Dominari Holdings Inc. Releases Shareholder Update

About this update from Dominari Holdings Inc.

[{"type":"text","content":"NEW YORK, Sept. 6, 2023 /PRNewswire/ -- Dominari Holdings Inc. (\"Dominari\" or the \"Company\") today released the following shareholder update:\n\n \n \n \n \n \n \n\n \nDear Fellow Shareholders,\nAs disclosed in prior letters and filings, Dominari has completed its transition from a drug development company to a financial services company, complete with a fully registered and rapidly growing broker-dealer subsidiary. With the first full quarter of operating a broker-dealer behind us, I am excited to take this opportunity to update you on our business and provide you with additional insights on how we intend to grow moving forward.\nRecent Accomplishments\nWith our recent acquisitions, we currently hold over $700 million in client assets. We will continue to aggressively seek to grow the business through the acquisition of other wealth management teams with assets under management. Additionally, our budding capital markets team has already enjoyed success across a broad spectrum of industries, including in healthcare, biotechnology, industrial and consumer industries. To date, we have participated in more than 24 follow-on public offerings including public offerings in ImmunoGen, Rexford Industrial, ANI Pharmaceuticals, Inc., Agilon health, Maxeon Solar Technologies, Ltd., Gates Industrial, Celestica, and GE HealthCare. Additionally, we have acted as co-manager on two initial public offerings (IPOs). Finally, our capital markets team was successful in raising money for two pre-IPO special purpose vehicles and we expect to be actively involved in any future IPOs for such companies if they materialize. Lastly, we are looking to grow our financial advisory business which has already started to generate fee revenue for the Company.\nThe Path Forward \nAs demonstrated above, we will continue to create a unique blend of traditional wealth management offerings that clients have come to know and trust. In addition, we are creating opportunities for our clients to participate in the leading edge of wealth creation vehicles via our access to pre-IPO companies and other unique alternative financial investments.\nWe are committed to becoming a leading full-service diversified financial services firm, with multiple pillars of growth and revenue. Building on our early success, we will continue to develop a solid recurring revenue, fee-based...

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