Highest-materiality recent filing
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.
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 0.80 · Median 0.62 · Most common event other_material