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SRAX Elects to Redeem Outstanding 12.5% Senior Secured Convertible Debentures

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SRAX Elects to Redeem Outstanding 12.5% Senior Secured Convertible Debentures

PR Newswire

LOS ANGELES, Oct. 31, 2018 /PRNewswire/ -- Social Reality, Inc. (NASDAQ:SRAX), a digital marketing and consumer data management and distribution technology platform company, on October 29, 2018, notified the holders of its outstanding 12.5% Senior Secured Convertible Debentures due April 21, 2020 ("Debenture") of its irrevocable intent to redeem the Debentures, for cash.  Pursuant to the terms of the Debentures, the Company will redeem the Debentures on or prior to the 20th trading day following the date of the notice, subject to the redemption terms contained in the debentures.

SRAX (PRNewsfoto/SRAX)

About SRAX

Social Reality, Inc. (NASDAQ:SRAX) is a digital marketing and consumer data management and distribution technology platform company. SRAX's technology delivers the tools to unlock data to reveal brands and content owners' core consumers and their characteristics across marketing channels. Through its blockchain identification graph technology platform, BIG (www.bigtoken.com), SRAX is also developing a consumer-powered data marketplace where people will own and sell access to their data thereby providing everyone in the Internet ecosystem transparency, choice and compensation. SRAX's technology and tools deliver a digital competitive advantage for brands in CPG, automotive, sports and lifestyle verticals by integrating all aspects of the advertising experience, including verified consumer participation, into one platform. For more information on SRAX, visit www.srax.com.

Safe Harbor Statement

This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Words or expressions such as "anticipate," "plan," "will," "intend," "believe" or "expect'" or variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations of our ability to increase our revenues, satisfy our obligations as they become due, report profitable operations and other risks and uncertainties, as set forth in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, as filed with the Securities and Exchange Commission. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of Social Reality and are difficult to predict. Social Reality undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

Kirsten Chapman, LHA Investor Relations, +1 415 433 3777, srax@lhai.com 

Steve Stratz, Relevanz Public Relations, 206.300.9134, steve@relevanzpr.com

 

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SOURCE SRAX

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