LOS ANGELES–(COMMERCIAL THREAD) – SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and information for publicly traded companies through Sequire, its SaaS platform, announces that as of that date, it will no longer have to consolidate the financial statements of BIGtoken, Inc (FPVD).
On September 27, 2021, BIGtoken, the leading platform for ethically sourced identities, data and information and information and media activation, and BritePool, Inc., a leading identity verification company for advertisers and publishers, have entered into an agreement and plan to merge into one all stock transaction. Today, with the completion of this union, SRAX is no longer obliged to consolidate BIGtoken in its financial statements. SRAX currently holds its BIGtoken position on the balance sheet at approximately $ 4 million. This will now be adjusted on a quarterly basis to mark the market position.
“We incubated BIGtoken and provided the infrastructure for BIGtoken so that they could be their own business. The management team is one of the best in the business and we look forward to realizing the vision of consumers who own their own data, ”said Christopher Miglino, Founder and CEO of SRAX.
SRAX (NASDAQ: SRAX) is a financial technology company that frees data and information for publicly traded companies. Through its leading investor intelligence and communications platform, Sequire, companies can track their investor behaviors and trends and use that information to engage current and potential investors through marketing channels. For more information on SRAX, visit srax.com and mysequire.com.
Caution regarding forward-looking information:
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