SRAX, Inc. /
DNA Holdings Venture, Inc.
SRAX to Combine with Web3 Investment Company DNA Holdings Venture, Inc.
What happened
SRAX, Inc. entered into a merger agreement with DNA Holdings Venture, Inc. DNA will become a wholly-owned subsidiary of SRAX if the transaction closes.
DNA provides advisory services and invests in Web3 infrastructure. As consideration, SRAX will issue DNA shareholders 1,000 shares of Series C Convertible Preferred Stock, convertible into approximately 75.5% of SRAX’s outstanding common stock upon closing.
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SRAX to Combine with Web3 Investment Company DNA Holdings Venture, Inc.
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