SOCIAL REALITY, INC. (NASDAQ:SRAX) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security
Holders.
On June 23, 2017, Social Reality, Inc. (the Company) held a
special meeting of stockholders where one proposal was voted upon
and approved. The proposal is described in detail in the
Company’s definitive proxy statement filed with the Securities
and Exchange Commission on May 22, 2017. Of the 8,025,017 shares
of Class A common stock outstanding and entitled to vote at the
special meeting, 5,597,070 shares (or 69.7%), constituting a
quorum, were represented in person or by proxy at the special
meeting. The final vote on the proposal was recorded as follows:
Proposal 1. To approve for purposes of complying with NASDAQ
Listing Rule 5635(d), the issuance of shares of the Company’s
Class A common stock upon the conversion of outstanding 12.5%
senior secured convertible debentures, together with shares of
its Class A common stock underlying outstanding Series A common
stock purchase warrants issued and sold by the Company in a
private offering in April 2017 that may be equal to or exceed 20%
of its Class A common stock outstanding before the private
offering without giving effect to any limitation on the number of
shares of its Class A common stock issuable to such debentures or
warrants and could result in a change of control of the Company.
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For |
Against |
Abstain |
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4,739,516 |
855,536 |
2,018 |
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.