NetworkNewsBreaks – SRAX, Inc. (NASDAQ: SRAX) Ex
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Posted On: 12/27/2019 3:12:48 PM
NetworkNewsBreaks – SRAX, Inc. (NASDAQ: SRAX) Extends Expiration Time for BIGtoken Special Dividend through December 31, 2020
SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, today announced that it has extended the expiration time for its special dividend right from December 31, 2019 to on or before 5:00 PM ET on December 31, 2020. Per the update, on September 17, 2018, the company issued a non-transferable right (“Dividend Right”) to receive, at no charge, a special dividend to holders of the company’s Class A common stock as well as certain holders of the company’s common stock equivalents. The Special Dividend, if and when declared, will consist of such number and designation of the SRAX subsidiary BIGtoken, Inc.’s securities (“Special Dividend”) as determined at the sole discretion of the company’s management. The Dividend Right was set to expire on or before 5:00 PM ET on December 31, 2019 (the “Expiration Time”), unless extended by the company. The Dividend Right will now expire if the Special Dividend is not declared on or before 5:00 PM ET on December 31, 2020, unless further extended by SRAX.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, today announced that it has extended the expiration time for its special dividend right from December 31, 2019 to on or before 5:00 PM ET on December 31, 2020. Per the update, on September 17, 2018, the company issued a non-transferable right (“Dividend Right”) to receive, at no charge, a special dividend to holders of the company’s Class A common stock as well as certain holders of the company’s common stock equivalents. The Special Dividend, if and when declared, will consist of such number and designation of the SRAX subsidiary BIGtoken, Inc.’s securities (“Special Dividend”) as determined at the sole discretion of the company’s management. The Dividend Right was set to expire on or before 5:00 PM ET on December 31, 2019 (the “Expiration Time”), unless extended by the company. The Dividend Right will now expire if the Special Dividend is not declared on or before 5:00 PM ET on December 31, 2020, unless further extended by SRAX.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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