Siebert Financial Corp. Plans to Raise $145 Million for Cryptocurrency and AI Investments Following SEC Approval

On September 9, Siebert Financial Corp. (SIEB), listed on the American NASDAQ, announced that it had obtained approval from the U.S. Securities and Exchange Commission (SEC) for its S-3 shelf registration statement, planning to raise up to $100 million (approximately 14.5 billion yen) for investments in cryptocurrencies, AI, and acquisition deals. CEO John Gebbia described the shelf registration as a foundational step in expanding their technology strategy, indicating plans to allocate the raised funds to purchase digital assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The company is also considering investments in technology services equipped with AI. CFO Andrew Reich commented on the flexibility...