Highest-materiality recent filing
Freedom Holding Corp. raises ~$300M via Regulation S offering of 2.37M shares
Completed offering of 2.37M shares under Regulation S, raising ~$300M gross.
Freedom Holding Corp. names Valeriy Kim CFO; Evgeny Ler becomes special advisor to CEO
Evgeny Ler resigns as CFO effective June 25, 2026; will serve as special advisor to CEO for financing and M&A.
Freedom Holding Corp. launches up to $300M common stock offering under Reg S at $126.35/share
Offering of up to $300 million of common stock via Regulation S (offshore only).
Freedom Holding Q3 FY2024 revenue $419M (+96% YoY), net income $96M (+54% YoY)
Diluted EPS $1.63 vs $1.05 YoY; operating expenses $307M (+89% YoY).
Freedom Holding external review finds Hindenburg allegations unsupported, no evidence of misconduct
External review by Morgan Lewis and Forensic Risk Alliance over 4 months found no evidence supporting Hindenburg short-seller allegations.
Freedom Holding Corp board approves entry into Kazakhstan telecom market with $650M capex plan
Plans to launch new telecom operator Freedom Telecom, aiming to build an ecosystem combining financial services and telecom.
Freedom Holding Corp. terminates acquisition of Maxim Group LLC effective Oct 31, 2023
Purchase agreement to buy 100% of Maxim Group and Maxim Financial Advisors terminated by mutual written consent.
Freedom Holding receives Nasdaq noncompliance notice for late Q1 filing; exec pay raised
Nasdaq notified Freedom Holding on Aug 11, 2023, of noncompliance with Listing Rule 5250(c)(1) for failing to timely file Form 10-Q for June 30, 2023.
Freedom Holding receives Nasdaq non-compliance notice for late FY2023 10-K filing
Non-compliance cited under Nasdaq Listing Rule 5250(c)(1) for missing FY2023 10-K deadline.
Freedom Holding files 8-K/A with pro forma financials for Russian subsidiary sale
Sale of 100% of Freedom RU and FFIN Bank closed Feb 27, 2023; pro forma data now filed.
Freedom Holding Corp. restates FY2022, Q1-Q2 FY2023 cash flows; third non-reliance notice
Audit committee says FY2022 10-K and Q1, Q2 FY2023 10-Qs can no longer be relied upon due to cash flow classification error.
Freedom Holding completes sale of Russian subsidiaries for $140M; exits Russia
Sale of 100% of Russian subsidiaries (IC Freedom Finance LLC and Bank Freedom Finance LLC) to Maxim Povalishin for ~$140M.
Freedom Holding Corp. agrees to acquire Maxim Group for ~$400M in cash and stock
Total consideration ~$400M: $168M cash at close, $112M in exchangeable units, plus deferred/earnout payments.
Freedom Holding to acquire investment bank Maxim Group for ~$400M
Total consideration includes $168M cash at closing and $112M in exchangeable units, with deferred payments and earnouts.
Audit committee concluded prior financials (FY2022, Q1-Q3 FY2023) are unreliable due to misclassification of margin lending interest income.
Freedom Holding restating FY2022 10-K and Q1/Q3 FY2022 10-Qs due to cash flow misclassification
Prior financial statements no longer reliable; cash flow classification errors require restatement.
Freedom Holding to sell Russian subsidiaries to executive for $140M total consideration
Sells 100% of Freedom RU and FFIN Bank to Maxim Povalishin, Deputy General Director of Freedom RU.
Freedom Holding Corp. engages Deloitte Kazakhstan as new independent auditor for FY2023
Engaged Deloitte LLP in Kazakhstan as independent registered public accounting firm for fiscal year ending March 31, 2023.
Freedom Holding Corp. updates on Russian subsidiary divestiture; CEO granted Kazakhstani citizenship
CEO Timur Turlov granted Kazakhstani citizenship; relinquished Russian and Saint Kitts and Nevis citizenships.
Freedom Holding suspends Ukraine ops; warns of significant FX losses as KZT falls 14%, RUB 50%
Ukrainian operations suspended; employees offered relocation to Cyprus and Germany; Ukraine revenue <1% of total fee and commission revenue.
The Board increased the number of directors to seven and appointed Kairat Kelimbetov as a director, with immediate effect, to fill the vacancy created by the increase in the number of directors.
The Board appointed Andrew Gamble as a director, with immediate effect, to fill the vacancy on the Board created by the resignation of Leonard Stillman on February 25, 2024.
Jason Kerr resigned from his position as a director with immediate effect.
Concurrently with such resignation, the Board established a new Chief Legal Officer position in the executive management of the Company and appointed Jason Kerr to such position with immediate effect.
The Board appointed Philippe Vogeleer as a director, with immediate effect, to fill the vacancy on the Board created by the resignation of Jason Kerr.
On February 25, 2024, Leonard Stillman resigned from the Board of Directors (the “Board”) of Freedom Holding Corp. (the “Company”) with immediate effect.
On August 24, 2023, Mr. Dmitry Dovzhenko was appointed as Vice President of Compliance, based in Almaty.
Mrs. Liudmila Kiriaku resigned from her position as Vice President of Compliance of Freedom Holding Corp. (the “Company”) on August 18, 2023.
Max materiality 0.90 · Median 0.60 · Most common event other_material