- SRAX Inc. reveals that entrepreneur and 2020 presidential candidate, Brock Pierce, is joining Company’s Board of Directors
- Pierce has been involved with over 100 companies as an entrepreneur, and was formerly involved in sale of Five Delta to SRAX in 2014
- Pierce will bring a significant track-record in capital markets along with him, essential skill sets which will benefit ongoing development of SRAX’s Sequire platform
SRAX (NASDAQ: SRAX), a digital marketing pioneer focused on providing consumer data management services, revealed that entrepreneur, philanthropist and 2020 presidential candidate Brock Pierce has joined the SRAX board of directors. Pierce will be replacing Malcolm CasSelle, the former CEO of BIGtoken, who passed away in November of 2020.
Brock Piece has a long and illustrious track record as an entrepreneur, having co-founded, advised, and funded over 100 companies, which in turn, has led to the creation of new employment opportunities and marketplaces through technological innovation, including the use of novel blockchain technologies.
Pierce also boasts a lengthy association with SRAX, having been responsible for the formation of Five Delta, a company purchased by SRAX in 2014 which held a number of patents centered around social media ad targeting. The Five Delta team and the company’s technological solutions would go on to form SRAX MD, a company which would ultimately be spun off by SRAX to private equity buyers in 2018 for a gross consideration approximating $50 million.
“Brock Pierce is one of the smartest people and one of the most significant visionaries I have ever met,” said SRAX CEO and Founder Christopher Miglino. “He has been able to see trends early and has been able to capitalize on those insights. We are honored to have him join our Board of Directors and are especially honored to have him replace the seat left behind from the passing of Malcolm CasSelle whom we loved, respected, and miss daily.”
SRAX has recently centered its operational efforts around Sequire, the Company’s proprietary investor intelligence platform which has grown to boast over 3 million retail investors. Launched as a standalone platform in early 2020, Sequire has attracted over 91 publicly listed companies as subscribers (https://ibn.fm/YiXuZ), many of which have benefited from the unparalleled access to a vast universe of untapped investors.
Retail investors have been increasingly active within the U.S. equity market over the past year, with brokerage TD Ameritrade revealing last year that it had seen nearly 1.76 million retail accounts opened during January through September of 2020—a record amount for the company over the first nine months of a year. Meanwhile, Goldman Sachs strategists recently raised their 2021 net equity demand estimates from US households from $100 billion to $350 billion (https://ibn.fm/LBfGb) in reflection of the growing number of retail investors.
“SRAX is changing the way that investors interact with public companies and fundamentally changing the interaction between the retail investor and the capital markets,” said Brock Pierce. “This year, more than ever, the strength of the retail investor has become apparent to the board room. SRAX is at the forefront of this shift, and I look forward to sharing my capital markets experience with the team,” he concluded.
For more information, visit the companies’ 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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