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Data Firm Goes Public by Reverse Merger | San Fernando Valley Business Journal

Westlake Village data firm BIGtoken announced it has gone public through a reverse merger with Force Protection Video Equipment Corp., a North Carolina company that sells video and audio equipment to police units. BIGtoken’s parent company, SRAX Inc., a fintech firm publicly traded on the Nasdaq, entered a share exchange agreement in September with Force Protection, which trades on the over-the-counter markets for pennies a share. Force Protection issued to SRAX more than 159 billion shares of common stock in exchange for all of BIGtoken’s issued and outstanding shares, plus promissory notes valued around $850,000. Force Protection will be renamed BIGtoken Inc. Cryptocurrency pioneer and digital media veteran Lou Kerner was hired earlier this month to lead the resulting company as chief executive.

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