SRAX, Inc. (SRAX): PESTLE Analysis [Nov-2025 Updated]

SRAX isn't a simple stock in late 2025; you're looking at a FinTech and digital investor relations (IR) platform operating right in the crosshairs of regulatory change and technological upheaval, especially after the Sequire spin-off. The real story isn't just about their balance sheet, but how they navigate the Political pressure from the SEC on retail investor data, the Economic squeeze of high interest rates on corporate IR budgets, and the massive Technological shift toward AI-driven audience segmentation. Honestly, the near-term risk profile is defintely defined by compliance-specifically, the cost of meeting stricter Legal mandates like the California Consumer Privacy Act (CCPA) while keeping up with the Sociological demand for Environmental, Social, and Governance (ESG)-focused, paperless communication and the Environmental push for data center efficiency. To understand SRAX's trajectory, we need to map these six macro-forces right now.

SRAX, Inc. (SRAX) - PESTLE Analysis: Political factors

Increased US Securities and Exchange Commission (SEC) scrutiny on retail investor communication

The regulatory environment for FinTechs like SRAX, which operates the Sequire investor intelligence platform, is defintely tightening up, especially around retail investor communication. The US Securities and Exchange Commission (SEC) is prioritizing investor protection, focusing heavily on how public companies and their service providers use digital channels to engage the retail base. This scrutiny is driven by concerns over market manipulation stemming from social media and the misleading use of new technology like Artificial Intelligence (AI). The SEC's Investor Advisory Committee, for instance, held a public meeting in March 2025 to specifically examine 'Retail Investor Fraud in America' and 'Disclosure of Artificial Intelligence's Impact on Operations.'

The SEC is not just talking; they are enforcing. In Q1 of the 2025 fiscal year, the SEC conducted at least 200 enforcement actions, with a clear focus on emerging technological risks and social media-driven market manipulation. This includes a major sweep on off-channel communications (like texts and personal emails) used by financial firms. In January 2025, the SEC announced charges against nine investment advisers and three broker-dealers for recordkeeping failures, resulting in combined civil penalties of $63 million. For SRAX, whose platform offers automated email and SMS features to communicate with over 5 million retail investors, this means the compliance bar for recordkeeping, disclosure, and anti-fraud controls is higher than ever. You need to treat every message as a potential regulatory exhibit.

Global push for tighter regulation of digital advertising data practices

Because SRAX's Sequire platform leverages data and marketing channels to help public companies reach potential investors, it sits squarely in the crosshairs of global digital advertising and data privacy regulation. The shift away from third-party cookies and toward explicit user consent is a massive political headwind. In the European Union, the Digital Services Act (DSA) and Digital Markets Act (DMA) are now fully in force, banning targeted online ads based on sensitive personal data, which directly impacts any global ad-tech component of SRAX's business model.

Also, the US state-level regulatory patchwork is becoming a compliance nightmare. By the end of 2025, an estimated eight additional US states will have implemented new privacy laws modeled after the California Consumer Privacy Act (CCPA). This fragmentation forces companies to adopt the highest common denominator of compliance, increasing operational costs. The global big data industry is still growing, projected to reach $229.4 billion by 2025, but the cost of accessing and processing that data compliantly is rising faster than ever.

Here's a quick look at the key global regulatory pressures in 2025:

• EU GDPR: Stricter enforcement on cross-border data transfers.
• EU DMA/DSA: Bans targeted ads based on sensitive personal data.
• US State Laws: Eight new states adopting CCPA-like privacy rules.

Geopolitical tensions impacting cross-border data flow agreements

The global digital economy relies on seamless cross-border data flows, which are projected to contribute $11 trillion to global GDP in 2025. But geopolitical tensions are fragmenting this flow, forcing companies to adopt costly data localization strategies. This is a critical risk for any FinTech that aggregates and analyzes investor data internationally.

Governments, especially those engaged in geopolitical competition, are enacting data localization laws to mitigate national security risks and encourage local economic growth. As of April 2025, the Digital Policy Alert has documented 332 developments at the national and EU level related to restricting data flows, including data transfer conditions and localization obligations. For a US-based company, the key challenge is navigating the divergence between US 'free data flow' principles and the EU's 'adequate protection' mandate, where countries must meet the EU's strict data protection requirements for data to flow freely. China, for instance, has clarified its strict data regime, allowing transfers only after security assessments, certifications, or standard contracts.

Potential US federal legislation on FinTech market structure

The US government is finally moving toward bespoke legislation for digital asset market structure, which will ultimately impact the broader FinTech and investor communication landscape. This legislative push aims to resolve the long-standing jurisdictional ambiguity between the SEC and the Commodity Futures Trading Commission (CFTC).

In 2025, we saw significant movement: the Senate Agriculture Committee released a discussion draft in November 2025, building on the House's CLARITY Act. Separately, the Senate Banking Committee released its own discussion draft, the 'Responsible Financial Innovation Act of 2025,' in August 2025. The key takeaway is the emerging consensus to codify asset classification: the CFTC would gain exclusive jurisdiction over 'digital commodities' and their spot markets, while the SEC would retain oversight of 'digital asset securities.'

For SRAX's FinTech platform, this clarity is a double-edged sword. While clear rules are always better than 'regulation by enforcement,' any new framework will impose fresh registration, disclosure, and customer protection mandates on platforms that interact with digital assets or provide data on them. The new legislation is expected to require trading venues, brokers, and dealers in digital commodities to register with the CFTC, much like traditional market infrastructure. This is a critical development for any future expansion of the Sequire platform into the digital asset space.

SRAX, Inc. (SRAX) - PESTLE Analysis: Economic factors

You're looking at SRAX, a FinTech platform whose fortunes are tied directly to the health of the small-cap public market, and honestly, the macroeconomic picture in 2025 is a mixed bag. The core takeaway is that while high rates and volatility are headwinds, the shift in corporate spending toward strategic digital Investor Relations (IR) is a clear tailwind for SRAX's Sequire platform.

Persistent inflation and high interest rates slowing venture capital funding into FinTech.

The Federal Reserve's sustained high-interest-rate environment, with the Fed Funds target rate hovering around 4.25-4.50% in 2025, has fundamentally changed the cost of capital. This is a double-edged sword for a FinTech company like SRAX. On one hand, the high rates push investors to prioritize profitability over growth-at-all-costs, which is a good filter for the quality of SRAX's client base-public companies need real revenue.

But the flip side is that the high cost of capital has tightened the venture capital (VC) market, which is the pipeline for future SRAX clients. Global FinTech investment in the first half of 2025 was approximately $44.7 billion, a volume not seen since the first half of 2020. While funding is stabilizing, the bar for performance is much higher, slowing the pace of new, smaller companies entering the public market that would typically become Sequire customers. Here's the quick math on the broader market trend:

Strong US dollar affecting international revenue conversion.

The US dollar remains relatively strong through late 2025, with the US Dollar Index (DXY) trading around the 100.14 to 100.25 level in November. A strong dollar makes SRAX's services more expensive for international clients when their local currency is converted to US dollars, which is the currency SRAX primarily reports in. This can dampen demand from non-US public companies looking for Investor Relations solutions.

To be fair, SRAX's core client base-small-cap companies-are generally more insulated from this issue than large multinational corporations. Small-cap stocks in the Russell 2000 Index have a disproportionately higher domestic revenue exposure. Still, any international revenue SRAX does generate will be translated back at a less favorable rate, shrinking the reported dollar amount on the income statement.

Corporate budget tightening reducing spend on non-essential investor relations (IR) services.

The narrative isn't simply 'budget tightening,' but a reallocation of corporate spend. Macroeconomic uncertainty and the focus on profitability are forcing SRAX's clients to scrutinize every dollar. However, Investor Relations budgets are actually trending toward an increase in 2025, as IR is recognized as a more strategic function. The tightening is on legacy, non-data-driven services.

This is a clear opportunity for SRAX because its Sequire platform is a digital, data-powered solution. Companies are shifting spend to solutions that offer provable return on investment (ROI) and efficiency, which is what SRAX sells: tracking investor behavior and trends.

• IR budgets are increasing in 2025, but with a focus on strategic value.
• Companies are demanding digital platforms for investor engagement.
• AI integration in IR, a feature SRAX can incorporate, is moving from novelty to necessity.

Volatility in the small-cap public markets, SRAX's core client base.

Volatility in the small-cap market is a persistent risk for SRAX, as its clients are disproportionately affected by market swings. Through the first half of 2025, the Russell 2000 Index, a key small-cap benchmark, fell by -1.8%. This volatility creates an unstable environment for SRAX's customers, potentially leading to churn or delayed contract renewals, as smaller companies prioritize core operations over IR spending during market stress.

However, this volatility also creates opportunities for SRAX's data-driven platform, as companies need better intelligence to navigate uncertain markets. The small-cap market is expected to have a stronger earnings outlook, with analysts forecasting 22% EPS growth for small-caps in 2025, compared to 15% for large-caps. This anticipated fundamental strength provides a solid, long-term justification for SRAX's services, despite the near-term price swings.

SRAX, Inc. (SRAX) - PESTLE Analysis: Social factors

Growing retail investor participation demanding simplified, direct corporate access.

The rise of the retail investor is no longer a fringe market phenomenon; it is a core structural shift that SRAX's business model directly addresses. Retail investors are estimated to account for about 20.5% of daily U.S. equity trading volume in mid-2025, a significant jump from roughly 10% a decade ago. This group, with an average age of just 33 years, is digitally native and demands instant, transparent, and direct communication, bypassing traditional Wall Street intermediaries.

In 2025, individual investors funneled a record $155 billion into U.S. stocks and exchange-traded funds (ETFs) in the first half alone, making them a dominant force. This means public companies need a direct line to their shareholders, not just the institutional funds. SRAX's Sequire platform is positioned as the essential tool here, providing data-driven insights to help its clients, like public companies, acquire, manage, and engage with this new class of shareholder. If SRAX can't keep its platform intuitive and mobile-first, it will miss the entire demographic shift.

Increased public awareness and demand for data privacy and ethical data use.

Data privacy has become a major social and ethical consideration, moving from a compliance issue to a competitive advantage in 2025. Consumers expect granular control, and organizations that prioritize transparency are outperforming competitors in brand loyalty. This trend is critical for SRAX because its core product, Sequire, is an investor intelligence platform that utilizes data-driven insights to help clients target and engage investors.

The risk for SRAX lies in the perception of its data collection practices, even if they are compliant. The company's privacy policy states they do not sell phone numbers or personal data to third parties for marketing purposes, which is a necessary baseline of trust. However, with stricter regulations similar to the EU's GDPR and California's CCPA expected to be implemented globally, SRAX must defintely ensure its data governance framework is proactive, not just reactive. The market is now rewarding companies that offer users clear, real-time control over their information.

Shift toward Environmental, Social, and Governance (ESG) reporting as a standard IR expectation.

The expectation for Environmental, Social, and Governance (ESG) disclosures has become a standard part of investor relations (IR), moving from a niche interest to a mainstream requirement in 2025. This is driven by both institutional and retail capital. ESG investment funds attracted $41 billion in new retail capital in 2025, demonstrating sustained interest in sustainable investing. Furthermore, roughly 23% of startups are now highlighting ESG metrics in response to this retail advocacy.

For SRAX's clients, structured, financially relevant ESG disclosures are now a baseline requirement for maintaining investor trust. As the EU's Corporate Sustainability Reporting Directive (CSRD) reports begin to be submitted in 2025 (for FY 2024 data), the global standard is shifting toward mandatory, detailed reporting. SRAX must integrate robust ESG data tracking and communication tools into Sequire to help its clients meet this demand. The ability to track and communicate social metrics-like workforce stability and community engagement-is now as important as financial metrics.

Here is a quick map of the social-driven capital flow SRAX's platform is designed to capture:

Remote work models changing how companies manage and communicate with investors.

The shift to remote and hybrid work models has permanently altered the investor relations landscape, making technology-driven engagement a necessity. The IR function is under a higher burden in 2025 to keep stakeholders informed amid market volatility. This environment has accelerated the adoption of technology for investor communication.

SRAX's business is inherently well-positioned for this trend, as the Sequire platform offers virtual event and communication tools. The future of investor engagement involves more than just video calls; it includes immersive experiences. Virtual and Augmented Reality (VR/AR) are beginning to be used to give investors immersive virtual tours of company assets or factories, making financial conversations more engaging and memorable. SRAX's ability to host events, such as the Sequire Investor Summit, which brings together over 500 investors, funds, and analysts, must be complemented by a year-round, high-tech digital engagement strategy that capitalizes on remote communication.

• Integrate AI tools to predict investor sentiment.
• Offer virtual site visits to remote investors.
• Leverage machine learning for targeted shareholder engagement.

The goal is to provide institutional-grade access to all investors, regardless of their physical location.

SRAX, Inc. (SRAX) - PESTLE Analysis: Technological factors

The technology landscape for SRAX, Inc., whose core business is the Sequire investor intelligence platform, is defined by rapid AI integration and a fundamental shift in how public companies manage shareholder data. Your ability to maintain a competitive edge rests entirely on how fast you can innovate against well-funded competitors like Q4 and Nasdaq IR Insight, plus the looming threat of direct-to-shareholder platforms.

We're not just talking about incremental improvements; this is a race to embed next-generation tools before your core data-aggregation model becomes a bottleneck. The financial reality is that SRAX's revenue from the Sequire SaaS platform, which accounted for 99.75% of total revenues in Q1 2023, is highly exposed to this tech volatility. Honestly, the market demands a defintely modern, secure, and direct communication stack now.

Rapid adoption of Artificial Intelligence (AI) for audience segmentation and personalized IR outreach.

AI is no longer a future concept for Investor Relations (IR); it's table stakes for 2025. About 59% of finance leaders are already using AI in their functions, and 67% are more optimistic about its impact than they were a year ago. This isn't just about efficiency; it's about precision. SRAX's Sequire platform, which tracks investor behavior, must aggressively deploy advanced AI to maintain relevance.

The opportunity here is to move beyond basic investor identification to true hyper-personalization. For instance, AI tools can now summarize earnings events in real-time, tailoring the key takeaways for different investor segments-say, an ESG-focused fund versus a value investor. If you can't offer this level of tailored, data-driven outreach, you risk falling behind competitors who are already using AI to segment their investor communications and refine their messaging based on real-time sentiment analysis.

Obsolescence risk from new ad-tech platforms bypassing traditional data aggregators.

The biggest near-term risk to SRAX's data-centric model comes from the convergence of ad-tech and direct corporate governance. New digital-first shareholder communication platforms like Proxymity are gaining traction because they allow issuers to communicate directly with investors, bypassing the traditional intermediary chain that platforms like Sequire often rely on for data. This direct-to-shareholder model reduces the value of aggregated, third-party data.

Furthermore, the broader AdTech market is consolidating rapidly, with over 240 AI deals worth $55 billion closing in just six months, creating massive, unified competitors. These consolidated entities can offer full-stack solutions-from ad placement to investor targeting-that are hard for a specialized platform to match. Companies like Q4 and Nasdaq IR Insight are already offering centralized data management and real-time updates, putting direct pressure on SRAX's value proposition.

Continued development of blockchain (Distributed Ledger Technology) for secure shareholder voting.

The move toward using blockchain (Distributed Ledger Technology or DLT) for proxy voting and shareholder record-keeping is a long-term opportunity, but it also demands immediate R&D investment. DLT offers a path to a more transparent and efficient corporate governance process, which is exactly what modern investors are demanding. Trials in 2025 have shown that DLT-based voting systems were 98.6% effective in blocking unauthorized data access, which is a powerful security metric for sensitive shareholder data. Plus, blockchain can cut post-election verification time by an average of 43%.

This technology is a clear strategic imperative for any IR platform. If SRAX can integrate DLT for secure voting or shareholder tokenization, it creates a new, high-value, defensible feature. If you wait, a competitor will own the future of secure shareholder engagement.

Here's the quick math on DLT's value proposition:

Need for massive investment in cybersecurity to protect sensitive investor data.

Given that SRAX's core asset is sensitive investor data, the cost of a breach is a significant financial risk. For the financial sector, the average cost of a data breach is a staggering $6.08 million per incident, with some financial institutions seeing costs as high as $9.28 million per incident. That single event can wipe out multiple quarters of net income, especially considering SRAX's Q1 2023 net income was $2.627 million.

The good news is that investing in advanced security pays off. Financial institutions that deployed AI and automation saw an average savings of $2.22 million per breach by reducing the detection and containment time. This means your cybersecurity budget is a direct driver of risk mitigation and operational efficiency. You need to prioritize investment in these areas immediately:

• Implement Zero Trust architectures across the Sequire platform.
• Deploy AI-driven threat detection to reduce breach costs by over $2 million.
• Secure cyber insurance, as the global market is projected to reach $16.3 billion in 2025.

Finance: Draft a 2026 capital expenditure plan that ring-fences a minimum of $2.5 million for AI-driven cybersecurity and DLT R&D by the end of the quarter.

SRAX, Inc. (SRAX) - PESTLE Analysis: Legal factors

Stricter enforcement of the California Consumer Privacy Act (CCPA) and similar state laws.

The regulatory environment for data-driven companies like SRAX is getting defintely tighter, largely driven by the California Consumer Privacy Act (CCPA) and its expansion, the California Privacy Rights Act (CPRA). Since SRAX's core Sequire platform is a Software-as-a-Service (SaaS) tool that tracks investor behavior and trends, its entire value proposition hinges on compliant data processing. The risk isn't just a slap on the wrist anymore; it's a material financial and reputational threat.

In 2025, the California Privacy Protection Agency (CPPA) has shown a clear focus on ad-tech and data-sharing compliance. For example, the CPPA announced a $1.55 million settlement with Healthline Media LLC in July 2025 for failing to honor consumer opt-out requests, including Global Privacy Control (GPC) signals, and for sharing sensitive health information with third parties. Another settlement in 2025 involved Tractor Supply Company for $1.35 million. These actions set a high bar for all companies involved in targeted advertising, which is a key component of investor outreach on the Sequire platform.

Here's the quick math: SRAX is forecasted to have an annual revenue of $95 million for the 2025 fiscal year. A multi-million dollar fine, while not an existential threat at that revenue level, is a major hit to the bottom line, especially when the company is focused on achieving its forecasted earnings per share (EPS) of $0.50. Since 99.41% of SRAX's revenue comes from U.S. customers, this state-level compliance risk is a near-total business risk.

• Mandate GPC recognition across all Sequire data collection points.
• Audit third-party data contracts for CCPA-mandated privacy terms.
• Risk rises if data-sharing practices aren't fully transparent.

Ongoing legal battles over intellectual property in the ad-tech and data analytics space.

The ad-tech and data analytics space is a minefield of intellectual property (IP) disputes, especially with the rise of Artificial Intelligence (AI) models that power many modern data platforms. SRAX's Sequire platform is a data intelligence tool, meaning its proprietary algorithms and data-matching technology are its most valuable assets-and its biggest legal liability target.

The industry is seeing high-stakes litigation, such as the Department of Justice (DOJ) antitrust lawsuit against Google, which alleges an illegal monopoly over digital advertising and the ad-tech market. While SRAX is a much smaller player, the outcome of such cases will reshape the entire ad-tech ecosystem, affecting how SRAX's data can be used and monetized. Plus, the blockbuster IP case of Getty Images v. Stability AI in 2025 is setting precedents on how courts will treat the use of copyrighted data to train AI models. If SRAX uses sophisticated data-scraping or AI-driven analytics, they face the same legal questions about data sourcing and fair use.

A single patent infringement suit can cost millions in legal fees and potentially halt a core product line. SRAX must proactively secure its patents and trade secrets, and also ensure its data ingestion methods are legally sound against this backdrop of intense IP scrutiny.

Regulatory uncertainty regarding the classification of digital assets and tokens.

SRAX has a direct exposure to the digital asset market through its Sequire platform, which hosts events like the Sequire Investor Summit that feature public, private, and crypto companies. The regulatory classification of these digital assets is a major legal factor that impacts SRAX's client base and the utility of its platform for those clients.

2025 has been a pivotal year for clarity, but uncertainty still exists. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act was signed into law in July 2025, establishing a federal framework for payment stablecoins. Also, the Digital Asset Market Clarity Act of 2025 passed the House, aiming to establish clear jurisdictional boundaries between the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission) by creating a 'digital commodity' definition for decentralized tokens like Bitcoin. This is a huge step toward stability.

However, the SEC is still working on its 'token taxonomy' to determine which tokens are securities and which are not. For SRAX's crypto-focused clients, this ambiguity means their tokens could be reclassified as unregistered securities overnight, leading to an immediate drop in their ability to use SRAX's platform for compliant investor communication. This regulatory whiplash creates a direct, unpredictable risk for SRAX's client acquisition and retention in the crypto sector.

Increased litigation risk from shareholder activism fueled by better data tools.

Shareholder activism remains robust in 2025, and this is a dual-edged sword for SRAX. On one hand, their Sequire platform is designed to help public companies manage investor relations and preempt activism. On the other hand, SRAX itself, with a small market capitalization of approximately $9.3 million as of March 2025, is a potential target for activists.

The risk is amplified because the very data tools SRAX sells are now widely accessible to activist investors. Better data analytics allows activists to build more precise, data-driven campaigns, targeting companies with low stock performance or poor governance more effectively. Activist campaigns launched in 2024 were at a high of 243, and while 2025 activity has seen a slight decline, the complexity has risen. Activists are increasingly focusing on governance issues like declassifying boards.

For SRAX, the risk is twofold: defending its own board and management from a data-empowered activist, and ensuring its Sequire platform provides sufficient, compliant defense tools for its clients. The company's dependence on raising additional capital, as noted in its financial filings, makes it vulnerable to activists who could demand board seats or a sale of the company in exchange for a capital infusion.

SRAX, Inc. (SRAX) - PESTLE Analysis: Environmental factors

Growing investor pressure for client companies to adopt sustainable business practices.

You need to understand that Environmental, Social, and Governance (ESG) is no longer a niche for institutional investors; it's a core valuation driver. Investor pressure on publicly traded companies-SRAX's core client base via the Sequire platform-is intense and growing. For 2025, a significant 85% of asset managers report that ESG considerations are a top priority within their firms, so your client companies are scrambling to show progress.

This creates a clear opportunity for SRAX. Over 70% of listed FinTech companies now include ESG disclosures in their annual reports, and those with robust sustainability frameworks enjoy up to 20% higher valuation multiples than their peers. Your platform, which is the communication layer between the company and its investors, is the perfect vehicle for this disclosure. Simply put, if Sequire can't help clients report their environmental performance, they will look elsewhere.

Demand for digital-first, paperless investor communication to reduce carbon footprint.

The shift to digital investor communication is a direct environmental benefit that SRAX's Sequire platform capitalizes on. Moving away from traditional paper-based Annual Reports, proxy statements, and quarterly mailings significantly lowers the carbon footprint by eliminating the need for paper, ink, and physical transportation.

For a typical company, switching to digital-only shareholder communications can save dozens of trees and cut down on significant greenhouse gas emissions per metric ton of paper avoided. This is a major selling point for Sequire, especially when targeting companies committed to a net-zero transition. It's a win-win: cost savings plus a reduced environmental impact.

Here's a quick look at the core environmental trade-off SRAX facilitates:

Focus on the energy consumption of data centers and cloud services used for data processing.

While SRAX's business is inherently 'green' by being paperless, the massive energy footprint of its underlying technology is a growing liability. The Sequire platform relies on cloud services and data centers to process investor intelligence-and that's a major environmental concern in 2025. Honestly, the scale of data center energy use is staggering.

U.S. data center electricity consumption is projected to reach as high as 580 Terawatt-hours (TWh) by 2028, potentially consuming up to 12% of total U.S. electricity. For a FinTech firm, this is a Scope 3 (indirect) emissions problem. One FinTech company estimates that software, cloud, and digital marketing account for around 40% of its overall Scope 3 emissions. SRAX, with its forecasted $95 million in 2025 revenue, must proactively address this, especially as AI adoption for investor intelligence (a core Sequire feature) consumes 1,000x more electricity than traditional computing.

The carbon footprint of training a single large AI model can be more than that of 56 people's whole lifetime combined. This means every new AI-driven feature Sequire adds increases its environmental risk profile. SRAX needs to defintely prioritize cloud providers with 100% renewable energy commitments.

ESG reporting mandates driving demand for data on non-financial performance.

New regulatory frameworks are making ESG data a compliance necessity, not just a marketing tool. The shift from voluntary to mandatory ESG reporting is accelerating in 2025. The EU's Corporate Sustainability Reporting Directive (CSRD) and the U.S. SEC's proposed climate disclosure rules are pushing companies to track and report non-financial performance data with the same rigor as financial data.

This regulatory push is a huge tailwind for Sequire. Companies need a platform to not only analyze their investor base but also to communicate their ESG metrics to meet these new mandates. The increased focus on non-financial metrics is here to stay, with over 90% of Investor Relations Officers (IROs) reporting increased investor focus on these areas. SRAX must position Sequire as the essential tool for managing and distributing this mandatory ESG data, turning a regulatory burden for its clients into a revenue opportunity for the platform.