UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) March 29, 2024


			Former TRKA Media Group, Inc. (f/k/a Troika Media Group, Inc.)
			(Exact name of registrant as speciﬁed in its charter)

Nevada

001-40329

83-0401552

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identiﬁcation No.)

25 W 39th Street New York, NY

10018

(Address of principal executive oﬃces)

(Zip Code)

Registrant’s telephone number, including area code (212) 213-0111

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K ﬁling is intended to simultaneously satisfy the ﬁling obligation of the registrant under any of the following provisions:


o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)(1)	Name of each exchange on which registered
Common Shares $0.001 par value	TRKAQ	N/A
Redeemable Warrants to acquire Common Shares	TRKAWQ	N/A

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


(1)			On December 7, 2023, Troika Media Group, Inc. (the “Company”) received a determination letter from The Nasdaq Stock Market (“Nasdaq”) notifying the Company of its determination that, in accordance with its authority under Nasdaq Listing Rules 5101, 5110(b), and IM-5101-1, the Company’s securities would be suspended from trading. Trading of the Company’s common stock and warrants was suspended at the opening of business on December 18, 2023 and delisted from Nasdaq. On December 18, 2023, the Company’s common stock and warrants began trading on the OTC under the symbols “TRKAQ” and “TRKAWQ”, respectively.

Item 7 1.0103 ~~Regulation~~Bankruptcy FDor ~~Disclosure~~Receivership.

As previously disclosed, on December 7, 2023, the Company and certain of its subsidiaries (collectively, the “Debtors”) filed voluntary petitions under Chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (such court, the “Court” and such cases, the “Cases”).

On March 2928, 2024, the ~~Debtors~~Court ~~filed~~entered ~~monthly~~an ~~operating~~order ~~reports~~(the ~~with~~“Confirmation Order”) confirming the ~~Court~~Findings ~~for~~of ~~the~~Fact, ~~reporting~~Conclusions ~~month~~of ~~ended~~Law ~~February~~and ~~29,~~Order Signed on 3/28/2024, ~~copies~~(I) Confirming Debtors' Joint Chapter 11 Plan of ~~which~~Liquidation ~~are~~for ~~attached~~Troika toMedia ~~this~~Group, ~~Current~~Inc., ~~Report~~et al., (II) Approving the Related Disclosure Statement on ~~Form~~a ~~8-K~~Final Basis and ~~are~~(III) ~~incorporated~~Granting ~~herein~~Related byRelief ~~reference~~dated March 28, 2024 (as amended, modified, or supplemented from time to time, the “Plan”).

InOn ~~accordance~~March ~~with~~29, ~~General~~2024 ~~Instruction~~(the ~~B.2~~“Effective ~~of Form 8-K~~Date”), the ~~information~~Plan inbecame ~~this~~effective ~~Item~~in ~~7.01~~accordance iswith ~~being~~its ~~furnished~~terms. ~~for~~As ~~informational~~of ~~purposes~~the ~~only~~Effective Date, and ~~shall~~in ~~not~~accordance bewith ~~deemed~~the ~~“filed”~~Plan, ~~for~~all ~~purposes~~outstanding shares of ~~Section~~common 18stock of the ~~Exchange~~Company ~~Act,~~(including orshares ~~otherwise subject to the liabilities~~ of ~~that~~common ~~section,~~stock ~~nor~~issuable ~~shall~~under ~~such~~equity ~~information~~awards begranted ~~deemed~~under ~~incorporated~~the byCompany’s ~~reference~~equity inincentive ~~any~~plans) ~~filing~~and ~~under~~warrants ~~the~~exercisable ~~Securities~~for ~~Act~~shares of ~~1933,~~common asstock ~~amended,~~of ~~except~~the asCompany ~~otherwise~~have ~~expressly~~been ~~stated~~canceled inand ~~such~~discharged ~~filing.~~and ~~The~~holders ~~filing~~ of ~~this~~such ~~current~~equity ~~report~~interests ~~(including the Monthly Operating Reports attached hereto)~~ will not bereceive ~~deemed~~or anretain ~~admission as to the materiality of~~ any ~~information~~property ~~required~~on toaccount ~~be disclosed solely by Regulation FD~~thereof.

~~Item 8~~The foregoing description of the Plan and the Confirmation Order is a summary thereof and does not purport to be complete, and is subject to, and qualified in its entirety by reference to, the Plan and Confirmation Order.01 ~~Other~~A ~~Events~~copy of the Confirmation Order (to which the Plan is attached) is attached as Exhibit 99.1 hereto and is incorporated by reference into this Item 1.03.

In lieu of filing Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K under Section 13(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Company has filed, and will continue to file, with the Securities and Exchange Commission’s (the “Commission”), under cover of Current Reports on Form 8-K, copies of the monthly operating reports required to be submitted to the Court in accordance with the procedures outlined in Exchange Act Release No. 9660 (June 30, 1972) (“Release No. 9660”), the Commission’s Staff Legal Bulletin No. 2 (April 15, 1997) and the Commission’s related no-action correspondence. The Company will satisfy all other provisions of the Exchange Act, including filing all Current Reports on Form 8-K (with the exception of the financial information required by Item 93.0103 ofMaterial ~~Form~~Modifications 8-K that would be triggered by a purchase or sale of assets by the Company) and satisfying the proxy, issuer tender offer and going-private provisions. The Current Reports on Form 8-K will include material events relating to the ~~Company’s~~Rights ~~expected winding up and dissolution (including as to whether any liquidation payments will be made to security holders, the amount~~ of ~~any~~Security ~~liquidation payments and the amount of any expenses incurred)~~Holders. ~~The Company believes that this modified reporting program is consistent with the protection of its investors as set forth in Release No. 9660.~~

~~Cautionary~~The ~~Note~~disclosure ~~Regarding~~under ~~the~~Item ~~Monthly~~1.03 ~~Operating~~of ~~Reports~~this Current Report is incorporated herein by reference.

~~The~~Item Company cautions investors and potential investors not to place undue reliance upon the information contained in the Monthly Operating Reports, which were not prepared for the purpose of providing the basis for an investment decision relating to the Company’s securities5.01 ~~The~~Changes ~~Monthly Operating Reports are limited~~ in ~~scope~~Control ~~and have been prepared solely for the purpose~~ of ~~complying with requirements of the Federal Rules of Bankruptcy Procedure applicable to the Cases~~Registrant. The Monthly Operating Reports were not reviewed by independent accountants, are in a format prescribed by applicable bankruptcy laws, and are subject to future adjustment. The financial information in the Monthly Operating Reports are not prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and, therefore, may exclude items required by GAAP, such as certain reclassifications, eliminations, accruals, valuations and disclosures. The Monthly Operating Reports also relate to periods that are different from the historical periods required in the Company’s reports pursuant to the Securities Act of 1933, as amended, or the Exchange Act.

~~Cautionary~~The ~~Statements~~disclosure ~~Regarding~~under ~~Trading~~Item in1.03 ~~the~~of ~~Company’s~~this ~~Securities~~Current Report is incorporated herein by reference.

~~THE~~Item ~~COMPANY'S SECURITYHOLERS ARE CAUTIONED THAT TRADING IN THE COMPANY'S SECURITIES DURING THE PENDENCY OF THE CASES IS HIGHLY SPECULATIVE AND POSES SUBSTANTIAL RISKS~~5.02 ~~HOLDERS~~Departure OFof ~~THE~~Directors ~~COMPANY'S~~and ~~COMMON~~Certain ~~STOCK~~Officers; ORElection ~~OTHER~~of ~~EQUITY~~Directors; ~~SECURITIES~~Appointment ~~WILL~~of ~~NOT~~Certain ~~RECEIVE~~Officers; ~~ANY~~Compensatory ~~PAYMENT~~Arrangements ORof ~~OTHER~~Certain ~~DISTRIBUTION IN CONNECTION WITH THE ANTICIPATED LIQUIDATION OF THE DEBTORS~~Officers. ~~ACCORDINGLY, THE COMPANY URGES EXTREME CAUTION WITH RESPECT TO EXISTING AND FUTURE INVESTMENTS IN ITS SECURITIES.~~

In connection with the effectiveness of the Plan, the directors and officers of the Company have been discharged from their duties and terminated.

Item 8.01 Other Events.

Following the effectiveness of the Plan and the cancellation of all of its outstanding shares of common stock, the Company intends to file post-effective amendments to its Registration Statements on Form S-3 and Form S-8 and a Form 15 with the Securities and Exchange Commission to deregister its securities under Section 12(g) of the Securities Exchange Act of 1934, as amended (“Exchange Act”), and suspend its reporting obligations under Section 15(d) of the Exchange Act.

Cautionary Note Regarding Forward-Looking Statements

This Form 8-K includes statements that are, or may be deemed, “forward-looking statements.” In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should,” “approximately” or, in each case, their negative or other variations thereon or comparable terminology, although not all forward-looking statements contain these words. These forward-looking statements reflect the current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity and the development of the industry in which we operate may differ materially from the forward-looking statements contained herein. Any forward-looking statements that we make in this Form 8-K speak only as of the date of such statement, and we undertake no obligation to update such statements to reflect events or circumstances after the date of this Form 8-K or to reflect the occurrence of unanticipated events. The Company’s forward-looking statements in this Form 8-K include, but are not limited to, statements about the Company’s ~~anticipated~~plans ~~liquidation~~to sell its assets pursuant to Chapter 11 of the Bankruptcy Code and ~~that~~the notiming ~~distributions~~of ~~are~~such ~~expected~~sales and ability to besatisfy ~~made~~closing toconditions; the ~~Company’s~~lack of distributions to equity securityholders in ~~connection~~the ~~with~~Cases; and other statements regarding the ~~liquidation~~Company’s strategy and future operations, ~~the~~performance ~~Cases~~and orprospects ~~otherwise~~among others. These forward-looking statements are based on current expectations and beliefs concerning future developments and their potential effects. There can be no assurance that future developments affecting the Company will be those anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the Company’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the risks associated with the potential adverse impact of the Chapter 11 filings on the Company’s liquidity and results of operations; changes in the Company’s ability to meet its financial obligations during the Chapter 11 process and to maintain contracts that are critical to its operations; the outcome and timing of the Chapter 11 process and any potential asset sale; the effect of the Chapter 11 filings and any potential asset sale on the Company’s relationships with vendors, regulatory authorities, employees and other third parties; possible proceedings that may be brought by third parties in connection with the Chapter 11 process or the potential asset sale; uncertainty regarding obtaining Court approval of a sale of the Company’s assets or other conditions to the potential asset sale; and the timing or amount of any distributions, if any, to the Company’s stakeholders.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d) Exhibits:

Exhibit No.						Description
99.1						~~Former~~Findings ~~TRKA~~of ~~Media Group~~Fact, ~~Inc.~~Conclusions of Law and Order Signed on 3/28/2024 (~~formerly~~I) ~~known~~Confirming asDebtors' Joint Chapter 11 Plan of Liquidation for Troika Media Group, Inc.), ~~Monthly~~et ~~Operating Report~~al., ~~dated~~(II) ~~March~~Approving ~~29,~~the ~~2024~~Related Disclosure Statement on a Final Basis and (III) Granting Related Relief.
99.2						Former CNVG Direct, LLC (formerly known as Converge Direct, LLC), Monthly Operating Report, dated March 29, 2024
99.3						Former CNVG Direct Interactive, LLC (formerly known as Converge Direct Interactive, LLC), Monthly Operating Report, dated March 29, 2024
99.4						CD Acquisition Corp., Monthly Operating Report, dated March 29, 2024
99.5						Former LCNA Ventures, LLC (formerly known as Lacuna Ventures, LLC), Monthly Operating Report, dated March 29, 2024.
99.6						Mission Media USA, Inc., Monthly Operating Report, dated March 29, 2024.
99.7						Mission Culture LLC, Monthly Operating Report, dated March 29, 2024.
99.8						Former TRKA Design Group, Inc. (formerly known as Troika Design Group, Inc.), Monthly Operating Report, dated March 29, 2024.
99.9						Former TRKA IO, Inc. (formerly known as Troika IO, Inc.), Monthly Operating Report, dated March 29, 2024.
99.10						Former TRKA Mission Worldwide, Inc. (formerly known as Troika Mission Worldwide, Inc.) Monthly Operating Report, dated March 29, 2024.
99.11						Former TRKA Production Group, LLC (formerly known as Troika Production Group, LLC), Monthly Operating Report, dated March 29, 2024.
99.12						Former TRKA Services, Inc. (formerly known as Troika Services, Inc.), Monthly Operating Report, dated March 29, 2024.
99.13						Former TRKA-Mission Holdings, Inc. (formerly known as Troika-Mission Holdings, Inc.), Monthly Operating Report, dated March 29, 2024.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Former TRKA Media Group, Inc.
	(Registrant)
Date: March 29, 2024	By:	/s/ Derek McKinney
Date: April 1, 2024	By:	/s/ Derek McKinney
		(Signature)
		Derek McKinneyGeneral Counsel and Corporate Secretary

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