Troika Media Group Inc. (TRKA) shares fell 6.48% in after-hours on Monday, August 02, 2021, and closed the daily trading at $2.31. in the regular trading session on Monday, TRKA’s stock gained 18.75%. TRKA shares have moved up by 24.12% in the past week. Over the past three months, the stock has lost 1.00%. TRKA has a current market of $99.39 million and its outstanding shares stood at 40.24 million.
Let’s see is there any recent news or development?
TRKA celebration of IPO
On August 2, 2021, Troika Media Group, Inc (TRKA) announced that the Company’s New York-based Mission group was engaged by F45 to celebrate the global fitness brand’s initial public offering.
Troika’s New York-based Mission group specializes in placing brands in culture via live experiences, brand partnerships, public relations, social and influencer engagement and amplification. Mission worked collaboratively with F45 to create a successful celebration of F45’s IPO and listing on the NYSE, beginning with an early morning Wall Street workout led by F45 master trainers and music provided by world-recognized DJ, Steve Aoki.
F45’s key investor and fitness fanatic Mark Wahlberg rang the bell with CEO Adam Gilchrist as teams of F45 ambassadors demonstrated the globally beloved workout for passersby.
TRKA Launched NFT 360 Mobile App
On July 30, 2021, Troika Media Group, Inc. (TRKA) announced that its digital assets subsidiary, Troika IO, has launched its first native mobile app on iOS this week called NFT 360TM.
The app will serve as a resource to inform users about cryptocurrency, non-fungible tokens (NFTs) and other emerging digital assets in the crypto-verse, as well as how Troika IO can help position brands and create new revenue streams
TRKA Partnership with CAA Brand
On July 01, 2021, Troika Media Group, Inc. (TRKA) launched a new advertising campaign, in partnership with CAA Brand Consulting, on behalf of Wilson Sporting Goods Co, as the new National Basketball Association (NBA) official game ball for the 2021-22 season.
Participation in the recent investor conference
Troika Media Group, Inc recently participated in the 2021 LD Micro Invitational XI investor conference on Wednesday, June 9, 2021. The company was presented by TRKA CEO, Robert Machinist, and Kyle Hill, President of Redeeem and Head of Digital Assets.
Acquisition of Redeeem
On May 24, 2021, Troika Media Group, Inc. (TRKA) closed on the acquisition of Redeeem, LLC by its wholly-owned subsidiary, Redeeem Acquisition Corp. RAC has acquired substantially all of the assets and approximately $165,000 of specified liabilities of Redeeem for $1.21 million in cash and $10.89 million in the common stock of TMG that vest over three years.
Conclusion
Well, as of this writing there is no such negative news or development which could be linked with its after-hours loss on Monday. We are pretty confident that it will commence the Tuesday trading with positive energy.
