Building Value for Companies and Investors: SRAX Inc. (NASDAQ: SRAX) Buys Back Stock, Pays Dividend
- SRAX has published a replay of its recent 2022 Sequire Metals & Mining Conference, including keynotes, and presentations from 70+ premier companies
- Per the $10 million share repurchase plan announced in Q3 2021, SRAX repurchased approximately $800,000 worth of stock during Q4
- The company also made its first dividend payment through the delivery of preferred stock to shareholders
Most companies use technology to build value for themselves. SRAX (NASDAQ: SRAX) has taken it to a different level, using its technology to build corporate value by showcasing the opportunities in other companies. The Los Angeles-based company operates a portfolio of investor related products and services, including the recently completed 2022 Sequire Metals & Mining Conference. The model is paying dividends, literally.
With its proprietary SaaS platform Sequire, SRAX solves some of the most critical problems for public companies and investors alike. For companies, Sequire serves as a big data intelligence and communications platform providing actionable insight about shareholder behavior and trends that can be used to engage current and potential investors via multiple marketing channels. SRAX also owns some preeminent small and microcap investor conferences, which complement their litany of tools that help public companies get noticed by the investment community.
For investors, SRAX provides a one-stop shop to declutter an often-confusing digital world and succinctly deliver transparency and due diligence materials that not only help with investment decisions, but also lead to compelling growth opportunities.
During SRAX’s 2022 Sequire Metals & Mining Conference, a preeminent virtual investor event held on January 27, investors were treated to keynotes and panel discussions with industry experts and presentations from more than 70 premier metals and mining stock market companies. SRAX has published a replay of the conference, including the talks and individual presentations from all the presenters, available on the event website at https://mining21.mysequire.com/.
Company and investor adoption of SRAX as the go-to data provider has bolstered the company’s financial performance over the last year. Earlier this month, management updated shareholders on the company’s $10 million stock repurchase program that was announced in the third quarter of 2021. During the fourth quarter of 2021, the company bought back approximately 155,000 shares of its common stock at an average price of $5.21 per share for a total of approximately $800,000.
SRAX also made the first payment for the previously issued dividend. The dividend for the holders of SRAX common stock was paid in the form of preferred shares, which hold shares from SRAX clients that are periodically sold with proceeds to be paid within 30 days following the end of each quarter. The company announced that it sold approximately $380K of this type of shares during the last quarter, which entitled each holder to a cash payment of $0.01 per share due by January 30th, 2022.
“We continue to optimize our cap table and return value to our shareholders,” said Christopher Miglino, Founder and CEO of SRAX, in a press release on the developments. “This quarter we re-filed our already existing shelf. This allowed us to eliminate our At the Market filing (“ATM”) and the costs associated with it. We will continue to look for opportunities to reward our shareholders,” he concluded.
For more information, visit the company’s website at www.SRAX.com.
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://nnw.fm/SRAX
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 has published a replay of its recent 2022 Sequire Metals & Mining Conference, including keynotes, and presentations from 70+ premier companies
- Per the $10 million share repurchase plan announced in Q3 2021, SRAX repurchased approximately $800,000 worth of stock during Q4
- The company also made its first dividend payment through the delivery of preferred stock to shareholders
Most companies use technology to build value for themselves. SRAX (NASDAQ: SRAX) has taken it to a different level, using its technology to build corporate value by showcasing the opportunities in other companies. The Los Angeles-based company operates a portfolio of investor related products and services, including the recently completed 2022 Sequire Metals & Mining Conference. The model is paying dividends, literally.
With its proprietary SaaS platform Sequire, SRAX solves some of the most critical problems for public companies and investors alike. For companies, Sequire serves as a big data intelligence and communications platform providing actionable insight about shareholder behavior and trends that can be used to engage current and potential investors via multiple marketing channels. SRAX also owns some preeminent small and microcap investor conferences, which complement their litany of tools that help public companies get noticed by the investment community.
For investors, SRAX provides a one-stop shop to declutter an often-confusing digital world and succinctly deliver transparency and due diligence materials that not only help with investment decisions, but also lead to compelling growth opportunities.
During SRAX’s 2022 Sequire Metals & Mining Conference, a preeminent virtual investor event held on January 27, investors were treated to keynotes and panel discussions with industry experts and presentations from more than 70 premier metals and mining stock market companies. SRAX has published a replay of the conference, including the talks and individual presentations from all the presenters, available on the event website at https://mining21.mysequire.com/.
Company and investor adoption of SRAX as the go-to data provider has bolstered the company’s financial performance over the last year. Earlier this month, management updated shareholders on the company’s $10 million stock repurchase program that was announced in the third quarter of 2021. During the fourth quarter of 2021, the company bought back approximately 155,000 shares of its common stock at an average price of $5.21 per share for a total of approximately $800,000.
SRAX also made the first payment for the previously issued dividend. The dividend for the holders of SRAX common stock was paid in the form of preferred shares, which hold shares from SRAX clients that are periodically sold with proceeds to be paid within 30 days following the end of each quarter. The company announced that it sold approximately $380K of this type of shares during the last quarter, which entitled each holder to a cash payment of $0.01 per share due by January 30th, 2022.
“We continue to optimize our cap table and return value to our shareholders,” said Christopher Miglino, Founder and CEO of SRAX, in a press release on the developments. “This quarter we re-filed our already existing shelf. This allowed us to eliminate our At the Market filing (“ATM”) and the costs associated with it. We will continue to look for opportunities to reward our shareholders,” he concluded.
For more information, visit the company’s website at www.SRAX.com.
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://nnw.fm/SRAX
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
