Purchase bringsĀ pre-eminent small-cap platform to the Freedom family

Freedom U.S. Markets, LLC, a wholly-owned subsidiary of Freedom Holding Corp. (NASDAQ: FRHC), announced today that it has completed the acquisition of LD Micro from SRAX, Inc. (NASDAQ: SRAX). The total consideration of $8.3 million includes $4 million in cash and FRHC common stock valued at $4.3 million.

LD Micro offers two premier small-cap conferences annually, the Invitational: June 6-8 (Los Angeles) and the Main Event: October 3-5 (Los Angeles), which hosts over 200 companies and 1,000 investors.

For the past 15 years, the LD Micro conferences have showcased the next big names in the small-cap world to investors and influencers. In addition, the LD Micro Index provides one of the most accurate representations of the intraday activity of micro-cap stocks in North America.

“I’ve admired LD Micro since attending the Main Event in 2018, and I’m thrilled to add them to the Freedom family,” said Timur Turlov, CEO of Freedom Holding Corp.

“Chris Lahiji has created an unparalleled platform to showcase small and micro-cap companies across sectors and geographies,” said Robert Wotczak, Chief Executive Officer of Freedom’s U.S. operations. “I’ve known Chris since the beginning and have the utmost respect for him and the LD Micro brand. We see many synergies between LD Micro and the Freedom platform. We look forward to expanding our offering of bespoke and differentiated services to our clients, investors, and stakeholders.”

Chris Lahiji, Founder of LD Micro, commented, “With Freedom, LD takes the world’s stage. Our team is ready to showcase what makes us truly special. I am grateful and elated that Mr. Turlov and Mr. Wotczak share our long-term vision and will help us become the standard in the space. We are in the first inning of a very long baseball game.”

SRAX will also serve as the exclusive streaming partner for LD events in the coming years and provide quality coverage for its global audience using the Sequire platform.

Mitchell Silberberg & Knupp LLP served as legal advisor to SRAX. Ellenoff Grossman & Schole LLP and Morgan, Lewis & Bockius, LLC served as counsel for Freedom.

About Freedom Holding Corp.

Freedom Holding Corp., a Nevada corporation, is a financial services holding company conducting retail financial securities brokerage, investment research, investment counseling, securities trading, investment banking and underwriting services, mortgages, insurance, and consumer banking through its subsidiaries under the name of Freedom Finance in Europe and Central Asia. Through its subsidiaries, Freedom Holding Corp. employs more than 2,900 people and is a professional participant in the Kazakhstan Stock Exchange, the Astana International Exchange, the Ukrainian Exchange, the Republican Stock Exchange of Tashkent, and the Uzbek Republican Currency Exchange and is a member of the New York Stock Exchange and the Nasdaq Stock Exchange. Freedom Holding Corp. is headquartered in Almaty, Kazakhstan, and has a presence in 14 countries, including Cyprus, the United States, Uzbekistan, the United Kingdom, and Germany.

Freedom Holding Corp’s common shares are registered with the United States Securities and Exchange Commission and are traded in the United States on the Nasdaq Capital Market, operated by Nasdaq, Inc.

To learn more about Freedom Holding Corp., visit www.freedomholdingcorp.com .

About LD Micro

LD Micro aims to be the most crucial resource in the micro-cap world. Whether it is the index, comprehensive data, or hosting the most significant events annually, LD’s sole mission is to serve as an invaluable asset for all those interested in finding the next generation of great companies.

To learn more about LD Micro, visit http://www.ldmicro.com .