Troika Media Group announced that it had filed a shelf registration statement on Form S-3 with the 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.
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