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SRAX Inc. (OTC: SRAX) is a cutting-edge financial technology company based in Westlake Village, California, that leverages data and insights to empower publicly traded companies. Founded in 2009, SRAX offers a premier investor intelligence and communications platform known as Sequire.
Sequire allows companies to track and analyze their shareholders' behaviors and trends, offering valuable data-driven insights to enhance engagement and communication with investors across various marketing channels. The platform also facilitates the hosting of investor conferences, primarily within the micro and small-cap markets, to foster deeper connections and engagement among investors and issuers.
Despite recent challenges, including delisting from the NASDAQ market, SRAX has undergone significant restructuring to streamline operations and enhance efficiency. The company has reduced its workforce from 160 to just over 20 employees, which has helped in becoming more agile and focused on core business activities.
Financially, SRAX has made strides in improving transparency and operational performance. The company is optimistic about its 2022 and 2023 financial results, highlighting positive operating income as a key metric reflecting its true business performance.
On the partnership front, SRAX recently collaborated with XDEFI, a pioneering multichain cryptocurrency wallet, to integrate Web3 capabilities into its Sequire platform. This partnership enables SRAX's network of active equity investors to access decentralized applications and assets across multiple blockchains, significantly expanding their investment opportunities.
Moreover, SRAX is set to merge with DNA Holdings Venture Inc., a Web3 investment company. This merger is expected to bring new expertise and opportunities for SRAX in the decentralized finance and Web3 space, aiming to further solidify its leadership in the financial technology sector.
For more information about SRAX and its innovative solutions, please visit srax.com and mysequire.com.
SRAX Inc. has signed a definitive merger agreement with DNA Holdings Venture Inc., with DNA becoming the majority owners of SRAX. DNA is a Web3 investment company founded by Brock Pierce and Scott Walker, known for their involvement in successful Web3 projects. The merger aims to create a public company allowing investors to access cutting-edge Web3 technology projects. Upon completion, the public company plans to change its name to DNA Holdings Venture Inc. and request a ticker symbol change. The transaction is subject to SEC approval and will be filed in a Form 8-K. The merger is projected to enhance SRAX's SEQUIRE platform to provide investor insights for Web3 projects, capitalizing on the growing decentralized ecosystem.
SRAX, a financial technology company, announced the integration of GlobeNewswire into its Sequire platform, enabling a self-serve press release feature for users. This feature is designed to simplify the process of creating and distributing press releases while providing analytics to track performance. CEO Christopher Miglino expressed excitement for this enhancement, highlighting the increased convenience and flexibility for companies to reach broader audiences and gain insights. The self-serve feature is expected to launch in Q2 2023, benefiting all Sequire users. For more information, visit the Sequire website.
Joseph Gunnar & Co., LLC announces its sponsorship of the Sequire Investor Summit taking place from April 24-26, 2023 at La Concha Resort, San Juan, Puerto Rico. This year's summit will focus on Puerto Rico's tax laws, providing a tax-friendly environment for investors and funds. Attendees can expect comprehensive training sessions and keynote panels led by industry experts, covering the latest trends and strategies. CEO Joseph A. Alagna emphasized the event's significance for connecting with industry leaders and sharing investment insights. For registration details, visit puertorico.srax.com.
SRAX is set to participate in the Sequire Investor Summit from April 24-26, 2023, at La Concha Resort, San Juan, Puerto Rico. This summit focuses on the beneficial tax laws in Puerto Rico, presenting unique opportunities for funds and investors. Attendees will gain insights on leveraging these advantages through comprehensive training sessions and expert-led keynote panels, covering the latest investing trends and best practices.
CEO Chris Miglino will close the event on April 26th at 4:00 PM, sharing insights on the strong investment community in Puerto Rico. The summit aims to foster valuable connections among funds, companies, and investors. For registration and details, visit the official event website.
Freedom Holding Corp. (NASDAQ: FRHC) has finalized the acquisition of LD Micro from SRAX (NASDAQ: SRAX) for a total consideration of $8.3 million. The deal involves $4 million in cash and $4.3 million in common stock. LD Micro is known for organizing premier small-cap conferences and providing the LD Micro Index, which tracks micro-cap stock performance.
With this acquisition, Freedom aims to enhance its financial services and expand its offerings, leveraging LD Micro's established brand. The companies foresee various synergies benefiting clients and investors alike.
SRAX, a financial technology company, has announced two significant virtual conferences: the 2022 Sequire Restaurants & Foodservice Conference on November 17, 2022, and the 2022 Sequire Technology Conference on November 30, 2022. Both events will feature presentations from over 15 public companies and host expert panel discussions, aimed at engaging small-cap investors. The conferences will be conducted via SRAX's Sequire Virtual Events platform.
For registration, visit: Sequire Restaurants and Sequire Technology.
SRAX (NASDAQ: SRAX) has partnered with Marcum LLP, a top-ranked accounting and advisory firm, to enhance its financial operations. The collaboration aims to leverage Marcum's expertise to support SRAX's growth in providing data insights for publicly traded companies through its Sequire platform. This strategic move is anticipated to strengthen SRAX's capabilities in engaging investors effectively. CEO Christopher Miglino emphasizes the potential benefits of this partnership for the company’s future.
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