---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-039577"
form_type: "8-K"
ticker: null
cik: "0001538217"
company_name: "SRAX, Inc."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T19:58:38.446199+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# SRAX raises $460K via convertible debenture; senior lender converts $454K debt

## Summary
- $552K principal debentures sold at $460K (20% OID) to accredited investors; mature Nov 2024, 0% interest.
- Debentures convertible at $0.25/share, subject to 4.99% beneficial ownership limitation.
- Warrants to purchase up to 3.68M shares at $0.25/share (200% of conversion shares).
- Senior secured lender converted $454,202 owed into same note, receiving 3.63M warrants.
- Securities issued in private placement exempt from registration under Rule 506(b) and Section 4(a)(2).

## SEC filing metadata
- accession: 0001493152-23-039577
- form_type: 8-K
- cik: 0001538217
- company_name: SRAX, Inc.
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 2.04, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538217/000149315223039577/0001493152-23-039577-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538217/000149315223039577/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039577
- JSON: https://secwatch.observer/filing/0001493152-23-039577.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039577.txt

## Key facts
- Debt Financings
  SRAX, Inc. incurred convertible notes of $552,000 in principal amount of Original Issue Discount Convertible Debenture with certain accredited and institutional investors at 0%, no interest per annum maturing November 3, 2024.
  - Instrument: convertible notes
  - Principal: $552,000 in principal amount of Original Issue Discount Convertible Debenture
  - Counterparty: certain accredited and institutional investors
  - Rate: 0%, no interest per annum
  - Maturity: November 3, 2024
  - Event: incurrence
  source text: On November 2, 2023, SRAX, Inc. (the “Company”) entered into definitive securities purchase agreements (the “Securities Purchase Agreement”) with certain accredited and institutional investors (the “Purchasers”) for the purchase and sale of an aggregate of: (i) $552,000 in principal amount of Original Issue Discount Convertible Debenture (the “Debentures”) for $460,000 (representing a 20% original issue discount) (“Purchase Price”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538217/000149315223039577/0001493152-23-039577-index.htm
- Material Agreements
  SRAX, Inc. entered into Securities Purchase Agreement with certain accredited and institutional investors valued at $552,000 in principal amount of Original Issue Discount Convertible Debenture for $460,000 (effective 2023-11-02).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited and institutional investors
  - Value: $552,000 in principal amount of Original Issue Discount Convertible Debenture for $460,000
  - Effective: 2023-11-02
  source text: On November 2, 2023, SRAX, Inc. (the “Company”) entered into definitive securities purchase agreements (the “Securities Purchase Agreement”) with certain accredited and institutional investors (the “Purchasers”) for the purchase and sale of an aggregate of: (i) $552,000 in principal amount of Original Issue Discount Convertible Debenture (the “Debentures”) for $460,000 (representing a 20% original issue discount) (“Purchase Price”) and (ii) warrants to purchase up to 3,680,000 shares of the Company’s Class A common stock (the “Warrants”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538217/000149315223039577/0001493152-23-039577-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.