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Dominari Holdings (DOMH)entered into definitive securities purchase agreements with certain investors for 1,439,467 shares of its common stock, Series A warrantsto purchase up to 1,439,467 shares of common stock and Series B warrant to purchase up to 1,439,467 shares of common stock at a combined purchase price of $3.47 per share and accompanying Warrants in a registered direct offering priced at-the-market under Nasdaq rules. In a concurrent private placement, Dominari also agreed to issue and sell 2,436,587 shares of common stock, Series A Warrants to purchase up to 2,436,587 shares of common stock and Series B Warrants to purchase up to 2,436,587 shares of common stock at the same purchase price as in the registered direct offering. The Series A Warrants will be exercisable immediately upon issuance at an exercise price of $3.72 per share and will expire five years from the date of issuance. The Series B Warrants will be exercisable immediately upon issuance at an exercise price of $4.22 per share and will expire five years from the date of issuance. The closing of the registered direct offering and the private placement is expected to occur on or about February 11, 2025, subject to the satisfaction of customary closing conditions. Additionally, the Company announced that its board of directors has declared a special cash dividend of $4M in the aggregate to stockholders of record as of the close of business on February 24, 2025. The gross proceeds to the Company are expected to be approximately $13.5M, before deducting fees and other offering expenses, and includes participation from certain of the Company’s executive officers, directors and members of its advisory board. The Company currently intends to use the net proceeds from the offerings for working capital and general corporate purposes and the payment of the above-referenced cash dividend.
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