Friday, December 27, 2019

MissionIRNewsBreaks – SRAX, Inc. (NASDAQ: SRAX) Extends Expiration Time for BIGtoken Special Dividend through December 31, 2020


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

About MissionIRNewsBreaks

MissionIRNewsBreaks provide a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by our Team of professional journalists that keep a constant eye on the markets, these posts are designed to inform you on the latest happenings of our clients and other publicly traded companies on our radar. From earnings, acquisitions and agreements to conference attendance and clinical study results, our news breaks keep you up-to-date with the day’s top movers. MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.

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