Troika Media Group Inc. Announces Strategic Chapter 11 Filing and Sale to Blue Torch

Provided By PR Newswire

Last update: Dec 7, 2023

NEW YORK, Dec. 7, 2023 /PRNewswire/ -- Troika Media Group, Inc. (Nasdaq: TRKA) ("Troika" or the "Company"), a consumer engagement and customer acquisition group, has announced that it has entered into a restructuring support agreement with certain funds managed by Blue Torch Finance LLC ("Blue Torch"), the Company's senior secured lenders, pursuant to which Blue Torch would acquire substantially all of the assets of the Company via a stalking horse credit bid.