NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) to
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Posted On: 09/13/2021 3:30:25 PM
NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) to Issue One-Time Special Dividend to Shareholders of Record
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 that it will be issuing a one-time special dividend to shareholders of record on Sept. 20, 2021. The company reported Q2 revenue of $7.7M, up 557% year-over-year, 41% sequentially quarter-over-quarter, in addition to Q2 Sequire bookings of $11.4 million in its Q2 2021 earnings report. Following the report and exponential growth, SRAX also announced a $10 million stock buy-back program and a one-time special dividend to be issued to shareholders of record. SRAX will be issuing non-tradable preferred shares, worth approximately $6.5 million, to shareholders of record on Sept. 20. As the shares are sold, the proceeds will periodically be distributed to the preferred shareholders.
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 that it will be issuing a one-time special dividend to shareholders of record on Sept. 20, 2021. The company reported Q2 revenue of $7.7M, up 557% year-over-year, 41% sequentially quarter-over-quarter, in addition to Q2 Sequire bookings of $11.4 million in its Q2 2021 earnings report. Following the report and exponential growth, SRAX also announced a $10 million stock buy-back program and a one-time special dividend to be issued to shareholders of record. SRAX will be issuing non-tradable preferred shares, worth approximately $6.5 million, to shareholders of record on Sept. 20. As the shares are sold, the proceeds will periodically be distributed to the preferred shareholders.
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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