Troika Media says Nasdaq determines delisting of securities
Michael M. Santiago
- Troika Media Group (NASDAQ:TRKA) said on Thursday that Nasdaq has determined that the securities of the consumer engagement and customer acquisition solutions company will be delisted.
- The determination was made because the company failed to maintain a minimum bid price of $1.00 per share for thirty consecutive business days.
- The company intends to appeal the determination by requesting a hearing before Nasdaq Hearings Panel.
- In order to regain compliance with the stock exchange's requirements, the company intends to conduct a reverse stock split.
- TRKA shares were trading -16.76% pre-market.
- Source: Press Release