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
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SOURCE Troika Media Group, Inc.