SRAX Inc.’s (NASDAQ: SRAX) Sequire sees $2.5M in Q2 2020 Sales
Jul 9, 2020
- SRAX’s investor intelligence platform Sequire announces that Q2 2020 sales exceeded $2.5 million
- The platform has seen customer numbers swell to over 75 publicly listed companies, rising from 59 at start of year
- SRAX also announced its raise of $13 million through the sale of convertible debentures, equity warrants
- While also settling an outstanding secured term loan, proceeds from raise will be used to fuel Sequire’s rapid expansion plans
SRAX (NASDAQ: SRAX), a digital marketing pioneer focused on providing consumer data management services, announced that its investor intelligence platform, Sequire, has shown significant growth in the second quarter with sales exceeding $2.5 million (http://nnw.fm/ku3L4). Launched in its rebranded format during SRAX’s first quarter earnings announcement, Sequire has witnessed a sharp increase in customer interest in recent months, growing its client base to over 75 publicly traded companies in the US and Canada, with an aggregate of over 500,000 unique shareholders. The platform, which assists its clients in tracking and interacting with their shareholders, has rapidly become an essential digital tool for equity issuers seeking to broaden their shareholders’ registers during a largely unprecedented time in global markets.
SRAX also seized the opportunity to announce that it had raised $13 million through the sale of convertible debentures and equity warrants (http://nnw.fm/j6F7i), with the proceeds of the capital-raising exercise to be used to fund Sequire’s rapid growth. With client numbers growing by a remarkable 27% over the…
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://nnw.fm/SRAX
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