- SRAX recently closed acquisition of LD Micro, leading micro-cap information portal
- LD Micro to become wholly-owned subsidiary of SRAX for 1.6 million in common stock plus $4 million cash
- Acquisition to accelerate adoption of Sequire, SRAX’s SaaS investment analytics platform
- Sequire revenue grew 29% year-over-year for Q2 2020, user base doubled to one million users during Q3 2020
SRAX (NASDAQ: SRAX), a data-based financial technology company, recently closed the acquisition of LD Micro, a leading data portal serving the small and micro-cap space. The deal, worth 1,600,000 shares of common stock and $4 million in cash, will make LD Micro a wholly-owned subsidiary of SRAX while maintaining founder Christopher Lahiji as president and appointing him to SRAX’s board of directors.
The move comes during a rapid growth period for Sequire, SRAX’s data analytics SaaS platform. Geared towards the investment industry, Sequire unlocks data and insight for public companies that can be used to activate marketing campaigns to engage both new, existing and…
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://nnw.fm/SRAX
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