Dominari Holdings Inc. (NASDAQ: DOMH) has experienced a significant surge in its stock price following a strategic equity move. As of the latest pre-market check, DOMH shares were trading at $7.96, reflecting a notable increase of 15.87% on the charts. This rise comes in response to an announcement of a securities purchase agreement with select investors, a move poised to bolster its financial position.
Equity Offering and Private Placement Details
Dominari has entered into definitive securities purchase agreements, issuing 1,439,467 shares of common stock, along with Series A and Series B Warrants. Each share, accompanied by the warrants, has been priced at $3.47 in a registered direct offering structured in accordance with Nasdaq regulations.
In addition to this offering, DOMH has executed a concurrent private placement, further expanding its equity base. Under this arrangement, Dominari will issue an additional 2,436,587 shares of common stock, along with the corresponding Series A and Series B Warrants, all at the same purchase price as the direct offering.
The Series A Warrants will be immediately exercisable at $3.72 per share and will remain valid for five years. The Series B Warrants, which are likewise immediately exercisable, are valued at $4.22 per share and have the same five-year expiration period.
Declared Special Dividend for Stockholders
Dominari’s board of directors has announced a special cash distribution of $4 million as a way to thank its investors. This dividend will be distributed to shareholders of record as of the close of business on February 24, 2025, providing present investors with a large financial incentive.
Capital Utilization and Strategic Perspective
Before deducting fees and related costs, the business expects these transactions to generate gross revenues of around $13.5 million. Key executives, board members, and advisory board representatives are all involved in this financial injection. The funds are earmarked for working capital, general corporate initiatives, and the distribution of the announced dividend, reinforcing Dominari’s commitment to sustained growth and shareholder value.