NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Ann
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Posted On: 08/17/2021 4:41:28 PM
NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Announces $10M Stock Buy-Back Program, One-Time Special Dividend
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its software-as-a-service (“SaaS”) platform, today announced a $10 million stock buy-back program, as well as a one-time special dividend of approximately $0.23 per share. According to the update, the company will be issuing preferred shares to shareholders of SRAX common stock on Sept. 20, 2021. The preferred shares will hold approximately $6.5 million worth of Sequire clients’ stock and, as the shares are sold, the proceeds will be distributed to the preferred shareholders. “We’re excited to reward our shareholders with this dividend,” said Christopher Miglino, founder and CEO of SRAX. “We think there’s an opportunity to begin buying back shares of SRAX and we’re in the right financial position to do so.”
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 Sequire, its software-as-a-service (“SaaS”) platform, today announced a $10 million stock buy-back program, as well as a one-time special dividend of approximately $0.23 per share. According to the update, the company will be issuing preferred shares to shareholders of SRAX common stock on Sept. 20, 2021. The preferred shares will hold approximately $6.5 million worth of Sequire clients’ stock and, as the shares are sold, the proceeds will be distributed to the preferred shareholders. “We’re excited to reward our shareholders with this dividend,” said Christopher Miglino, founder and CEO of SRAX. “We think there’s an opportunity to begin buying back shares of SRAX and we’re in the right financial position to do so.”
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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