NetworkNewsBreaks – Social Reality, Inc. (NASDAQ: SRAX) Announces Sale of Additional $1.28 Million of Secured Convertible Debentures
Internet advertising company Social Reality, Inc. (NASDAQ: SRAX) this morning announced that it has closed on the sale of an additional $1.28 million of 12.5% senior secured convertible debentures under the same terms as the previously announced financing. Giving effect to the first closing of this offering on April 21, 2017, SRAX issued and sold an aggregate of $5,000,000 principal amount of debentures convertible at $3.00 per share and Series A Warrants to purchase 833,337 shares of its Class A common stock at $3.00 per share. “With the final closing, we've successfully completed the financing, bringing net proceeds of approximately…







