QualityStocksNewsBreaks – Troika Media Group Inc. (NASDAQ: TRKA) Announces $50M Private Placement
Troika Media Group (NASDAQ: TRKA) (“TMG”), a brand consultancy and marketing innovations company that provides integrated branding and marketing solutions for global brands, recently announced its entry into a securities purchase agreement with certain institutional investors to purchase $50 million worth of its Series E convertible preferred stock and warrants in a private placement. Under the terms, TMG agreed to sell 500,000 shares of its Series E preferred stock and warrants to purchase up to 33,333,333 shares of the company’s common stock. Each share of the Series E preferred stock will have a stated value of $100 and be convertible…
