SRAX, Inc. (NASDAQ:SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, announced that it received a delisting notice from NASDAQ after the close of the market on March 7, 2023.
The delisting notice states that the company’s shares will be suspended from trading on NASDAQ at the opening of business on March 9, 2023. The company’s shares will then move to the expert market on the OTC until the company is current on its financials. Once the company is current, it will then move to the PINK market. At that time, the company can evaluate how it would like to proceed. For more information on the OTC markets go to Otcmarkets.com.
The company is disappointed to receive this delisting notice but is committed to addressing the issue and regaining compliance as soon as possible. The company’s underlying business continues to perform well, with over 25 new customers added in Q1 of 2023.
SRAX had hoped that NASDAQ would allow more time to become current on its financials, as the company is working diligently to finalize its filings. The company remains committed to keeping its shareholders informed of any further developments.
