SRAX Inc: Jumps on deal to raise $13 mln in funding

SRAX

25/06/2020 20:21

** Digital marketing technology provider's shares  SRAX.O 
rise as much as 32% to four-month high of $2.99
    ** SRAX enters agreement to offer $13 mln senior secured
convertible debentures to existing institutional investors at a
fixed conversion price of $2.69  urn:newsml:reuters.com:*:nBw2sNlTva
    ** Company intends to use proceeds to fund expansion of its
data analytics platform Sequire
    ** Up to Wednesday's close, the stock had fallen about 9%
this year

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))