SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its software-as-a-service (“SaaS”) platform, today announced a $10 million stock buy-back program, as well as a one-time special dividend of approximately $0.23 per share. According to the update, the company will be issuing preferred shares to shareholders of SRAX common stock on Sept. 20, 2021. The preferred shares will hold approximately $6.5 million worth of Sequire clients’ stock and, as the shares are sold, the proceeds will be distributed to the preferred shareholders. “We’re excited to reward our shareholders with this dividend,” said Christopher Miglino, founder and CEO of SRAX. “We think there’s an opportunity to begin buying back shares of SRAX and we’re in the right financial position to do so.”
To view the full press release, visit
https://ibn.fm/r6MZ6
About SRAX Inc.
SRAX is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform,
Sequire, companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information about the company, visit
www.SRAX.com and
www.MySequire.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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