secwatch.observer — SEC 8-K summary
======================================

Issuer:     SIEBERT FINANCIAL CORP (SIEB)
CIK:        0000065596
Form:       8-K
Filed at:   2021-11-17T23:59:59+00:00
Accession:  0000891092-21-007390
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Siebert acquires 24% of Tigress, creates RISE Financial Services; DiBartolo joins board
--------------------------------------------------------------------------------

- Siebert acquired 24% of Tigress Holdings; in exchange Tigress received 24% of RISE Financial and 1,449,525 Siebert shares valued at 60-day average price.
- Cynthia DiBartolo appointed to Siebert Board; Gloria Gebbia appointed to Tigress Board; DiBartolo remains CEO of Tigress and becomes CEO of RISE.
- WPS Prime Services rebranded to RISE Financial Services; division RISE Prime offers ESG-aligned prime brokerage with Pershing clearing.
- Transaction closed Nov 16, 2021; RISE targets institutional demand for diverse prime broker services.
- DiBartolo brings 35+ years finance experience; first disabled and woman-owned NYSE floor broker.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65596/000089109221007390/0000891092-21-007390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65596/000089109221007390/sieb8k2021.htm
  HTML page:      https://secwatch.observer/filing/0000891092-21-007390

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer