MDB Capital reshuffles board, appoints new Audit Committee Chair

Published 02/06/2025, 22:26
MDB Capital reshuffles board, appoints new Audit Committee Chair

ADDISON, TX - MDB Capital Holdings, LLC (NASDAQ:MDBH), a venture capital firm specializing in disruptive technology, announced today significant changes to its Board of Directors. Matthew Hayden, who has served as a board director since July 2022, will transition from his role on June 30 to become the Entrepreneur in Residence. In his new position, Hayden will leverage his extensive experience to support the launch and growth of early-stage technology companies within MDB’s portfolio. The company, currently valued at $37.8 million, has maintained profitability over the last twelve months according to InvestingPro data, with a notably low P/E ratio of 4.51.

Dan Torpey has been appointed as the new Chair of the Audit Committee, effective February 13. With over two decades of experience at Ernst & Young LLP, Torpey’s expertise in accounting, auditing, and compliance is expected to enhance MDB’s governance and operational standards.

These leadership changes are part of MDB’s strategy to build a robust team to oversee the launch and scaling of transformative technology ventures. The company, founded in 1997, has been instrumental in financing and nurturing early-stage companies, primarily through NASDAQ listings, and aims to continue this growth trajectory with the help of its experienced leadership team. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 31.0, indicating robust liquidity management. Additional insights and detailed financial metrics are available in the comprehensive Pro Research Report, part of the extensive coverage of over 1,400 US equities.

Christopher Marlett, Co-founder and CEO of MDB, expressed gratitude for Hayden’s contributions to the board and optimism for his impact in the new role. The company believes these transitions will fortify MDB’s position as a leader in public venture capital and support its mission of expanding its founder and investor community.

MDB Capital operates as a registered broker-dealer and offers an array of services, including a self-clearing broker-dealer and trading platform, as well as an integrated intellectual property strategy consulting and law firm.

The information reported is based on a press release statement from MDB Capital Holdings, LLC. For deeper insights into MDBH’s financial health, valuation metrics, and growth potential, investors can access comprehensive analysis and 10 additional ProTips through InvestingPro.

In other recent news, MDB Capital Holdings LLC shared its second-quarter 2025 financial results, revealing strategic shifts amid a challenging venture capital market. The company reported a decrease in net current assets by approximately $2.3 million and used less than $2 million in cash for the quarter. MDB Capital Holdings is striving for cash flow neutrality, focusing on strategic financing and revenue from its PatentVest platform. The company closed a significant deal with HeartBeam, which was its only financing activity last quarter. MDB Capital Holdings plans to introduce 3-4 new investment opportunities annually, with a focus on companies nearing revenue and profitability. The company is exploring the potential of its PatentVest platform as an independent business. CEO Chris Marlette expressed confidence in the current market environment, stating that now is an optimal time for their business strategy. Despite the challenging market, MDB Capital Holdings sees opportunities and remains committed to sustaining growth in the public venture capital space.

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