Dominari Holdings reports strong deal execution and growth

Published 04/06/2025, 13:38
Dominari Holdings reports strong deal execution and growth

NEW YORK - Dominari Holdings Inc. (NASDAQ: DOMH) has reported significant accomplishments by its wholly owned subsidiary, Dominari Securities, in a recent shareholder letter. The investment bank, established less than three years ago, has raised approximately $287.5 million in capital and executed over 35 transactions, including more than 19 private placements and IPOs in the U.S. markets.

The company’s focus on serving micro- and small-cap U.S.-based companies has allowed it to support a variety of firms in their growth strategies. Dominari Securities has notably assisted Unusual Machines, Inc. (NYSE American: UMAC), a company in the American drone industry, by completing a private placement and guiding them through their IPO and a subsequent $40 million capital raise.

Moreover, Dominari has been involved with authID Inc. (NASDAQ: AUID), a provider of biometric identity verification solutions, acting as Co-Placement Agent for the company’s $8.15 million registered direct offering. This follows a previously completed $2.1 million offering, with Dominari’s management personally participating in both transactions. According to InvestingPro data, AUID currently has a market capitalization of $69.1 million and maintains a healthy current ratio of 2.39, indicating strong short-term liquidity. The stock has shown significant volatility, trading between $4.01 and $12.31 over the past 52 weeks. InvestingPro analysis suggests the stock is currently trading near its Fair Value.For deeper insights into AUID’s financial health, growth prospects, and 8 additional key ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.

In the emerging sector of digital mining, Dominari played a pivotal role in the strategic merger that led to the formation of American Bitcoin, a new entity in sustainable bitcoin mining that is anticipated to reach a billion-dollar valuation if its proposed merger with Gryphon Digital Mining is approved.

The shareholder letter also highlighted a list of private transactions with companies like SpaceX, ABTC, and Zipline, amounting to a grand total of $124,740,783.06 raised for investment as of May 30, 2025.

Despite some criticism in the media, the company stands by the quality of its clients and transactions, noting an average return of approximately 344% from pricing to the IPO’s 52-week high for the issuers it has supported.

Dominari Holdings’ CEO, Anthony C. Hayes, expressed pride in the company’s achievements, attributing the success to hard work, dedicated employees, and the Board of Advisors. The company has seen its stock price rise from $1.09 on January 2, 2025, to $5.61 on May 15, 2025, reflecting its growth and shareholder value creation.

This report is based on a press release statement from Dominari Holdings Inc.

In other recent news, Authid Inc. reported its financial results for the first quarter of 2025, showcasing a notable rise in revenue alongside an increase in net losses. The company’s revenue grew to $300,000, a significant jump from $160,000 in the same period last year. Despite this growth, Authid’s net loss widened to $4.3 million, up from $3.1 million the previous year, driven by higher operating expenses as the company invests in sales and research and development. Authid is optimistic about its future, with plans to secure large enterprise deals to boost growth. The company has set a bookings target of $18 million for 2025 and is in contract negotiations with multiple Fortune 500 companies. Authid’s focus on privacy-preserving biometric technology has garnered attention, and the company has recently completed two capital raises totaling nearly $9 million. These developments highlight Authid’s strategic initiatives and ongoing efforts to expand its market presence.

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