable, performance- driven revenue growth. The Company delivers three solutions pillars: TMG CREATES brands and experiences and CONNECTS consumers through emerging technology products and ecosystems to deliver PERFORMANCE based measurable business outcomes.

About Troika Media Group 

TMG is a consumer engagement and customer acquisition consulting and solutions group based in New York and Los Angeles. We deliver resilient brand equity, amplifying brands through emerging technology to deliver performance driven business growth. TMG's expertise is in large consumer sectors including Insurance, Financial Services, Home Improvement, Residential Services, Legal, Professional Services, Media and Entertainment. For more information, visit www.thetmgrp.com.

Forward-Looking Statements

This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements about future growth and growth rates and other information regarding future performance and strategies and appear throughout this press release. These forward-looking statements include, without limitation, statements about future growth and growth rates and other information regarding future performance and strategies and appear throughout this press release. Investors are cautioned that any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments or events may differ materially from those in the forward- looking statements as a result of various factors, including financial community perceptions of the Company and its business, operations, financial condition and the industries in which it operates, the impact of the COVID-19 pandemic and the factors described in the Company's filings with the Securities and Exchange Commission, including the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Transition Report on Form 10-K/T. The Company disclaims any obligation to update any forward-looking statements contained herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date hereof.

Investor Relations Contact:

Sid Toama
President and Chief Executive Officer
Troika Media Group, Inc.
Investorrelations@troikamedia.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/troika-media-group-inc-files-form-s-3-shelf-registration-statement-301794278.html

SOURCE Troika Media Group, Inc.

FAQ

What is the purpose of Troika Media Group's shelf registration statement?

The shelf registration statement aims to provide Troika Media Group with strategic alternatives while optimizing its balance sheet and addressing legacy capital structure.

When did Troika Media Group file the Form S-3 with the SEC?

Troika Media Group filed the Form S-3 registration statement with the SEC on April 7, 2023.

What risks are associated with Troika Media Group's forward-looking statements?

The forward-looking statements involve risks and uncertainties, including financial community perceptions and potential impacts from factors like the COVID-19 pandemic.

Can Troika Media Group sell securities immediately after filing the registration statement?

No, Troika Media Group cannot sell securities until the registration statement is declared effective by the SEC.