SRAX Inc. (NASDAQ: SRAX) CEO and LD Micro President Discuss Impending Synergistic Acquisition as BIGtoken Announces New Additions to Board of Directors
SRAX CEO Christopher Miglino recently joined LD Micro president Chris Lahiji on Stock2Me podcast, discussed SRAX’s recent purchase of LD Micro’s business
- SRAX’s Miglino noted that acquisition of LD Micro would allow SRAX’s investor intelligence platform, Sequire, to broaden range of services offered to clients
- LD Micro’s Lahiji touched on synergies between businesses, opined that every publicly listed company would be resorting to some form of investor intelligence software within five years
- SRAX’s BIGtoken division announced two new additions to its board of directors
SRAX (NASDAQ: SRAX), a financial technology company focused around unlocking data and insights for publicly traded companies through Sequire, its SaaS platform, recently participated in the Stock2Me podcast to elaborate on the company’s recent purchase of micro-cap specialist data company, LD Micro (https://nnw.fm/wPus0). Chris Lahiji, president of LD Micro, and Christopher Miglino, CEO and founder of SRAX, joined the show to discuss the recent acquisition of LD Micro, which will lead LD Micro to continue operating as a wholly owned subsidiary of SRAX with founder Lahiji staying on in his current role as the company’s president.
SRAX CEO Christopher Miglino described the deal as one taking place between two like-minded companies with the end objective of broadening the exposure and level of service offered to their clients. SRAX’s investor intelligence service, Sequire, currently boasts over 105 issuers who actively utilize the platform to gain a better understanding of their shareholder base as well as to connect and interact with new and potential investors. Through the acquisition of LD Micro and its vast universe of public micro-cap issuers as well as the thousands of investors who partake of LD Micro’s services to gain insight into the micro & small-cap listed space, Sequire has sought to combine the inherent synergies offered through the companies’ respective platforms.
“LD Micro was always the best conference that we would go to. We always met the most interesting and notable investors there,” stated Miglino. “As we started to develop our Sequire platform for public companies, we thought it would be a great match to bring that community together with Sequire so that we could help issuers on our platform get more exposure to additional investors. Instead of just presenting to a room of 50 people, companies can present to 10,000 people or 100,000 people or a million people, virtually. We think the combination of technology and physical events is going to do really, really well together.”
Similarly, while LD Micro has long prided itself in hosting the most exclusive micro-cap conference in the United States with thousands of companies vying to meet with the legion of specialized investors in attendance, the tie-up with SRAX will allow the company to broaden its service offerings going forward.
“If you look at what we’ve built at LD, we’ve had a lot of interest over the last 11 or 12 years in getting acquired, but the reality was that every single organization wanted to use the community that we had built for the wrong purposes,” LD Micro president Chris Lahiji stated during the podcast. “Christopher Miglino was the only guy who came to me and essentially asked the right questions and found a way of taking what we had built since 2002 and enhancing it. . . . With SRAX, I have the ability to increase my reach by more than 100-fold without having to sacrifice anything that has been built prior to [the acquisition]. The dynamics that they bring to the table for LD are incalculable.”
Elsewhere, BIGtoken Inc., a division of SRAX which will soon become a separate publicly traded company through a previously-announced merger with Force Protection Video Equipment (“FPVD”), announced its appointment of Daina Middleton and Yin Woon Rani to its board of directors (https://nnw.fm/GdbWb). Following the two new appointments, Middleton and Rani will join SRAX CEO Christopher Miglino and BIGtoken CEO Malcolm CasSelle on the board of the company.
“We are very pleased to have Daina and Yin join our board,” said BIGtoken CEO Malcolm CasSelle. “Daina’s marketing and leadership experience with large corporations like Twitter and HP combined with Yin’s extensive CPG background, having worked at Campbell Soup and the Grey Group agency where she managed accounts with Hasbro, P&G, and M&M, will make the leadership team here at BIGtoken a true powerhouse. BIGtoken is ready to take on the next phase of growth and with our two new board members, we are sure to make a substantial impact in the digital media and data space.”
Upon completion of the transaction with Force Protection Video Equipment Corp (“FPVD”) whereby SRAX will receive 88.9% of the issued and outstanding shares of FPVD in exchange for 100% of the shares of BIGtoken, FPVD will be rebranded as BIGtoken.
For more information on SRAX Inc., visit the company’s website at www.SRAX.com .
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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