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Dominari Announces Strategic Entry into U.S. AI Data Center Market
Special Cash Dividend Determined to be $0.32 per Share. NEW YORK CITY, NY / ACCESS Newswire / February 18, 2025 / Dominari Holdings Inc. (Nasdaq:DOMH) (the
About this update from Dominari Holdings Inc.
[{"type":"text","content":"Special Cash Dividend Determined to be $0.32 per Share. NEW YORK CITY, NY / ACCESS Newswire / February 18, 2025 / Dominari Holdings Inc. (Nasdaq:DOMH) (the \"Company\" or \"Dominari\") today announced the creation of American Data Centers Inc. (\"ADC\"). ADC is an independent company, whose members include Dominari, Donald J. Trump Jr., Eric Trump and other industry professionals in the AI space. This new venture is designed to address the growing demand for high-performance computing infrastructure. Dominari currently holds a 32% interest in ADC.Kyle Wool, President of Dominari Holdings stated, \"The demand for cloud computing, AI-driven applications, cryptocurrency mining, and enterprise data storage is expanding at an unprecedented rate. Through this initiative, we aim to build a robust portfolio of cutting-edge, energy-efficient data centers strategically located in key markets across the U.S. Strengthening American AI infrastructure is vital to support the global rise in demand for these technologies. This venture aligns with our broader strategy to invest in high-growth industries and deliver lasting value to our shareholders.\"Eric Trump, a member of the Dominari's Advisory Board, remarked, \"The establishment of ADC is crucial for the development of AI infrastructure in the United States. With the soaring demand for data and an urgent need for scalable and efficient data solutions, ADC is poised to become a leading player in the rapidly advancing AI sector, ensuring that America can rely on homegrown solutions to power its AI backbone.\"On February 11, the Company announced that its board of directors had declared a special cash dividend of $4 million, in the aggregate, to its stockholders of record as of the close of business on February 24, 2025. Following the recent closing of Dominari's financings, it has been determined that the special cash dividend will be $0.32 per share, approximately $4.6 million in the aggregate, and is expected to be paid on March 3, 2025.For additional information about Dominari Holdings Inc., please visit: https://www.dominariholdings.com/About Dominari Holdings Inc.The Company is a holding company that, through its various subsidiaries, is currently engaged in wealth management, investment banking, sales and trading and asset management. In addition to capital investment, Dominari provides...