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 that it will be issuing a one-time special dividend to shareholders of record on Sept. 20, 2021. The company reported Q2 revenue of $7.7M, up 557% year-over-year, 41% sequentially quarter-over-quarter, in addition to Q2 Sequire bookings of $11.4 million in its Q2 2021 earnings report. Following the report and exponential growth, SRAX also announced a $10 million stock buy-back program and a one-time special dividend to be issued to shareholders of record. SRAX will be issuing non-tradable preferred shares, worth approximately $6.5 million, to shareholders of record on Sept. 20. As the shares are sold, the proceeds will periodically be distributed to the preferred shareholders.
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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, companies can 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.
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