On June 9, Siebert Financial Corp announced that its shelf registration statement on Form S-3 has been approved by the US SEC and can raise up to $100 million through the sale of securities. Revenues depend on cryptocurrency purchases, investments in AI, and potential strategic acquisitions.
Siebert Financial Disclosure The approval of filings has increased financial flexibility. Revenues may be used to pursue strategic initiatives that are consistent with our long-term vision, such as potential acquisitions and purchases of Bitcoin, Ethereum and Solana. Other investments in advanced technology across all service lines, including solutions powered by AI, were also found in the pipeline.
Siebert Financial CEO John Gebbia said that his company's shelf registration is a fundamental step towards expanding its technology strategy. He added that the company is creating additional capital access needed to make a critical move in key areas such as AI and digital assets.
Reich says capital flexibility helps build value over time
Andrew Reich, Chief Financial Officer of Siebert Financial, said the company's ability to access capital in flexible terms has strengthened the way in which it increases value over time. He added that the recent submission gave Siebert Financial the option to invest in next-generation technology and support shareholders' long-term growth.
Siebert will provide stocks in common stock, preferred stock, depositary stock and debt securities from time to time. Identified securities may be sold separately or together in any combination in one or more classes or series. The Company will also decide when such offerings are made.
The securities offered have a total disclosure price of up to $100 million, and the company provides specific terms of any supply of this prospectus supplement. Securities are also sold directly on a continuous or delayed basis, as specified from time to time or through a combination of these methods, through agents, dealers, or underwriters.
If an agent, dealer, or underwriter is involved in the sale of securities, the supplement to the applicable prospectus includes the applicable committee or discount. The Company and its agents or underwriters reserve the right to accept or reject all or part of the proposed purchase of securities. The company's statement also included a warning memo regarding forward-looking statements. This was affected by a variety of risks and uncertainties that could cause actual results to differ from those predicted.
Wall Street Zen upgrades Sibert's stock to “strong buy”
Wall Street Zen research analyst Upgrade According to research notes issued to investors, Siebert's stock rating is from “buy” to “strong buy.” Sieb last announced its revenue results on May 13th. The financial services provider reported a quarterly earnings of $0.22 per share, with a net profit margin of 12.83% and a stock profit margin of 13.92%. The company had revenues of $28.92 million during the quarter.
Recently, several institutional investors added stocks to their businesses based on their first quarter performance. Jane Street Group LLC increased its Siebert stake by 40.9% in the first quarter, and its total shares amounted to 49K after purchasing an additional 4,775 shares in the last quarter.
Northern Trust Corp increased its company's interest by 15.1% in the fourth quarter to own 40,583 shares worth $128,000. Geode Capital Management LLC owned nearly 216,841 shares worth $685,000 after upping Siebert's shares by 4.9% in the fourth quarter and bought an additional 10,053 shares in the last quarter.
Renaissance Technologies LLC increased its Siebert Financial stake by 275.0% in the fourth quarter, sending its holdings into $123,000 in the shares after purchasing an additional 28,600 shares in the last quarter. Institutional investors own 1.52% of Siebert's stake.
