SI - SI STOCK NEWS

Silvergate Capital Corporation (NYSE: SI) announced participation in a fireside chat at Canaccord Genuity’s Digital Assets Virtual Symposium on February 15, 2022, at 9:30 a.m. ET. The chat will feature CEO Alan Lane, CFO Tony Martino, and CSO Ben Reynolds. Investors can access a live webcast via the investor relations section of Silvergate’s website.

Silvergate is a leading provider of financial infrastructure solutions for the digital currency industry, offering a real-time payments platform called the Silvergate Exchange Network.

Silvergate Capital Corporation (NYSE: SI) has acquired intellectual property and technology assets from the Diem Group to enhance its stablecoin infrastructure. This acquisition positions Silvergate to launch a U.S. dollar-backed regulated stablecoin in 2022, addressing customer needs for efficient global payments. The company issued 1,221,217 shares and paid $50 million in cash for the technology, valued at approximately $182 million. Silvergate anticipates an additional $30 million in integration costs in 2022.

Silvergate Capital Corporation (NYSE:SI) reported Q4 2021 net income of $21.4 million, down from $23.5 million in Q3 2021 but up from $9.1 million in Q4 2020. Net income per diluted share was $0.66. The Silvergate Exchange Network (SEN) processed $219.2 billion in transfers, a 35% increase from the previous quarter. Digital currency customer deposits grew to an average of $13.3 billion. Full-year 2021 net income was $78.5 million, significantly up from $26.0 million in 2020. The company completed a $552.0 million equity offering, enhancing liquidity for future growth.

Silvergate Capital Corporation (NYSE:SI) announced it will release its fourth quarter and full year 2021 financial results on January 18, 2022, before market open. A conference call will follow at 11:00 a.m. (ET). Interested parties can access the call by dialing 1-844-200-6205 or via a live webcast on the company's investor relations website. A replay will be available in the afternoon of the same day until February 1, 2022. Silvergate is recognized for its innovative financial solutions in the digital currency sector.

Silvergate Capital Corporation (NYSE: SI) and EJF Capital LLC have launched the EJF Silvergate Ventures Fund, focusing on early-stage fintech investments in digital currency, payments, and banking technology.

The Fund aims to identify and support companies developing innovations like real-time payments and AI-based credit decisioning. By leveraging Silvergate's expertise in digital currency and EJF's extensive financial services knowledge, the partnership seeks to enhance investment opportunities for transformative technologies in the financial sector.

Silvergate Capital Corporation (NYSE: SI) has successfully completed a public offering of 3,806,895 shares of Class A common stock at $145.00 each, raising approximately $552.0 million before discounts. The proceeds aim to bolster regulatory capital levels for Silvergate and its subsidiary, Silvergate Bank, and will support growth initiatives including the SEN Leverage product and digital asset services. The offering was managed by Goldman Sachs, J.P. Morgan, and Keefe, Bruyette & Woods among others.

Silvergate Capital Corporation (NYSE: SI) priced an underwritten public offering of 3,310,344 shares of Class A common stock at $145.00 per share, aiming for gross proceeds of approximately $480.0 million. With a 30-day option for underwriters to purchase an additional 496,551 shares, total proceeds could reach approximately $552.0 million. The funds will enhance regulatory capital levels for Silvergate and its subsidiary, Silvergate Bank, and support growth initiatives, including digital asset services. The offering is expected to close on December 9, 2021.

Silvergate Capital Corporation (NYSE: SI) has announced a public offering of $400 million in Class A common stock, with an option for underwriters to purchase an additional $60 million. Proceeds will enhance regulatory capital for Silvergate Bank and support growth initiatives, including the SEN Leverage product. The offering is managed by Goldman Sachs, J.P. Morgan, and Keefe, Bruyette & Woods. Investors are advised to review the upcoming preliminary prospectus supplement and related documents filed with the SEC for complete details.

Silvergate Capital Corporation (NYSE: SI) announced participation in Oppenheimer's 4th Blockchain & Digital Assets Summit on November 18, 2021, at 2:55 p.m. ET. CEO Alan Lane, CFO Tony Martino, and CSO Ben Reynolds will engage in a fireside chat, accessible via a live webcast on the company's investor relations website. Silvergate is a key player in providing financial solutions to the digital currency sector, particularly through its Silvergate Exchange Network, which supports a range of payments, lending, and funding services for digital currency companies worldwide.