SRAX INC – SRAX NASDAQ
These shares recently have broken out soaring through its $3.00 resistance level topping $4.00 on huge volume. Making successive 52 week highs SRAX is getting institutional investor attention Two analysts rate this stock a STRONG BUY according to Quote Media.
Serious investors must add these shares immediately to their BUY LIST .
SRAX Announces Crypto Pioneer and Digital Media Veteran Lou Kerner as Chief Executive Officer of BIGtoken
SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies, announced that Lou Kerner will be appointed Chief Executive Officer of BIGtoken, a wholly-owned subsidiary of SRAX. As previously announced, SRAX has entered into a definitive agreement with Force Protection Video Equipment Corp (OTC: FPVD), pursuant to which SRAX will receive 88.9% of the issued and outstanding shares of FPVD in exchange for 100% of the shares of BIGtoken. Upon completion of the transaction, FPVD will be renamed BIGtoken, Inc. with Mr. Kerner as CEO.
Mr. Kerner started his career as a Wall Street analyst following media companies, spending four years at Goldman Sachs, before transitioning to operating tech companies. His first CEO role was at The .tv Corporation, which acquired the top-level domain .tv from the tiny island nation of Tuvalu. After .tv was acquired by Verisign in 2001, Mr. Kerner became the CEO of Bolt Media, the largest social media company before MySpace. After Bolt, Mr. Kerner became an angel investor, best known for writing the first Wall Street style research report on Facebook, in 2010. Mr. Kerner launched a small VC fund in 2012, and then joined Flight Ventures, where he focused on tech companies founded by Israeli teams.
Since 2017, Mr. Kerner has been focused on crypto as an analyst, investor, and advisor. Mr. Kerner is one of the most followed crypto analysts ( on Medium ) and advises companies including Blockchain Co-investors (a crypto fund-of-funds), Casper (a layer one protocol), Props (an SEC-approved token used to drive loyalty programs), and Silver Castle (an institutional grade digital asset manager). In addition, Mr. Kerner is a Partner in an AngelList Syndicate that actively invests in crypto projects. Furthermore, Mr. Kerner started CryptoMondays , the largest crypto-focused Meetup group, with chapters in more than 50 cities around the world.
“I’ve been deeply interested in privacy since 2003 when I was running Bolt. And my interest in crypto has also been fueled, in part, by its privacy features. As the world continues to move to ensure greater internet privacy for consumers, BIGtoken is well-positioned to help brands, media companies, research organizations, and political campaigns efficiently reach consumers via compliant ad targeting and surveys. I further believe BIGtoken will greatly benefit by fully embracing crypto as an alternative reward for our growing consumer base,” said Lou Kerner.
“Lou has been working with data and internet startups his entire career. He has a detailed understanding of Blockchain and how it is applied to augment business applications. Blockchain will play a big part in the future of consumer identity and privacy and we have a shared vision with Lou on what this will look like,” said Christopher Miglino, CEO of SRAX. “Not only is Lou a technology expert, but his knowledge of the capital markets will be a significant asset to BIGtoken as the company is uplisted to a nationally listed exchange.”
SRAX (NASDAQ: 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 on SRAX, visit srax.com .
BIGtoken® is a consumer data management and distribution system. BIG is the first consumer-managed data marketplace where people can own and earn from their data. Through a transparent platform and consumer reward system, BIG offers consumers choice, transparency, and compensation for their data. Participating consumers earn rewards, and developers are able to build pro-consumer online experiences on top of the BIG platform. The system also provides advertisers and media companies access to transparent, verified consumer data to better reach and serve audiences. For more information on BIGtoken, visit bigtoken.com .
Cautionary Statement Regarding Forward Looking Information:
This news release contains “forward-looking statements” made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to future, not past, events and may often be identified by words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Specific risks and uncertainties that could cause our actual results to differ materially from those expressed in our forward-looking statements include risks inherent in our business, and our need for future capital. Actual results may differ materially from the results anticipated in these forward-looking statements. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in SRAX’s periodic reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year ended December 31, 2019, its Quarterly Reports on Form 10-Q as well as and in other reports filed with the SEC. We do not assume any obligation to update any forward-looking statements.
SRAX Inc. (NASDAQ: SRAX) Bolsters Investment Analytics Platform Through Acquisition of LD Micro
- SRAX acquiring LD Micro, leading information portal providing intraday information on micro-cap stocks
- Acquisition to accelerate adoption of Sequire, SRAX’s investment data analytics platform
- Sequire revenue grew 29% year-over-year for Q2 2020
- SRAX entered into $13 million definitive securities purchase agreement to fund Sequire’s rapid expansion
SRAX Inc. (NASDAQ: SRAX), a digital marketing and consumer data management technology company, recently announced that it will acquire LD Micro, a leading data and event company serving the small and micro-cap space. Initially founded in 2006, LD Micro has grown from a newsletter into a portal that provides exclusive intraday information covering North American stocks with market capitalizations between $50 million and $300 million. SRAX’s move comes at a time of rapid growth for Sequire, its investment data analytics platform, making the acquisition a synergistic gain for both parties.
“LD Micro is, without a doubt, one of the most well-known and respected brands in micro-cap. Chris Lahiji and his team have done an incredible job of creating a loyal community of investors and issuers,” said SRAX founder and CEO Christopher Miglino. “LD Micro is also accretive to our investors from day one. We are confident that together we’ll accelerate the adoption of Sequire, while also enhancing LD Micro’s digital assets” (http://nnw.fm/ppRfl).
Sequire helps public companies unlock the power of data by providing tools that give valuable insights on the activities of both retail and institutional investors, in addition to providing the critical data necessary to activate successful marketing campaigns. With over one million active investors and traders across 91 public companies, the platform has experienced rapid growth since its creation in 2019, due mostly to its in-demand suite of products that include tools to harness investor intelligence and outreach, warrant tracking, survey creation, events and roadshows and customer relationship/resource management (“CRM”).
“What Chris and his team at SRAX have built is simply remarkable,” said LD Micro founder Chris Lahiji, who is expected to join SRAX’s board of directors following the acquisition.
“The platform is an absolute game-changer for public companies and their shareholders. Both companies believe that one day executives will rely on Sequire the same way investors rely on Bloomberg. Over 1,500 companies have presented at LD Micro’s events since 2008, and almost all of them would be immediate beneficiaries of this technology.”
LD Micro recently hosted its LD 500 conference in early September, featuring updates from hundreds of companies representing a wide range of industries. The online conference, considered to be the most ambitious project in LD Micro’s 14-year history, incorporated interviews and keynotes with small-cap royalty from some of the most prominent companies in the micro-cap world.
“We are also impressed with SRAX’s plans for the next generation of events,” continued Lahiji. “With more than one million investors on Sequire so far, we will continue hosting industry-leading forums with an audience that is 50 times our current reach.”
Besides doubling its user base since July to over a million investors and traders (http://nnw.fm/JRZtk), Sequire has also seen impressive financial success with 29% year-over-year revenue growth for Q2 2020, fueling plans to fund the platform’s expansion through an agreement for the purchase and sale of $13 million senior secured convertible debentures (http://nnw.fm/9fMKq). Besides Sequire, SRAX continues to capitalize on the growing demand for quantifiable and detailed consumer data through the creation and development of other specialized tools for the CPG, luxury goods and lifestyle verticals that reveal core consumers and their characteristics across various marketing channels.