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NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Finalizes Acquisition of LD Micro

Company: SRAX Inc. (SRAX)
Category: News

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://nnw.fm/BUVrP

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://nnw.fm/SRAX

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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