M&A
confidence high
sentiment positive
materiality 0.60
Siebert subsidiary RISE buys 20% of Hedge Connection for $600K; option to buy remaining 80%
SIEBERT FINANCIAL CORP
- RISE Financial Services acquires 20% equity stake in Hedge Connection for $600,000, payable over 180 days.
- RISE obtains option to purchase remaining 80% of Hedge Connection at fair value (min $5M valuation).
- RISE secures technology license for Fintroz capital introduction platform at $250,000 annual fee.
- Lisa Vioni appointed President of RISE Prime – Head of Capital Introductions and to RISE Financial board.
- Investment supports Siebert's ESG/diversity strategy; RISE Prime offers diverse prime brokerage services.