Siebert Financial Corp announced on June 9 that its registration statement on Form S-3 has been approved by the US SEC, allowing the company to raise up to $100 million through the sale of securities. The proceeds will be spent on buying cryptocurrencies, investing in artificial intelligence and potential strategic acquisitions.
Green light for Siebert Financial for crypto acquisition
The Nasdaq-listed company gained the flexibility to raise up to $100 million in capital with the approval of the US Securities and Exchange Commission (SEC). The funds will be used to finance artificial intelligence solutions, digital asset investments and possible strategic acquisitions. The stock, which Wall Street Zen analysts upgraded to “strong buy”, provided market support for the institution's growth plans.
Siebert Financial Corp. announced that its Form S-3 shelf-registration statement has been approved by the SEC. This approval allows the company to offer different securities, including common stock, preferred stock, depositary receipts and debt instruments, to the public, either together or separately, in a single transaction or series. This structure, which will allow a capital increase of up to 100 million dollars in total, creates the financial infrastructure that will accelerate the company's growth strategies.
The funds to be used within the scope of the shelf registration include crypto asset purchases, especially investments in leading digital currencies such as Bitcoin, Ethereum and Solana. In addition, the development of Artificial Intelligence (AI) supported products and services, technological integration projects into existing business units and potential merger and acquisition transactions were also listed among the priority spending items. So the company is diversifying its investments.
Optimistic statements from senior executives
John Gebbia, CEO of Siebert Financial, stated that the shelf registration approval lays the foundation for the company's technology-focused growth plans. “This approval gives us access to additional financing to take quick and decisive steps in critical areas such as artificial intelligence and digital assets. We now have the flexibility to realize our growth vision.”
CFO Andrew Reich pointed out that flexibility in capital access strengthens the capacity to create value in the long term. “The ability to raise capital continuously and when we need it prepares us not only for current opportunities, but also for future technology investments. Providing our shareholders with a long-term growth perspective is our key priority.”
In a Wall Street Zen research note, it was announced that Siebert Financial shares were upgraded from “buy” to “strong buy” category. In the first quarter financials announced on May 13, 2025, the company reported a profit of $ 0.22 per share, a net margin of 12.83 percent and a return on equity of 13.92 percent. Siebert, which recorded revenues of 28.92 million dollars in the same period, also drew attention with its strong operational performance.
Institutional investors also increased their positions considering this performance. Jane Street Group LLC increased its stake by 40.9 percent to 16,440 shares in the first quarter. Northern Trust Corp. increased its shares by 15.1 percent in the fourth quarter, while Geode Capital Management LLC increased by 4.9 percent to 216,841 shares in the same period. Renaissance Technologies LLC added 275 percent to its portfolio in the fourth quarter, reaching 39,000 shares. Institutional investors now own 1.52% of the company.
