NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Clo
Post# of 387
(Total Views: 244)
Posted On: 07/01/2020 3:41:51 PM
NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Closes $13M Private Placement
SRAX (NASDAQ: SRAX), a digital marketing and consumer data management technology company, on Tuesday announced the closing of its previously disclosed $13 million private placement of senior secured convertible debentures at a fixed conversion price of $2.69. The Company received $9.1 million in net proceeds from the offering after deducting placement agent and legal fees, the repayment of loans and other estimated expenses. SRAX intends to use the proceeds to fund the rapid expansion of its investor intelligence, data analytics and communications platform, Sequire, as well as to pay back a $2.5 million outstanding secured term loan and other outstanding obligations.
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, on Tuesday announced the closing of its previously disclosed $13 million private placement of senior secured convertible debentures at a fixed conversion price of $2.69. The Company received $9.1 million in net proceeds from the offering after deducting placement agent and legal fees, the repayment of loans and other estimated expenses. SRAX intends to use the proceeds to fund the rapid expansion of its investor intelligence, data analytics and communications platform, Sequire, as well as to pay back a $2.5 million outstanding secured term loan and other outstanding obligations.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
(0)
(0)SRAX Inc. (SRAX) Stock Research Links
Scroll down for more posts ▼