Fintech News

SRAX Announces Closing of LD Micro Acquisition

SRAX Announces Closing of LD Micro Acquisition

SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, announced that it has closed the acquisition of LD Micro, a leading data and event company serving the small and micro-cap space.

As consideration for the acquisition, SRAX (i) issued 1,600,000 shares of Class A common stock that are subject to lock-up for thirty-six (36) months to shareholders of LD Micro and (ii) will pay four (4) $1,000,000 quarterly installments with the first payment made at the closing.

LD Micro will be a wholly-owned subsidiary of SRAX and will continue to employ Christopher Lahiji, its founder, as president. Mr. Lahiji has also been appointed to the board of directors of SRAX.

Read More: Doxim Announces Omnichannel Loan Origination and Account Opening in Partnership with Mobetize

Related posts

Santander Acquires Technology Assets From Wirecard, Accelerating the Expansion of Its Merchant Payment Business, Getnet

Fintech News Desk

Prospector Announces an AI-Driven Technology Platform for Investors in Collaboration with TMX Datalinx

Fintech News Desk

MoneyGram Expands Real-Time Digital P2P Payments with Visa Direct through New Checkout.com Partnership

Fintech News Desk
1