NetworkNewsBreaks – SRAX (NASDAQ: SRAX) Announce
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Posted On: 12/31/2020 4:52:51 PM
NetworkNewsBreaks – SRAX (NASDAQ: SRAX) Announces Extension of Right to Receive BIGtoken Special Dividend
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through its SaaS platform, Sequire, has extended the expiration time for its previously announced special dividend right. The extension is from Dec. 31, 2020, to on or before 5 p.m., ET, on Dec. 31, 2021. SRAX issued the nontransferable right to receive at no charge a special dividend in September 2020. The right was issued 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 comprise such number and designation of the SRAX subsidiary BIGtoken Inc.’s securities as determined by SRAX management. The dividend right was originally set to expire on or before 5 p.m., ET, on Dec. 31, 2020. Today’s announcement extends that deadline to Dec. 31, 2021. Other information released by the company regarding the special dividend notes that it will be an analog security rather than digital, that it will not be a cryptocurrency, and that it is expected to be a fractional non-voting security, if and when issued.
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 financial technology company that unlocks data and insights for publicly traded companies through its SaaS platform, Sequire, has extended the expiration time for its previously announced special dividend right. The extension is from Dec. 31, 2020, to on or before 5 p.m., ET, on Dec. 31, 2021. SRAX issued the nontransferable right to receive at no charge a special dividend in September 2020. The right was issued 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 comprise such number and designation of the SRAX subsidiary BIGtoken Inc.’s securities as determined by SRAX management. The dividend right was originally set to expire on or before 5 p.m., ET, on Dec. 31, 2020. Today’s announcement extends that deadline to Dec. 31, 2021. Other information released by the company regarding the special dividend notes that it will be an analog security rather than digital, that it will not be a cryptocurrency, and that it is expected to be a fractional non-voting security, if and when issued.
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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