SRAX Inc. (NASDAQ: SRAX) Reports Record Second Quarter; Announced $10 Million Share Buy-Back Alongside $0.23/Share Special Dividend
SRAX has recently reported its 2Q 2021 results, with revenues rising +557% YoY and +41% QoQ The company recently upped their full-year revenue guidance to $32 million, from $30 million previously The company simultaneously announced a $10 million share buy-back as well as a special dividend approximating $6.5 million or $0.23/share The special dividend will be paid in the form of preference shares, which will be distributed to the company’s shareholders of record as of September 20th. The preference shares will hold $6.5 million of SRAX clients’ shares, with proceeds distributed periodically to preference shareholders as the underlying share holdings…