Social Reality, Inc. (NASDAQ: SRAX) Strengthens Balance Sheet through Entry into $4 Million Securities Purchase Agreement
Early Wednesday, Social Reality, Inc. (NASDAQ: SRAX), an Internet advertising and platform technology company focused on the development and commercialization of tools to automate the digital advertising market, announced its entry into a securities purchase agreement that’s expected to generate gross proceeds of $4 million. These proceeds, derived from a collection of fundamental institutional investors, will be used to satisfy the company’s outstanding notes stemming from its financing agreement with Victory Park Management, LLC, as well as its senior secured debt. The offering was scheduled to close on or about January 4, 2017, subject to customary closing conditions. “This capital…







