Big Token Inc (fka BGTK)

[RCRanger03]

Nice video, tomorrow should be interesting, especially when FPVD/BIGT is presenting

I still don't quite understand the deal that was done. FPVD got 100% of BigToken, but then SRAX got 88.9% of FPVD so effectively they get 89% of the public version of BigToken... why is that better than 100% of the private version. Who got the other 11%? Paul Feldman? What happened to FPVDs camera IP?

From the 10Q

On September 30, 2020, the Company and Paul Feldman, our sole officer, director, and the sole holder of the Company’s Series A Preferred Stock (“Series A Preferred Stock”) entered into a Share Exchange Agreement (the “Agreement”) with SRAX, Inc. (“SRAX”) to acquire SRAX, Inc.’s wholly owned subsidiary, BIG Token, Inc. (“BIGtoken”). At closing, the Company will receive 100% of the outstanding equity shares of BIGtoken in exchange for the Company’s issuance of such number of shares of its common stock (“Common Stock”) to SRAX which shall equal 88.9% of issued and outstanding shares of Common Stock post-closing. In addition, Paul Feldman has agreed to transfer his 5,000,000 shares of Series A Preferred Stock to SRAX. The transaction will result in a change of control of the Company and the appointment of a new board of directors and officers and is subject to certain condition precedents of the Company.



The foregoing transaction was reported in the Company’s 8-K which was filed by the Company on October 5, 2020, which is incorporated herein by reference.