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Published on 12/6/2023 in the Prospect News Distressed Debt Daily and Prospect News Private Placement Daily.

Troika Media extends outside date on waiver two additional days

Chicago, Dec. 6 – Troika Media Group, Inc. extended the outside date through Dec. 6 on its limited waiver with Blue Torch Finance LLC, according to an 8-K filing with the Securities and Exchange Commission.

The outside date was established to give the company time to obtain regulatory or shareholder approval if it is pursuing a sale transaction.

The outside date waiver has been extended many times.

The waiver waives defaults under a financing agreement.

As of Dec. 1, the outstanding balance on the financing agreement was $80,555,168.63.

Troika is a brand consultancy and marketing company based in New York.


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