Notification That Annual Report Will Be Submitted Late (nt 10-k)
September 29 2021 - 06:05AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM
12b-25
NOTIFICATION OF LATE FILING
SEC File Number: 001-40329
CUSIP Number: 89689F305
(Check one:)
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☒ Form 10-K
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☐ Form 20-F
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☐ Form 11-K
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☐ Form 10-Q
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☐ Form
10-D
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☐ Form N-SAR
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☐ Form N-CSR
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For Period Ended: June 30,
2021
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☐ Transition Report on Form
10-K
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☐ Transition Report on Form
11-K
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☐ Transition Report on Form
N-SAR
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☐ Transition Report on Form
20-F
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☐ Transition Report on Form
10-Q
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For the Transition Period Ended:
_______________
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If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification relates: Not
applicable
PART I - REGISTRANT INFORMATION
Full Name of Registrant: Troika Media Group,
Inc.
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Former Name if applicable:
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Address of Principal Executive Office: 1715
N. Gower Street, Los Angeles, CA 90028
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PART II - RULE 12B-25(b) AND (c)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed: (Check box if
appropriate)
☒
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(a)
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The reasons described in reasonable detail in
Part III of this form could not be eliminated without unreasonable
effort or expense;
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☒
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(b)
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The subject annual report, semi-annual
report, transition report on Form 10-K, Form 20-F, Form 11-K, Form
N-SAR or Form N-CSR, or portion thereof, will be filed on or before
the fifteenth calendar day following the prescribed due date; or
the subject quarterly report or transition report on Form 10-Q or
subject distribution report on Form 10-D, or portion thereof, will
be filed on or before the fifth calendar day following the
prescribed due date; and
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(c)
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The accountant’s statement or other exhibit
required by Rule 12b-25(c) has been attached if applicable.
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PART III - NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F,
11-K, 10-Q, 10-D, N-SAR, NCSR, or the transition report or portion
thereof, could not be filed within the prescribed period.
Troika Media Group, Inc. (the “Company”) could not complete the
filing of its Annual Report on Form 10-K for the period ended June
30, 2021 due to delays in obtaining and compiling information to be
included in its Form 10-K, which delay could not be eliminated by
the Company without unreasonable effort and expense.
PART IV - OTHER INFORMATION
(1)
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Name and telephone number of person to
contact in regard to this notification:
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Christopher Broderick, Chief Financial Officer (201) 695-8020
(2)
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Have all other periodic reports required
under Section 13 or 15(d) of the Securities Exchange Act of 1934 or
Section 30 of the Investment Company Act of 1940 during the
preceding twelve months or for such shorter period that the
registrant was required to file such report(s) been filed? If the
answer is no, identify report(s)
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☒ Yes ☐ No
(3)
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Is it anticipated that
any significant change in results of operations from the
corresponding period for the last fiscal year will be reflected by
the earnings statements to be included in the subject report or
portion thereof?
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☒ Yes ☐ No
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If so, attach an explanation of the
anticipated change, both narratively and quantitatively, and if
appropriate, state the reasons why a reasonable estimate of the
results cannot be made.
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Our revenues for the fiscal years ended June
30, 2021 and 2020 were $16,192,000 and $24,613,000, respectively, a
decrease of approximately $8,421,000 or 34.2%. This decrease is
predominantly due to the underperformance of both the UK and US
subsidiaries of Mission-Media Holdings Limited as a result of the
COVID pandemic.
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Troika Media Group, Inc. has caused this notification to be signed
on its behalf by the undersigned hereunto duly authorized.
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Troika Media Group, Inc.
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Date: September 28, 2021
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By:
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/s/ Christopher
Broderick |
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Christopher Broderick
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Chief Financial Officer
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