- LD Micro reconstitutes index to reveal 35.73% increase over 2020, 423 new listings for total of 1,189 companies
- Index includes US and Canadian companies with market cap between $50-300 million, average daily traded value of $50,000 in previous quarter
- LD Micro is subsidiary of SRAX, provider of Sequire SaaS investor analytics platform
SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through its Sequire SaaS platform, recently announced that its LD Micro subsidiary reconstituted its North American microcap index to reveal a 35.72% increase of 423 new listings for a total of 1,189 companies (https://ibn.fm/a7p3d).
LD screens companies based on selection criteria that include market cap, trading value, listing, and filing information. To qualify for inclusion on its list, companies must be listed in the United States or Canada, have a market cap between $50 million and $300 million, an average daily traded value of $50,000 in the last quarter, and a 10Q or 10K filed in the preceding calendar year (https://ibn.fm/4fQXR).
“I cannot believe what I’ve seen in the past year,” said Chris Lahiji, President of LD Micro (https://ibn.fm/jOYwN). “The LD Micro Index has more than tripled from its March 2020 lows. The tiniest public companies were also some of the biggest winners last year, and already year-to-date. As each day goes by, the Index becomes more and more consequential to the next generation of great companies.”
Lahiji founded LD Micro as an independent resource to the microcap world in 2006, growing it quickly to become the premier event platform in the space. Following the identification of potential synergies with Sequire – SRAX’s SaaS platform that unlocks investor intelligence for private companies – LD micro was acquired by SRAX in September of 2020.
“LD Micro is, without a doubt, one of the most well-known and respected brands in micro-cap,” said SRAX CEO and founder Christopher Miglino. “Chris Lahiji and his team have done an incredible job of creating a loyal community of investors and issuers.”
Sequire empowers public companies with critical insights into the activities of both retail and institutional investors, helping them create and activate successful campaigns aimed at increasing investor engagement. Since 2019, the SaaS platform has grown to over 3 million active users that include investors and traders from over 90 public companies (https://ibn.fm/L8hSO).
In addition to Sequire, SRAX focuses on building the largest and most reliable opted-in data sets that span a broad range of industry verticals. As the power of data continues to increase across the digital landscape, the Company continues to focus on its mission to provide brands and companies across the CPG, luxury, lifestyle and financial spaces with high-quality data that provides key, actionable insights integral to strategic marketing campaigns.
For more information, visit the company’s 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