- Siebert Financial secures SEC approval to raise $100 million through a shelf registration to fund crypto purchases and tech-driven initiatives.
- The company plans to invest in Bitcoin, Ethereum, Solana, and AI solutions to enhance digital service capabilities and operational efficiency.
- Executives say flexible capital access allows Siebert to scale innovation and position the company for long-term growth in modern financial services.
Siebert Financial Corp was given the approval of the U.S. Securities and Exchange Commission to complete a shelf registration, so it can now raise up to $100 million through the sale of securities. The funds raised will be invested in digital assets and artificial intelligence technologies.
Flexible Capital Strategy for Growth
Siebert Financial Corporation (NASDAQ: SIEB) has announced the effectiveness of its Form S-3 shelf registration, which allows the company to access capital on demand. The proceeds from any offering may be used for acquisitions, purchases of digital assets, and technology development.
“Our shelf registration is a foundational step toward scaling our technology strategy,” said John J. Gebbia, CEO of Siebert Financial. He added that the company is creating access to capital to act in areas like AI, digital assets, and innovation.
The purpose of this move is to improve Siebert’s financial stability and make sure its plans are carried out on schedule.
Focus on Bitcoin, Ethereum, Solana, and AI
The company plans to use the raised capital to purchase digital assets, including Bitcoin, Ethereum, and Solana. Funds may also support the development of AI-powered solutions across Siebert’s service lines.
Andrew Reich, CFO of Siebert Financial, said, “Our ability to access capital on flexible terms enhances how we can build value over time.” He noted that the filing gives the company “optionality to invest in next-generation technologies and support long-term growth for our shareholders.”
These steps reflect Siebert’s commitment to integrating blockchain and AI to enhance client service and platform capabilities.
Prepared for Market Expansion
With the shelf registration now effective, Siebert is positioned to pursue future investment opportunities efficiently. The flexibility to raise up to $100 million provides the company with a strategic advantage in today’s competitive financial landscape.
The registration supports Siebert’s long-term plan to grow through technology-driven innovation and asset diversification.
