Kyle Haug, a director at Dominari Holdings Inc. (NASDAQ:DOMH), recently acquired shares in a private placement offering. On February 10, 2025, Haug purchased a total of 14,409 shares of common stock, along with Series A and Series B Warrants, at a combined offering price of $3.47 per share - significantly below the current trading price of $6.87. This acquisition was part of a private placement that concluded on February 12, 2025. The micro-cap company, valued at approximately $43 million, has seen its stock surge over 657% year-to-date.
Additionally, Haug was granted 10,000 shares of restricted stock on the same day, valued at $3.22 per share, under the company’s 2022 Equity Incentive Plan. Following these transactions, Haug’s direct ownership of Dominari Holdings’ stock totals 24,409 shares. While the company maintains strong liquidity with a current ratio of 10.25, InvestingPro analysis suggests the stock is currently trading above its Fair Value, with 12 additional exclusive insights available to subscribers.
In other recent news, Dominari Holdings Inc. has successfully initiated a registered direct offering and concurrent private placement, aiming to raise approximately $13.5 million. The offering involved the sale of common stock and warrants at a combined purchase price of $3.47 per share. Additionally, the company declared a special cash dividend of $4 million, payable to stockholders of record by February 24, 2025. The funds raised will be allocated to working capital, general corporate purposes, and the payment of the declared dividend.
In a separate development, Dominari Holdings has announced that Donald Trump Jr. and Eric Trump have joined the company’s Board of Advisors. Both Trumps, known for their business leadership, also participated in the company’s recent private placement. Their expertise is expected to be beneficial as Dominari continues to explore investment opportunities in the AI and Data Center sectors.
These recent developments highlight Dominari Holdings’ active efforts to bolster its financial position and strategic advisory team. As the company continues to navigate the expanding landscape of AI-driven technologies, the insights from its new advisory board members are anticipated to be invaluable.
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