SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies, has closed its previously announced agreement to acquire LD Micro, a leading data and event company serving the small and micro-cap space. Closing of the acquisition includes the issuing to LD Micro shareholders of 1.6 million shares of Class A common stock that are subject to lock-up for 36 months. In addition, SRAX will pay four $1 million quarterly installments; the first payment was made at closing. As a result, LD Micro will be a wholly owned subsidiary of SRAX. LD Micro founder and president Chris Lahiji will continue to serve in that capacity. In addition, Lahiji has been appointed to SRAX’s board of directors.
To view the full press release, visit http://ibn.fm/cJX5i
About SRAX Inc.
SRAX is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, SRAX allows companies to track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information about the company, visit www.SRAX.com and www.MySequire.com.
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX
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