Siebert Financial Announces $100 Million Shelf Registration to Invest in Digital Assets, AI Technologies, and Potential Strategic Acquisitions

Core Viewpoint - Siebert Financial Corp. has received SEC approval for its shelf registration statement, allowing the company to raise up to $100 million through various securities sales, enhancing its financial flexibility and strategic initiatives [1][2]. Group 1: Financial Strategy - The proceeds from the registration will be utilized for strategic initiatives, including potential acquisitions, purchasing digital assets like Bitcoin, Ethereum, and Solana, and advancing technology across service lines, particularly in AI [2][3]. - The CEO emphasized that this registration is a foundational step towards scaling the company's technology strategy, enabling decisive action in key areas such as AI and digital assets [3]. Group 2: Company Background - Siebert Financial Corp. is a diversified financial services company, a member of the NYSE since 1967, and was founded by Muriel Siebert, the first woman to own a seat on the NYSE [4]. - The company operates through various subsidiaries, providing a full range of brokerage and financial advisory services, including securities brokerage, investment advisory, and insurance offerings [5].