---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-012985"
form_type: "8-K"
ticker: null
cik: "0001538217"
company_name: "SRAX, Inc."
filed_at: "2024-04-03T23:59:59+00:00"
generated_at: "2026-06-04T02:49:53.573072+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# SRAX issues $90K convertible debenture at 20% OID, converts at $0.25, matures 2026

## Summary
- Sold $90,000 principal amount of 0% interest convertible debentures for $75,000 cash (20% original issue discount).
- Debentures mature March 29, 2026; conversion price $0.25 per share subject to standard adjustments.
- Company may prepay at 120% of principal within first 90 days, 135% thereafter; offering closed April 2, 2024.
- Issued in private placement to an accredited investor exempt from registration under Rule 506(b)/Section 4(a)(2).
- Customary events of default include payment default and change of control; principal becomes due immediately upon default.

## SEC filing metadata
- accession: 0001493152-24-012985
- form_type: 8-K
- cik: 0001538217
- company_name: SRAX, Inc.
- filed_at: 2024-04-03T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 1.01, 2.03, 2.04, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538217/000149315224012985/0001493152-24-012985-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538217/000149315224012985/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-012985
- JSON: https://secwatch.observer/filing/0001493152-24-012985.json
- Plain text: https://secwatch.observer/filing/0001493152-24-012985.txt

## Key facts
- Debt Financings
  SRAX, Inc. incurred convertible notes of $90,000 in principal amount at 0%, no interest per annum maturing March 29, 2026.
  - Instrument: convertible notes
  - Principal: $90,000 in principal amount
  - Rate: 0%, no interest per annum
  - Maturity: March 29, 2026
  - Event: incurrence
  source text: On March 29, 2024 SRAX, Inc. (the “Company”) entered into definitive securities purchase agreements (the “Securities Purchase Agreement”) with a certain accredited and institutional investor (the “Purchasers”) for the purchase and sale of an aggregate of: (i) $90,000 in principal amount of Original Issue Discount Convertible Debenture (the “Debentures”) for $75,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538217/000149315224012985/0001493152-24-012985-index.htm
- Material Agreements
  SRAX, Inc. entered into Securities Purchase Agreement with certain accredited and institutional investor valued at $90,000 in principal amount of Original Issue Discount Convertible Debenture (effective 2024-03-29).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain accredited and institutional investor
  - Value: $90,000 in principal amount of Original Issue Discount Convertible Debenture
  - Effective: 2024-03-29
  source text: On March 29, 2024 SRAX, Inc. (the “Company”) entered into definitive securities purchase agreements (the “Securities Purchase Agreement”) with a certain accredited and institutional investor (the “Purchasers”) for the purchase and sale of an aggregate of: (i) $90,000 in principal amount of Original Issue Discount Convertible Debenture (the “Debentures”) for $75,000 (representing a 20% original issue discount) (“Purchase Price")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538217/000149315224012985/0001493152-24-012985-index.htm

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