NetworkNewsBreaks – SRAX Inc.’s (NASDAQ: SRAX)
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Posted On: 01/27/2021 3:51:35 PM
NetworkNewsBreaks – SRAX Inc.’s (NASDAQ: SRAX) BIGToken Announces Closing of Share Exchange Agreement with Force Protection Video Equipment Corp. (FPVD)
BIGToken, Inc. this morning announced the closing of its share exchange transaction with Force Protection Video Equipment (OTC: FPVD) resulting in BIGToken now being a public company by way of a reverse merger. FPVD issued SRAX (NASDAQ: SRAX), the parent company of BIGToken, a total of 149,562,566,584 shares of common stock in exchange for 100% of the issued and outstanding shares of BIGToken, per the terms of the share exchange agreement dated September 30, 2020, as amended. Additionally, FPVD issued 7,000,000,000 shares of common stock and 8,318 shares of its C convertible stock, convertible into a total of 9,991,922,638 shares of common stock, subject to certain ownership limitations, which were issued in exchange for promissory notes totaling $815,520 plus accrued interest of $32,597.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
BIGToken, Inc. this morning announced the closing of its share exchange transaction with Force Protection Video Equipment (OTC: FPVD) resulting in BIGToken now being a public company by way of a reverse merger. FPVD issued SRAX (NASDAQ: SRAX), the parent company of BIGToken, a total of 149,562,566,584 shares of common stock in exchange for 100% of the issued and outstanding shares of BIGToken, per the terms of the share exchange agreement dated September 30, 2020, as amended. Additionally, FPVD issued 7,000,000,000 shares of common stock and 8,318 shares of its C convertible stock, convertible into a total of 9,991,922,638 shares of common stock, subject to certain ownership limitations, which were issued in exchange for promissory notes totaling $815,520 plus accrued interest of $32,597.
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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