- SRAX sold its pharmaceutical arm, SRAXmd, and it continues to invest in its flourishing BIGtoken platform
- Major brands Kraft and Sun-Maid launched programs within the BIGtoken platform
- SRAX continues toward its goal of developing the largest, most valuable opted-in data set worldwide
With a platform of 16 million members that continues to grow and some of the largest consumer packaged goods brands in the country embracing SRAX Inc.’s (NASDAQ: SRAX) BIGtoken platform, the company’s third-quarter achievements are significant indicators toward attaining its goal of building the largest and most valuable opted-in data set in the world.
On the cusp of having sold its pharmaceutical arm, SRAXmd, to a group of institutional investors for $43 million (http://nnw.fm/u6VHH), SRAX has proven that it can build value in its verticals in the past. The company utilized this profit to invest in its BIGtoken platform technology, clear its balance sheet of $12 million in debt and payables, and buy back over 700,000 shares. Additionally, SRAX retained a 31 percent ownership stake in SRAXmd at the close of the transaction, representing…
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com