Dominari Securities LLC Receives Milestone Approval as a Nasdaq Limited Underwriting Member
Dominari Holdings Inc. (Nasdaq:DOMH) announced that its subsidiary, Dominari Securities , has been approved as a Underwriting Member of the Nasdaq Stock Market. This approval allows Dominari to act as a principal underwriter under Nasdaq Listing Rule 5210(m), enabling it to assist companies applying for initial Nasdaq listings in connection with underwritten transactions.
Kyle Wool, CEO of Dominari, described this as a notable achievement and key milestone in their business development strategy. He believes this designation will pave the way for growth in their business, particularly in executing investment banking transactions.
Dominari Securities , a principal subsidiary of Dominari Holdings, is a financial services company focusing on emerging trends and early-stage opportunities in the financial sector.
Dominari Holdings Inc. (Nasdaq:DOMH) ha annunciato che la sua filiale, Dominari Securities, è stata approvata come membro di sottoscrizione del Nasdaq Stock Market. Questa approvazione consente a Dominari di agire come sottoscrittore principale secondo la Nasdaq Listing Rule 5210(m), permettendole di assistere le aziende che fanno richiesta per le quotazioni iniziali su Nasdaq in relazione a transazioni sottoscritte.
Kyle Wool, CEO di Dominari, ha descritto questo traguardo come un risultato notevole e un passo fondamentale nella loro strategia di sviluppo aziendale. Crede che questa designazione aprirà la strada alla crescita del loro business, in particolare nell'esecuzione di transazioni di investment banking.
Dominari Securities, una delle principali filiali di Dominari Holdings, è una società di servizi finanziari che si concentra su tendenze emergenti e opportunità in fase iniziale nel settore finanziario.
Dominari Holdings Inc. (Nasdaq:DOMH) anunció que su subsidiaria, Dominari Securities, ha sido aprobada como miembro de suscripción del Nasdaq Stock Market. Esta aprobación permite a Dominari actuar como suscriptor principal bajo la regla de cotización 5210(m) de Nasdaq, permitiéndole ayudar a las empresas que solicitan listados iniciales en Nasdaq en relación con transacciones subscriptas.
Kyle Wool, CEO de Dominari, describió esto como un logro notable y un hito clave en su estrategia de desarrollo empresarial. Cree que esta designación abrirá el camino para el crecimiento de su negocio, particularmente en la ejecución de transacciones de banca de inversión.
Dominari Securities, una de las principales subsidiarias de Dominari Holdings, es una empresa de servicios financieros que se centra en tendencias emergentes y oportunidades en etapas tempranas en el sector financiero.
Dominari Holdings Inc. (Nasdaq:DOMH)는 자회사인 Dominari Securities가 Nasdaq 주식 시장의 인수 회원으로 승인되었다고 발표했습니다. 이 승인은 Dominari가 Nasdaq 상장 규칙 5210(m)에 따른 주요 인수인으로 활동할 수 있게 하여, 인수 거래와 관련하여 Nasdaq에 초기 상장을 신청하는 회사들을 지원할 수 있게 합니다.
Dominari의 CEO인 Kyle Wool은 이것을 비즈니스 개발 전략의 주목할 만한 성과이자 핵심 이정표라고 설명했습니다. 그는 이 지명이 그들의 비즈니스가 성장하는 길을 열 것이라고 믿고 있으며, 특히 투자은행 거래 수행에 효과적일 것이라고 말했습니다.
Dominari Securities는 Dominari Holdings의 주요 자회사로서, 금융 분야의 신흥 트렌드 및 초기 단계 기회에 집중하는 금융 서비스 회사입니다.
Dominari Holdings Inc. (Nasdaq:DOMH) a annoncé que sa filiale, Dominari Securities, a été approuvée en tant que membre de souscription du Nasdaq Stock Market. Cette approbation permet à Dominari d'agir en tant que souscripteur principal selon la règle d'inscription 5210(m) de Nasdaq, lui permettant d'assister les entreprises qui sollicitent des cotations initiales sur Nasdaq dans le cadre de transactions souscrites.
Kyle Wool, PDG de Dominari, a décrit cela comme une réalisation remarquable et une étape clé dans leur stratégie de développement commercial. Il estime que cette désignation ouvrira la voie à la croissance de leur entreprise, notamment dans la réalisation de transactions de banque d'investissement.
Dominari Securities, une des principales filiales de Dominari Holdings, est une société de services financiers axée sur les tendances émergentes et les opportunités en phase précoce dans le secteur financier.
Dominari Holdings Inc. (Nasdaq:DOMH) gab bekannt, dass ihre Tochtergesellschaft, Dominari Securities, als Underwriting-Mitglied des Nasdaq Stock Market genehmigt wurde. Diese Genehmigung ermöglicht es Dominari, als Hauptunterzeichner gemäß der Nasdaq Listing Rule 5210(m) zu agieren, wodurch sie Unternehmen unterstützen kann, die Anträge auf erste Nasdaq-Notierungen in Verbindung mit unterzeichneten Transaktionen stellen.
Kyle Wool, CEO von Dominari, beschrieb dies als bemerkenswerte Errungenschaft und wichtigen Meilenstein in ihrer Geschäftsentwicklungsstrategie. Er ist überzeugt, dass diese Auszeichnung den Weg für Wachstum ebnen wird in ihrem Geschäft, insbesondere bei der Durchführung von Investmentbanking-Transaktionen.
Dominari Securities, eine Haupttochtergesellschaft von Dominari Holdings, ist ein Finanzdienstleistungsunternehmen, das sich auf aufstrebende Trends und Chancen in der Frühphase im Finanzsektor konzentriert.
- Approval as Nasdaq Underwriting Member enhances Dominari's service offerings
- New designation allows Dominari to assist companies with initial Nasdaq listings
- Potential for growth in investment banking transactions
- None.
Insights
Dominari Securities' approval as a Nasdaq Underwriting Member is a significant milestone for the company's growth strategy. This designation allows Dominari to act as a principal underwriter for companies seeking initial Nasdaq listings, potentially opening up new revenue streams. However, it's important to note that while this approval enhances Dominari's capabilities, it doesn't guarantee immediate financial impact.
The underwriting business can be highly competitive and cyclical, influenced by market conditions and deal flow. Investors should monitor Dominari's ability to capitalize on this new status and secure underwriting deals. The company's success will depend on factors such as its reputation, deal pipeline and execution capabilities. While this approval is a positive step, its financial impact may take time to materialize and should be viewed as a long-term growth opportunity rather than an immediate game-changer.
This approval positions Dominari Securities to tap into the lucrative IPO and public offering market. The U.S. IPO market has been volatile, with
Dominari's new status could be particularly advantageous if we see an uptick in smaller, growth-oriented companies seeking Nasdaq listings. The company's ability to underwrite these offerings could provide a competitive edge in attracting clients. However, success will depend on market conditions, Dominari's network and its ability to identify promising companies. Investors should watch for signs of Dominari leveraging this approval to secure underwriting deals and how it impacts their financial performance in upcoming quarters.
NEW YORK CITY, NY / ACCESSWIRE / August 13, 2024 / Dominari Holdings Inc. (Nasdaq:DOMH) (the "Company") today announced that its wholly-owned subsidiary, Dominari Securities LLC ("Dominari"), has been approved as a Limited Underwriting Member of the Nasdaq Stock Market. This approval enables Dominari to act as a principal underwriter under Nasdaq Listing Rule 5210(m).
Mr. Kyle Wool, CEO of Dominari, commented, "Being designated as a Limited Underwriting Member of Nasdaq is a notable achievement and key milestone in our business development strategy. The designation is an essential aspect for executing investment banking transactions and we believe it will help pave the way for growth in our business. The designation allows us to assist companies that want to apply for an initial Nasdaq listing in connection with an underwritten transaction."
For additional information about Dominari Holdings Inc., please visit: https://www.dominariholdings.com/
Dominari Securities LLC's Mission Statement:
Dominari, a principal subsidiary of the Company, is a dynamic, forward-thinking financial services company that seeks to create wealth for all stakeholders by capitalizing on emerging trends in the financial services sector and identifying early-stage future opportunities that are expected to generate a high rate of return for investors.
Securities Brokerage and Registered Investment Adviser Services are offered through Dominari, a Member of FINRA, MSRB and SIPC. Securities brokerage, investment adviser and other non-bank deposit investments are not FDIC insured and may lose some or all of the principal invested. You can check the background of Dominari and its registered investment professionals and review its SEC Form CRS on FINRA's BrokerCheck site at https://brokercheck.finra.org. Information for Dominari and its registered investment professionals as well as its SEC Form CRS may also be found on FINRA's BrokerCheck site.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. 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 the Risk Factors set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023 relating to its business. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
Dominari Holdings Inc.
https://www.dominariholdings.com/
Investor Relations
Hayden IR
Brett Maas, Managing Partner
Phone: (646) 536-7331
Email: brett@haydenir.com
www.haydenir.com
SOURCE: Dominari Holdings Inc.
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FAQ
What approval did Dominari Securities receive from Nasdaq?
What does the Nasdaq Underwriting Member status allow Dominari Securities to do?
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