SOCIAL REALITY, INC. (NASDAQ:SRAX) Files An 8-K Entry into a Material Definitive Agreement

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SOCIAL REALITY, INC. (NASDAQ:SRAX) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01

Entry into a Material Definitive Agreement.

On December 4, 2017, Social Reality, Inc. (the “Company”) entered into a settlement agreement (“Settlement Agreement”) with tronc, Inc. and Tribune Content Agency, LLC with regard to case no. 2017 L 008638 that was previously disclosed on a Current Report on Form 8-K filed on September 25, 2017. to the Settlement Agreement, neither party admitted any fault or liability and the parties entered into a mutual release resolving the matter. Additionally tronc agreed to (i) pay the Company $2,250,000 representing amounts owed for advertisements placed by the Company as well as accrued interest and related costs; and (ii) provide the Company with $300,000 in media spread over a consecutive twelve month period commencing on a date to be identified by the Company and agreed to by tronc. The Company is filing this disclosure to update its previously filed disclosure to the Securities Exchange Act of 1934, as amended.

Item 8.01

Other Events.

The information set forth above in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference in its entirety.


About SOCIAL REALITY, INC. (NASDAQ:SRAX)

Social Reality, Inc. is an Internet advertising and platform technology company. The Company provides tools to automate the digital advertising market. It is engaged in the sales of digital media advertising campaigns to advertising agencies and brands; sales of media inventory through real-time bidding (RTB) exchanges; sale and licensing of its SRAX Social platform and related media, and creation of custom platforms for buying media on SRAX for various brands. Its technology assists publishers in delivering their media inventory to the RTB exchanges. It provides the SRAX platform to brands and their advertising agencies. SRAX Social is a social media and loyalty platform that allows brands to launch and manage their social media initiatives. SRAX MD is an advertisement targeting and data platform for healthcare brands and medical content publishers. SRAX APP is a platform that allows publishers and content owners to launch native mobile applications through its SRAX platform.