Business
Dominari Financial Granted Approval to Acquire Broker Dealer
NEW YORK, March 21, 2023 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) ("Dominari" or the "Company") today reported that on March 20, 2023, pursuant
About this update from Dominari Holdings Inc.
[{"type":"text","content":"NEW YORK, March 21, 2023 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) (\"Dominari\" or the \"Company\") today reported that on March 20, 2023, pursuant to FINRA Rule 1017, FINRA has approved the proposed change in ownership whereby its subsidiary Dominari Financial Inc. will become the sole owner of Fieldpoint Private Securities LLC. This matter is the next step in the previously announced agreement to buy Fieldpoint Private Securities. Final acquisition of the broker dealer is subject to a final closing, which by agreement among the parties, should occur within five (5) business days of FINRA approval.\n\n \n \n \n \n \n \n\n \nAbout Dominari Holdings Inc.\nDominari Holdings Inc. (f/k/a Aikido Pharma Inc.) until recently was focused primarily on the development of a diverse portfolio of small-molecule anticancer and antiviral therapeutics and related patent technology. In September 2022, the Company agreed to acquire a registered broker-dealer and transition its primary business operations to fintech and financial services. Upon the final closing of this acquisition, the Company's fintech and financial services business will be operated through its subsidiary, Dominari Financial Inc. The Company continues to develop its therapeutics and related patent technology, as well as other ventures, through its subsidiary, Aikido Labs, LLC.\nForward-Looking Statements\nCertain statements in this press release constitute \"forward-looking statements\" within the meaning of the federal securities laws. Words such as \"may,\" \"might,\" \"will,\" \"should,\" \"believe,\" \"expect,\" \"anticipate,\" \"estimate,\" \"continue,\" \"predict,\" \"forecast,\" \"project,\" \"plan,\" \"intend\" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, which include but are not limited to Risk Factors relating to its business contained therei...