NEW
YORK, Nov. 27, 2023 /PRNewswire/ -- Troika Media
Group, Inc. (Nasdaq: TRKA) ("TMG"), a consumer engagement and
customer acquisition group, today announced that it received a
delinquency notification letter from Nasdaq on November 17, 2023 stating that the Company was
not in compliance with Nasdaq Listing Rule 5250(c)(1) because it
had not timely filed its Quarterly Report on Form 10-Q for the
quarter ended September 30, 2023 (the "Form 10-Q"). Nasdaq has
informed the Company that the Company must submit a plan of
compliance (the "Plan") within sixty (60) days addressing how it
intends to regain compliance with Nasdaq's listing rules or
otherwise file the Form 10-Q before the expiration of such sixty
(60) day period. The Company will continue to work diligently
to complete and file its Form 10-Q as soon as practicable and, if
applicable, will work diligently to submit the Plan promptly and
take the necessary steps to regain compliance as soon as
practicable.
About Troika Media Group
TMG is a consumer engagement and customer acquisition consulting
and solutions group based in New
York. 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. 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 Annual Report on Form
10-K. 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.
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SOURCE Troika Media Group
