Srax Inc - SRAX STOCK NEWS

BIGtoken Inc. (OTC: FPVD) announces a new broadcast addressing censorship and data privacy issues. With mounting concerns over data collection, a Forbes article highlights that 60% of U.S. adults feel their data is collected daily without control. BIGtoken aims to empower consumers through a transparent data management platform, allowing users to earn rewards for their data while providing verified data access to advertisers. This initiative reflects a proactive approach to address significant data privacy challenges in today's digital landscape.

SRAX (NASDAQ: SRAX) announces its feature in an editorial by NetworkNewsWire, highlighting the surge in retail trading. This uptick in trading volume is primarily driven by retail investors, impacting small-cap markets significantly. SRAX aims to enhance the connection between public companies and their shareholders through its investor intelligence platform, Sequire. This platform enables companies to analyze investor behavior, aiming to foster better engagement and interaction with both current and potential shareholders. The trend underscores a shift in market dynamics towards retail-driven trading.

SRAX, a financial technology company, announced preliminary revenue results for Q4 and FY 2020, reporting net revenue of approximately $4.5 million for Q4, marking a 320% year-over-year increase and a 75% rise from Q3 2020, exceeding expectations. Total revenue for 2020 reached around $8.7 million, up 142% compared to 2019. The company anticipates a full-year 2021 revenue of $17-$18 million. SRAX has shown consistent growth with four consecutive quarters of revenue growth and a 22% increase in issuers on its Sequire platform.

On January 28, 2021, BIGtoken announced its editorial placement in NetworkNewsWire's publication discussing censorship and data privacy concerns. Citing a Pew Research survey, it highlights that 75% of U.S. adults perceive potential censorship on social media platforms. In response, BIGtoken aims to empower consumers in managing their data, being the first consumer-managed marketplace. Parent company SRAX is set to spin off BIGtoken into a standalone public entity through a share exchange agreement with Force Protection Video Equipment Corp.

BIGToken, Inc. has successfully completed a reverse merger with Force Protection Video Equipment Corporation (OTC:FPVD), making BIGToken a public company. Under the share exchange agreement dated September 30, 2020, Force Protection issued 149,562,566,584 shares of common stock to SRAX, Inc. (NASDAQ:SRAX) in exchange for all outstanding shares of BIGToken. Additionally, Force Protection issued 7,000,000,000 shares of common stock along with other convertible stocks, totaling $815,520 in promissory notes plus interest. This move enhances BIGtoken's position in consumer data management.

SRAX, a financial technology company listed on NASDAQ under the symbol SRAX, will host the B. Riley Securities 2021 Vision Day using its Sequire Virtual Events platform. This platform enables virtual presentations for both institutional and retail investors. The invitation-only event highlights a selection of top picks from B. Riley's analysts, featuring brief presentations and fireside chats. B. Riley Securities, a premier investment bank, provides a range of corporate finance services. Public replays of the event will be accessible post-event.

SRAX, a financial technology firm, has appointed Lou Kerner as CEO of its subsidiary BIGtoken. The decision follows a definitive agreement with Force Protection Video Equipment Corp, where SRAX will exchange 100% of BIGtoken shares for 88.9% of FPVD shares. Upon closing, FPVD will rebrand as BIGtoken, Inc., with Kerner leading the company. Kerner, a seasoned executive with extensive experience in media and technology, emphasized BIGtoken's potential in enhancing consumer privacy and utilizing crypto for rewards. This strategic move aligns with SRAX's focus on data-driven solutions.

SRAX, Inc. (Nasdaq: SRAX) has extended the expiration date for its special dividend rights to December 31, 2021. Originally set to expire on December 31, 2020, this extension allows shareholders to retain their rights to receive a special dividend in the form of securities from its subsidiary BIGtoken, Inc.. The special dividend, which will consist of fractional non-voting securities, is contingent on declaration by the company's management. Shareholders are cautioned that the special dividend may not be declared or issued.

SRAX, Inc. (NASDAQ: SRAX) will host the 13th Annual LD Micro Main Event, a virtual investor conference, on December 14-15, 2020. The event aims to engage nearly two million small-cap investors, featuring close to 250 companies and celebrity keynotes from Shaquille O'Neal and Brock Pierce. This initiative, using SRAX’s Sequire platform, enhances investor relations by enabling companies to present and interact with investors in a dynamic format. The goal is to strengthen awareness of participating companies and provide additional tools for public issuers.