Troika Media Group, Inc. (TRKA) Prices 5.78M Share IPO at $4.15/Sh

Troika Media Group, Inc. (NASDAQ: TRKA), a brand identity and communications agency that provides integrated branding and advertising solutions for global brands, primarily in entertainment and sports, today announced the pricing of an underwritten initial public offering of 5,783,133 shares of common stock and warrants to purchase 5,783,133 shares of common stock at a public offering price of $4.15 per share for aggregate gross proceeds of approximately $24.0 million prior to deducting underwriting discounts, commissions, and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 867,469 shares (and warrants) at the public offering price less the underwriting discounts and commissions. TMG intends to use the net proceeds of the offering for acquisitions, general corporate purposes and debt repayments. The offering is expected to close on or around April 22, 2021, subject to satisfaction of customary closing conditions.

The Company has received approval to list its common stock and warrants on the Nasdaq Capital Market, with its common stock trading under the symbol “TRKA” and the warrants trading under the symbol “TRKAW”, with trading expected to begin on April 20, 2021. Each warrant is exercisable for one share of common stock at an exercise price of $4.98 per share and will expire five years from issuance.

Kingswood Capital Markets, division of Benchmark Investments, Inc., is acting as sole book-running manager for the offering. WestPark Capital, Inc. is acting as co-manager.

The Securities and Exchange Commission ("SEC") declared effective a registration statement on Form S-1 relating to these securities on April 19, 2021. A final prospectus relating to this offering will be filed with the SEC.

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