- SRAX sold its pharmaceutical arm, SRAXmd, and it continues to invest in its flourishing BIGtoken platform
- Major brands Kraft and Sun-Maid launched programs within the BIGtoken platform
- SRAX continues toward its goal of developing the largest, most valuable opted-in data set worldwide
With a platform of 16 million members that continues to grow and some of the largest consumer packaged goods brands in the country embracing SRAX Inc.’s (NASDAQ: SRAX) BIGtoken platform, the company’s third-quarter achievements are significant indicators toward attaining its goal of building the largest and most valuable opted-in data set in the world.
On the cusp of having sold its pharmaceutical arm, SRAXmd, to a group of institutional investors for $43 million (http://nnw.fm/u6VHH), SRAX has proven that it can build value in its verticals in the past. The company utilized this profit to invest in its BIGtoken platform technology, clear its balance sheet of $12 million in debt and payables, and buy back over 700,000 shares. Additionally, SRAX retained a 31 percent ownership stake in SRAXmd at the close of the transaction, representing...
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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