Siebert Financial acquires remaining 32% of RISE Financial for $3.7M

SIEBERT FINANCIAL CORP

Purchased 32% minority interest in RISE Financial Services for $3.7M aggregate price.
Includes 24% stake from director Gloria E. Gebbia; all selling holders received carrying value.
RISE becomes wholly-owned subsidiary; has been largely inactive since acquisition.
Purpose: capital restructuring to support potential strategic opportunities at RISE.

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