SoFi CEO enters prepaid forward contract on 1.5 million shares
NEW YORK - Dominari Holdings Inc. (NASDAQ:DOMH), a small-cap financial services company with a market capitalization of $79.5 million, announced Wednesday that its wholly owned subsidiary, Dominari Securities LLC, and all its advisors have terminated their association with Resolution Minerals Ltd and Oakley Capital. The company’s stock has shown remarkable momentum, gaining 23% in the past week and 474% year-to-date, according to InvestingPro data.
The company stated that neither Dominari entity now works with, advises, or maintains any connection with Resolution Minerals, based in Adelaide, South Australia, or Oakley Capital, located in Sydney, NSW.
In a press release, Dominari Holdings indicated the announcement was made "in the interest of transparency and to avoid any potential confusion in the market" regarding relationships between Dominari entities and the two Australian companies.
Dominari Holdings’ principal subsidiary, Dominari Securities LLC, operates as a financial services company and is a member of FINRA, MSRB, and SIPC.
The company did not provide details regarding the prior nature of the relationship with these entities or reasons for the termination of association.
In other recent news, Dominari Holdings Inc. has been actively involved in several significant developments. Dominari Securities, a subsidiary of Dominari Holdings, led a $100 million equity placement for SRM Entertainment, involving the issuance of Series B Convertible Preferred Stock and warrants that could total $210 million if fully exercised. In addition, Dominari Holdings is set to join the Russell Microcap Index as part of the annual reconstitution of Russell US Indexes, highlighting its growing market presence. This inclusion will also see Dominari added to relevant growth and value style indexes. Furthermore, Dominari Holdings announced a merger through its subsidiary, American Bitcoin, with Gryphon Digital Mining. This merger will facilitate American Bitcoin’s public debut on the Nasdaq, with Dominari and other stockholders owning the majority of the new entity. These recent developments underscore Dominari Holdings’ strategic moves in the financial and cryptocurrency sectors.
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