Big Token Inc (fka BGTK)

[I ll be back]

Big T JUST retired 149B in commons!

1.1 On the Closing Date, in exchange for the Common Shares, the Company shall deliver to SRAX the Series D Shares. Upon receipt of the Series D Shares in accordance with this Section 1.1, all of the SRAX rights under the Common Shares shall be extinguished and the Common Shares will be retired.

This was just filed with the SEC:

On December 29, 2021, BIGtoken, Inc. (the ?Company?) entered into an exchange agreement (?Exchange Agreement?) with SRAX, Inc., its former parent company (?SRAX?). Pursuant to the Exchange Agreement, SRAX exchanged all 149,562,566,584 shares of the Company?s common stock (?Common Stock?) owned by SRAX for 242,078 shares of the Company?s Series D Convertible Preferred Stock (?Series D Stock?) (the ?Exchange?). The Series D Stock issued to SRAX is (i) convertible into the same number of shares of the Company? Common Stock held by SRAX immediately prior to the Exchange (subject to a beneficial ownership limitation on conversion), (ii) is non-voting except as required by law and (iii) is otherwise on parity with the Company?s Common Stock with regard to its rights, preferences and limitations.

https://fintel.io/doc/sec-bigtoken-inc-1518720-8k-2021-december-30-18991-6038?utm_source=fintel&utm_medium=email&utm_campaign=filing-b