- In September 2020, SRAX acquired LD Micro, a leader in in small- and micro-cap conferences.
- After almost two years of virtual-only conferences because of COVID-19 restrictions, this year’s main event is both in-person and virtual
- LD Micro is utilizing technology of a multitude of presenting public companies to ensure the safety and comfort of all event attendees
In the small cap space, the premier conference every year is the LD Micro main event, a gathering of up-and-coming companies and the most powerful people in the small cap world. Owing to COVID-19, investors have been deprived of the in-person convention for almost two years, with pandemic rules in California restricting the conference to a virtual format during the outbreak. That is over, though, as the live event is back, taking place in person on October 12-14th at the Luxe Sunset Bel Air, marking it the first in-person event since LD Micro was acquired by SRAX (NASDAQ: SRAX) in September 2020.
Since 2008, over 1,600 companies have presented to LD Micro’s large community of analysts and investors. LD Micro was founded by Chris Lahiji in 2006 for the sole purpose of being an independent resource in the microcap space. Started as a newsletter focused on companies with tiny market capitalizations, LD Micro grew into a well-respected data and event company providing exposure to companies that went on to great success, such as OptimizeRx Corp. (NASDAQ: OPRX) (https://ibn.fm/r9Yqx), which replaced Lydall Inc. (NYSE: LDL) in the S&P SmallCap 600 on Monday, October 4. In 2017, OptimizeRx, a regular at the LD main event previously, traded as low as $1.89 per share before it exploded upward, trading near $90 per share, currently with a market cap over $1.5 billion.
The acquisition by LD Micro last year for approximately $7.61 million in cash and stock (total consideration accounts for cash received and adjustments per regulatory filings) was a natural bolt-on for SRAX, a financial technology company that unlocks data and insights for publicly traded companies through its Sequire platform. Sequire is an intelligence and communications platform that uses cutting-edge technology to allow companies to follow their shareholders’ behaviors and trends, in turn using this information to engage current and potential investors across multiple marketing channels.
With the acquisition, LD Micro and SRAX can cross-pollinate services to millions of investors and companies. SRAX founder and CEO Christopher Miglino said the acquisition would be immediately accretive and he apparently was correct, as evidenced by SRAX reporting a 557% year-over-year jump in Q2 revenue to $7.7 million. The growth undergirded SRAX announcing a $10 million stock buy-back program and special dividend for shareholders.
This year’s main event will bring together both physical and virtual elements to form a truly unique experience. The event is expected to feature over 150 companies, each presenting for 25 minutes. Whether presented online or live, all presentations will be available for online viewing.
LD Micro is taking special precautions to ensure the safety and comfort of all attending the in-person convention. LD Micro is working with a group of public companies in this capacity, with Todos Medical (OTCQB: TOMDF), TOMI(TM) Environmental Solutions (NASDAQ: TOMZ), Remark Holdings (NASDAQ: MARK), Energy Focus, Lakeland Industries (NASDAQ: LAKE), good natured Products (TSX.V: GDNP), Biomerica (NASDAQ: BMRA), Pure Bioscience (OTCQB: PURE), Nightfood Holdings (OTCQB: NGTF), and GreenPower Motor Company (NASDAQ: GP) (TSX.V: GPV) providing COVID-19 safety products or services during the event.
“If the NBA can pack an indoor stadium with screaming, mask-less fans, we can have an outdoor get-together. The energy is going to be unmatched because people want to see their friends again, the same goes for me as well,” said Lahiji. Lahiji joined the SRAX board upon the completion of the acquisition and continues to lead LD Micro as a subsidiary of SRAX.
For more information, visit the company’s website at www.SRAX.com.
NOTE TO INVESTORS: The latest news and updates relating to SRAX are available in the company’s newsroom at http://ibn.fm/SRAX
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