other material
confidence high
sentiment positive
materiality 0.55
Siebert Financial terminates tech provider agreement early; gets $950k and 193,906 shares back
SIEBERT FINANCIAL CORP
- Mutual termination of technology development agreement originally set to lapse Q1 2023.
- Termination effective September 26, 2022, approximately six months early.
- Neither party has further obligations under the agreement post-termination.
- Vendor returns 193,906 shares of SIEB common stock and pays $950,000 to Siebert.