Highest-materiality recent filing
Siebert Financial acquires remaining 32% of RISE Financial for $3.7M
Purchased 32% minority interest in RISE Financial Services for $3.7M aggregate price.
Siebert Financial files $50M at-the-market equity offering via Ladenburg Thalmann and subsidiary
Entered Sales Agreement with Muriel Siebert & Co. (wholly-owned sub) and Ladenburg Thalmann to sell up to $50M of common stock.
Siebert Financial Corp.'s auditor Baker Tilly resigns; company seeking replacement
Baker Tilly resigned as independent auditor on May 13, 2024, effective after completing Q1 2024 review.
Siebert Financial receives Nasdaq deficiency notice for late 10-K filing
Nasdaq notified Siebert on Apr 18, 2024 of non-compliance due to late filing of 2023 Form 10-K (due Apr 15, 2024).
Siebert Financial receives Nasdaq delisting notice for missing annual meeting deadline
Nasdaq notified Siebert on Jan 5, 2024, of non-compliance with Listing Rule 5620(a) for failing to hold annual meeting within 12 months of fiscal year-end.
Second Stock Purchase Agreement for 25,756,470 shares terminated; no further equity issuance to Kakaopay.
Siebert reports Q3 EPS $0.07 vs $0.03; sends MAE notice to Kakaopay over Korean action
Revenue $18.1M (+26% YoY), net income $2.8M (+155%), EPS $0.07 vs $0.03.
Siebert to repurchase 1M shares from Cynthia DiBartolo in exchange for its 17% Tigress stake
Siebert will repurchase 1,000,000 shares of its common stock from Cynthia DiBartolo.
Siebert Financial appoints John J. Gebbia as Chairman/CEO, Simon Shin to board
John J. Gebbia appointed Chairman and CEO effective May 24, 2023; he has been a director since 2020.
Siebert Financial closes $17.36M private placement with Kakaopay for 19.9% stake
Closed First Tranche with Kakaopay on May 18, 2023: issued 8,075,607 shares at $2.15/share.
Siebert Financial agrees to sell 51% stake to Kakaopay in two tranches
First tranche: 8,075,607 shares at $2.15/share for 19.9% fully diluted ownership.
Acquires full ownership of RISE by exchanging 7% of Tigress Holdings membership interests.
Siebert Financial enters $9.6M at-the-market equity offering with JonesTrading
Agreement allows sale of up to $9.6M in common stock through JonesTrading as agent.
Siebert Financial Q1 2022 revenue $10.3M (down 45% YoY), net loss $1.0M
Revenue $10.3M, down from $18.9M in Q1 2021; net loss $1.0M vs net income $2.3M.
Siebert Financial FY2021 revenue $67.5M (+23%), net income $5.0M (+69%), EPS $0.16
Revenue of $67.5M, up 23% YoY; operating income of $6.8M, up 111%.
Siebert subsidiary RISE buys 20% of Hedge Connection for $600K; option to buy remaining 80%
RISE Financial Services acquires 20% equity stake in Hedge Connection for $600,000, payable over 180 days.
Purchase price $6.75M for 12,000 sq ft office at 653 Collins Ave, Miami Beach; will serve as primary operations for RISE Prime (ESG-focused prime brokerage).
Siebert acquires 24% of Tigress, creates RISE Financial Services; DiBartolo joins board
Siebert acquired 24% of Tigress Holdings; in exchange Tigress received 24% of RISE Financial and 1,449,525 Siebert shares valued at 60-day average price.
On Aug 30, 2021, GSCO notified WPS (Siebert subsidiary) of termination of clearing agreements; GSCO clears most WPS customer trades.
Siebert Financial to acquire 24% of Tigress Financial Partners in equity swap
Siebert to purchase 24% of Tigress Financial Partners; Tigress receives 24% of WPS Prime Services and SIEB shares.
On May 24, 2023, the Board of Directors of Siebert Financial Corp. (the “Company”) appointed John J. Gebbia as Chairman of the Board and Chief Executive Officer
and appointed Simon Shin to the Company’s Board of Directors.
Cynthia DiBartolo, the Chief Executive Officer and controlling owner of Tigress Holdings, will resign from her position as Chief Executive Officer and board member of RISE and will not stand for re-election to the Company’s board of directors.
Ms. Vioni will resign from her position from the Board of Directors of RISE, as well as the President of RISE Prime – Capital Introduction, a division of RISE.
Ms. Vioni will resign from her position from the Board of Directors of RISE, as well as the President of RISE Prime – Capital Introduction, a division of RISE.
Cynthia DiBartolo, the Chief Executive Officer and controlling owner of Tigress Holdings, will resign from her position as Chief Executive Officer and board member of RISE and will not stand for re-election to the Company’s board of directors.
The Company’s Board of Directors appointed Cynthia DiBartolo as a new member of the Company’s Board of Directors, effective November 16, 2021.
Max materiality 0.85 · Median 0.60 · Most common event other_material