SRAX
(NASDAQ: SRAX), a digital marketing and consumer data management technology
company, today announced that it has extended the expiration time for its
special dividend right from December 31, 2019 to on or before 5:00 PM ET on
December 31, 2020. Per the update, on September 17, 2018, the company issued a
non-transferable right (“Dividend Right”) to receive, at no charge, a special
dividend to holders of the company’s Class A common stock as well as certain
holders of the company’s common stock equivalents. The Special Dividend, if and
when declared, will consist of such number and designation of the SRAX
subsidiary BIGtoken, Inc.’s securities (“Special Dividend”) as determined at
the sole discretion of the company’s management. The Dividend Right was set to
expire on or before 5:00 PM ET on December 31, 2019 (the “Expiration
Time”), unless extended by the company. The Dividend Right will now expire if
the Special Dividend is not declared on or before 5:00 PM ET on December 31,
2020, unless further extended by SRAX.
To view the full press release, visit http://ibn.fm/G8vKA
About SRAX Inc.
SRAX is a digital-marketing and consumer-data-management
technology company. SRAX’s technology unlocks data to reveal brands’ core
consumers and the characteristics of those consumers across marketing channels.
Monetizing its data sets, SRAX is growing multiple, recurring revenue streams
through its various platforms. Through its BIGtoken platform, SRAX has
developed a consumer-managed data marketplace where people can own and earn
from their data, thereby offering everyone in the internet ecosystem choice,
transparency and compensation. SRAX’s tools deliver a digital competitive
advantage for brands in the CPG, automotive, investor-relations, luxury and
lifestyle verticals by integrating all aspects of the advertising experience,
including verified consumer participation, into one platform. For more
information, visit the company’s website at www.SRAX.com.
NOTE TO INVESTORS: The latest news and updates
relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX
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