secwatch.observer — SEC 8-K summary
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Issuer:     SRAX, Inc. (—)
CIK:        0001538217
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001493152-24-009026
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 2.04, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SRAX issues $90K convertible debenture at 20% discount; conversion price $0.25
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- Issued $90K principal of 0% convertible debenture for $75K (20% original issue discount).
- Matures Feb 28, 2026; convertible into common at $0.25 per share.
- Company may prepay at 120% within 90 days, 135% thereafter.
- Amends Series B preferred to modify ownership limits and eliminate NASDAQ shareholder vote.
- Private placement closed March 5, 2024 under Rule 506(b) and Section 4(a)(2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538217/000149315224009026/0001493152-24-009026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538217/000149315224009026/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-009026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer