SRAX, Inc., a digital marketing and consumer data management technology company, announced it entered into a secured term loan with an affiliate of B. Riley Financial, Inc. (“B. Riley”), a diversified financial services company which provides comprehensive business advisory and capital markets solutions through its subsidiaries.
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“We are excited to partner with B. Riley. The team is experienced and will help us take the next steps in executing our plan,” said Christopher Miglino, Founder and CEO of SRAX. “This financing will help fuel growth as both BIGtoken.com and SRAXir.com are gaining traction in their goals to be the leaders in their respective data businesses.”
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“We’re pleased to provide SRAX with necessary financing to support its growth. The shifting privacy landscape has required brands and marketers to embrace new technology to reach desired consumer groups, and we believe SRAX is well positioned to capitalize on this opportunity,” said Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley Financial.
Details of the transaction can be found in the Company’s Current Report on Form 8-K, which will be filed with the SEC.
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