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

Issuer:     SIEBERT FINANCIAL CORP (SIEB)
CIK:        0000065596
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001213900-24-006112
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Siebert Financial subsidiary acquires Guild mobile self-directed trading app for $385K
--------------------------------------------------------------------------------

- Subsidiary Siebert Technologies purchased Guild mobile trading app for total $385,000 from J2 Financial Technology.
- Consideration: $350,000 in SIEB restricted stock (30-day MA) and $35,000 cash.
- Acquisition includes software, code, UI, algorithms, Guild trademark, and related IP for self-directed trading app.
- Restricted stock subject to six-month lock-up; issued to 17 holders of Simple Agreements for Future Equity.
- Transaction closed January 18, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65596/000121390024006112/0001213900-24-006112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65596/000121390024006112/ea192124-8k_siebert.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-006112

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