Item 8.01 Other Events.
On December 16, 2022, SRAX, Inc. (the "Company") received a determination from
the Nasdaq Hearings Panel (the "Panel") granting the Company's request for the
continued listing of its Class A Common Stock on The Nasdaq Stock Market
("Nasdaq"), subject to the Company evidencing compliance with Nasdaq's filing
requirement, as set forth in Nasdaq Listing Rule 5250(c)(1), on or before
February 28, 2023, and certain other conditions. The Company is working to file
its delinquent periodic reports with the Securities and Exchange Commission as
soon as practicable and thereby timely evidence compliance with the terms of the
Panel's decision. There can be no assurances however that the Company will be
able to do so.
Cautionary Statement Regarding Forward Looking Statements
This communication contains "forward-looking" statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including, without
limitation, statements related to the anticipated filing of certain of the
Company's period reports with the SEC, and other statements that are not
historical facts. Any statements contained in this communication that are not
statements of historical fact may be deemed to be forward-looking statements.
Forward-looking statements may be identified by the use of words referencing
future events or circumstances such as "expect," "intend," "plan," "anticipate,"
"believe," "will," and similar expressions and their variants. These
forward-looking statements are based upon the Company's current expectations.
Forward-looking statements involve risks and uncertainties. The Company's actual
results and the timing of events could differ materially from those anticipated
in such forward-looking statements as a result of these risks and uncertainties.
Item 9.01 Financial Statements and Exhibits
Exhibit
No. Description
99.01 Press Release dated December 20, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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