BIGToken, Inc. this morning announced the closing of its share exchange transaction with Force Protection Video Equipment (OTC: FPVD) resulting in BIGToken now being a public company by way of a reverse merger. FPVD issued SRAX (NASDAQ: SRAX), the parent company of BIGToken, a total of 149,562,566,584 shares of common stock in exchange for 100% of the issued and outstanding shares of BIGToken, per the terms of the share exchange agreement dated September 30, 2020, as amended. Additionally, FPVD issued 7,000,000,000 shares of common stock and 8,318 shares of its C convertible stock, convertible into a total of 9,991,922,638 shares of common stock, subject to certain ownership limitations, which were issued in exchange for promissory notes totaling $815,520 plus accrued interest of $32,597.
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About SRAX
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, please visit www.SRAX.com.
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