LOS ANGELES, Sept. 14, 2018 /PRNewswire/ -- Social Reality,
Inc. (NASDAQ: SRAX), a digital marketing and consumer data
management and distribution technology platform company, will issue
to holders of the company's Class A common stock as well as certain
holders of the company's common stock equivalents, as of
5:00 p.m., ET, on September 17, 2018 (the "Record Date"), a
dividend right as previously disclosed on September 5, 2018. Each holder will receive at no
charge, a non-transferable right to receive a special dividend
(also at no charge), if and when declared, consisting of such
number and designation of the SRAX subsidiary BIGtoken, Inc.'s
securities ("Special Dividend") as determined by the company's
management (the "Dividend Right") at their sole discretion. The
Dividend Right will expire if the Special Dividend is not declared
on or before 5:00 p.m., ET, on
December 31, 2019, unless extended by
the Company (the "Expiration Time").
The Special Dividend will be an analog security, i.e., not
digital, and not a cryptocurrency, and the Special Dividend is
expected to be a fractional non-voting security that, if and when
issued, is expected to only participate in a portion of the
revenue, when and if generated, by the BIGtoken platform, and not
have rights in the event of sale or liquidation of the
company. Management anticipates that the holders of the
Special Dividend will initially represent approximately four
percent (4%) of the aggregate participation of the revenue share
and will be subject to further dilution as BIGtoken is
capitalized. For further questions regarding the Dividend
Right, please contact the information agent at:
Transfer Online, Inc.™
512 SE Salmon St., Portland, OR
97214
+1 (503) 227-2950
"The data market that is estimated to be over $130 billion, and the need for reliable data is
growing," stated SRAX's CEO and Chairman Christopher Miglino. "Throughout the digital
evolution, innovation has solved problems on the internet such as
fraud, the existence of fake traffic, and viewability, the
guarantee that an advertisement is being seen. The companies
that solved these problems created significant value for their
shareholders. Now BIGtoken is poised solve data accuracy and
legitimacy."
Advisement
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. Any term
or condition contained in this press release, other than the claim
that the Special Dividend will be analog and not digital, nor a
cryptocurrency, is made based on the Company's information, beliefs
and anticipated development as of the date hereof. The
Company reserves that right to alter, modify, or change any other
term herein based on future developments.
THE DECLARATION AND ISSUANCE OF THE SPECIAL DIVIDEND IS SUBJECT
TO SUBSTANTIAL STATE AND FEDERAL REGULATION AS WELL AS THE POSSIBLE
APPROVAL OF ANY EXCHANGE ON WHICH THE SHARES OF SOCIAL REALITY,
INC. ARE TRADED. ACCORDINGLY, WE CAUTION ANY HOLDER THAT THE
SPECIAL DIVIDEND MAY NEVER BE DECLARED AND EVEN IF DECLARED,
ULTIMATELY MAY NOT BE ISSUE. THE HOLDER IS CAUTIONED TO NOT
PLACE ANY RELIANCE UPON ITS ABILITY TO RECEIVE THE SPECIAL DIVIDEND
IN THE FUTURE OR THE VALUE, IF ANY, THAT SUCH SPECIAL DIVIDEND MAY
HAVE.
BIG Platform
BIG Platform, built on the blockchain by SRAX, is a consumer
data management and distribution system. Under development, SRAX's
blockchain identification graph platform, BIG, is expected to be
the first consumer-powered data marketplace where people will own,
verify and sell access to their data. Through a secure blockchain
platform and open source governance structure, BIG will provide
everyone in the Internet ecosystem choice, transparency and
compensation to manage and access verified data. Participating
consumers will be rewarded, and developers will be able to build
online experiences on top of the BIG Platform. The system also
provides advertisers and media companies access to transparent,
verified consumer data to better reach and serve audiences. SRAX's
BIG Platform will improve the online experience for all interested
parties.
For more information on SRAX's BIG Platform, visit
www.bigtoken.com.
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
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SOURCE Social Reality, Inc.