QualityStocksNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Announces $10M Stock Buy-Back Program, One-Time Special Dividend
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its software-as-a-service (“SaaS”) platform, today announced a $10 million stock buy-back program, as well as a one-time special dividend of approximately $0.23 per share. According to the update, the company will be issuing preferred shares to shareholders of SRAX common stock on Sept. 20, 2021. The preferred shares will hold approximately $6.5 million worth of Sequire clients’ stock and, as the shares are sold, the proceeds will be distributed to the preferred shareholders. “We’re excited to reward our shareholders with this dividend,”…