SRAX, Inc. announced the company has entered into a revolving credit facility and launched a website that allows investors to track the current value of the company's marketable securities portfolio. The revolving credit facility allows the company to draw up to $9.5M over the next 2 years. The borrowing base of the Credit Facility is determined by the company's cash and up to 70% of the market value of the marketable securities held by the company, not to exceed $9.5M.

The repayment of the Credit Facility is based on a percentage of the sales of the marketable securities from Sequire customers. The amount of the Credit Facility which is outstanding is convertible into common shares at $15 per share. It also requires the company to repurchase a minimum of $1M worth of SRAX's stock under $5 per share.