SRAX Extends Right to Receive BIGtoken Special Dividend through December 31, 2020
SRAX, Inc. (SRAX)
Last srax, inc. earnings: 11/14 04:05 pm
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US:NASDAQ Investor Relations:
srax.com/investors
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Source: PR Newswire
LOS ANGELES, Dec. 27, 2019 /PRNewswire/ -- SRAX, Inc. (Nasdaq: SRAX), a digital marketing and consumer data management technology company, has extended the expiration time for its special dividend right from December 31, 2019 to on or before 5:00 p.m., ET, on December 31, 2020.Special Dividend, Dividend Right and Expiration DateOn September 17, 2018, the company issued a non-transferable right ("Dividend Right") to receive at no charge a special dividend to holders of the company's Class A common stock as well as certain holders of the company's common stock equivalents. If and when declared, the Special Dividend consisting of such number and designation of the SRAX subsidiary BIGtoken, Inc.'s securities ("Special Dividend") as determined by the company's management at their sole discretion. The Dividend Right was set to expire on or before 5:00 p.m., ET, on December 31, 2019, unless extended by the Company (the "Expiration Time"). The Dividend Right will now expire if the Special Div
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