WisdomTree Eliminates Series B Preferred Stock

NEW YORK - WisdomTree, Inc. (NYSE:WT), a $1.2 billion market cap financial services firm specializing as security brokers, dealers, and flotation companies, has officially eliminated its Series B Junior Participating Cumulative Preferred Stock, according to a recent SEC filing. The company, which maintains a "GOOD" financial health rating according to InvestingPro analysis, has shown robust operational performance with a 22.5% revenue growth in the last twelve months. The Certificate of Elimination was filed with the Delaware Secretary of State on Monday, March 18, 2025, and became effective the same day.

This action follows the expiration of the company’s Stockholder Rights Agreement on Sunday, March 17, 2025. The Rights Agreement, which was established on March 17, 2023, included preferred stock purchase rights that allowed shareholders to buy shares of the Series B Preferred Stock. With the expiration of the Rights Agreement, these rights have also expired.

The Certificate of Elimination removes all references to the Series B Preferred Stock from WisdomTree’s Amended and Restated Certificate of Incorporation. At the time of the filing, there were no shares of Series B Preferred Stock issued and outstanding. The company maintains strong liquidity with a current ratio of 2.92, indicating its ability to meet short-term obligations effectively.

The elimination of the Series B Preferred Stock is a corporate governance action that simplifies WisdomTree’s capital structure. This move could potentially be of interest to investors and market analysts as it may affect shareholder rights and the company’s financial framework.

The details of the Certificate of Elimination are provided in the SEC filing, which serves as the source for this information. WisdomTree, Inc. has not issued any outstanding shares of the Series B Preferred Stock at the time of the Certificate of Elimination’s effectiveness.

For further details, the full text of the Certificate of Elimination has been included as an exhibit in the SEC filing. WisdomTree, Inc. has been proactive in communicating these changes to its investors and the public through the appropriate regulatory channels. The company has maintained dividend payments for 12 consecutive years, demonstrating consistent shareholder returns. According to InvestingPro analysis, WisdomTree appears slightly undervalued at current levels, with additional insights available in the comprehensive Pro Research Report, which covers over 1,400 US stocks.

In other recent news, WisdomTree, Inc. has announced the promotion of Alexis Marinof to the position of CEO for its European operations. Marinof, who has been leading WisdomTree’s European division since 2019, will focus on enhancing client and regulatory relations and improving market execution in Europe. This leadership change is part of WisdomTree’s strategic vision to strengthen its presence in the European market, where Marinof has already established the company as a significant player. Jarrett Lilien, WisdomTree’s Global President and COO, expressed confidence in Marinof’s ability to drive continued growth and deepen the company’s European presence. Marinof, who joined WisdomTree Europe in 2017, has previously held roles such as Head of European Distribution and Chief Operating Officer, contributing significantly to the company’s expansion in the region. His promotion underscores WisdomTree’s commitment to delivering innovative investment solutions and fostering relationships within the European market. Globally, WisdomTree manages approximately $114.6 billion in assets, offering a range of financial products and services. This development is aligned with WisdomTree’s long-term strategy for growth and leadership in Europe.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.