SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, announced they will be issuing a one-time special dividend to shareholders of record on the 20th of September.
In their Q2 2021 earnings report, 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 $11.4M. Following their earnings report and exponential growth, SRAX also announced a $10M stock buy-back program and a one-time special dividend to be issued to shareholders of record on September 20th.
SRAX will be issuing non-tradable preferred shares to shareholders of record on September 20th. The preferred shares will hold approximately $6.5M worth of Sequire clients stock, and as the shares are sold, the proceeds will be distributed to the preferred shareholders periodically.
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