QualityStocksNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Announces BIGtoken to Become Separate Public Company
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies, will be moving its BIGtoken platform to a separate, publicly traded company. BIGtoken empowers consumers to earn money and control their own data. In preparation for the move, SRAX has entered into a definitive share exchange agreement with Force Protection Video Equipment Corp. (OTC: FPVD). The agreement stipulates that SRAX will transfer all outstanding equity of BIGtoken in exchange for 88.9% of the issued and outstanding shares of FPVD, subject to outlined closing conditions. By transitioning BIGtoken into its own company, SRAX continues to…