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-265.81%Beta
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May 15, 2024Recent annual earnings:
Sept 29, 2021Next ex-dividend date:
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June 01, 2023Analyst ratings
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Troika Media Group (NASDAQ: TRKA ) reported yesterday that it was notified by Nasdaq that TRKA stock will be suspended and delisted from the exchange on Dec. 18. Troika also disclosed yesterday that it had filed for bankruptcy — and that it had agreed to be acquired by Blue Torch Finance.
Troika Media Group (NASDAQ: TRKA ) stock is taking a beating on Thursday after the company filed for Chapter 11 bankruptcy protection. Troika Media Group notes that this bankruptcy filing is voluntary and was made to allow for a strategic restructuring of the company.
Troika Media Group (NASDAQ: TRKA) the wildly popular penny stock is in its final days after the company filed for bankruptcy protection as I predicted in May. The announcement came a month after the firm issued a going concern warning.
It hasn't exactly been a great year for stockholders of Troika Media (NASDAQ: TRKA ), as shares of the company are down by over 50% year-to-date (YTD). On Nov. 14, Troika warned that it would be late in filing its Form 10-Q, or earnings report, for the period ended Sept.
Troika Media (NASDAQ: TRKA ) stock is taking a beating on Monday after the company released its latest earnings report. That earnings report starts with the company bringing in revenue of $58.7 million for the three months ended June 30, 2023.
Troika Media Group's (NASDAQ: TRKA ) bad week keeps getting worse. A few days ago, former CEO Sadiq (Sid) Toama submitted a letter to Troika's board of directors challenging his recent termination.
Last week, Troika Media (NASDAQ: TRKA ) stock plunged on news of a shift in management. Specifically, the company made the decision to terminate both CEO Sadiq (Sid) Toama and Chief Financial Officer Erica Naidrich after an investigation uncovered evidence of a personal relationship between the two.
Big changes are underway at Troika Media Group (NASDAQ: TRKA ). The global media company has confirmed that it has terminated two of its top executives.
Last month, Troika Media Group (NASDAQ: TRKA ) CEO Sadiq Toama disclosed that he intends to withdraw himself from the complaint against Troika without prejudice. The complaint was filed against Troika and its special purpose acquisition company (SPAC) sponsor, CD Acquisition Corp, by the sellers of Converge Direct.
Troika Media (NASDAQ: TRKA ) stock is on the move today after the company released a litigation update concerning Carrano et al. v. Troika Media Group, Inc. and CD Acquisition Corporation.
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