Troika Media falls as Nasdaq issues delisting notice
18/05/2023 14:04
** Shares of consumer engagement company Troika Media Group
Inc TRKA.O fall 11.9% to $0.196 in premarket trading
** Co receives notice from Nasdaq to delist its securities
as TRKA stock closed below $1 on average over a consecutive
30-day trading period
** Co says will request a hearing before Nasdaq for
continued listing
** To regain compliance, it intends to conduct a reverse
stock split as soon as reasonably practicable
** Co to announce details of the reverse stock split in the
coming days
** Including session's losses, stock has risen 92.84% YTD
(Reporting by Sruthi Narasimha Chari in Bengaluru)
((Sruthinarasimha.chari@thomsonreuters.com))
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