Latest news with #DominariHoldings
Yahoo
4 days ago
- Business
- Yahoo
Tiny investment bank's revenue surges after Trump sons join
(Bloomberg) — Dominari Holdings Inc. reported a 452% revenue jump in its first full quarter of results since adding Donald Trump Jr. and Eric Trump to its advisory board. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion New York Warns of $34 Billion Budget Hole, Biggest Since 2009 Crisis To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Five Years After Black Lives Matter, Brussels' Colonial Statues Remain A New Stage for the Theater That Gave America Shakespeare in the Park The investment bank, with headquarters in Manhattan's Trump Tower, reported total revenue of $34 million, up from $6.17 million a year earlier. Shares were up 1.7% to $5.42 at 10:11 a.m. in New York, after climbing as much as 5.4% earlier Tuesday. Since enlisting President Donald Trump's eldest sons, Dominari appeared in a series of deals involving the Trumps and their allies. One of the highest profile of these is American Bitcoin Corp., a company spun up with help from another publicly traded Bitcoin miner called Hut 8 Corp. At the end of June, Dominari held a stake in American Bitcoin valued at $32 million, the largest of its long term private holdings, according to its quarterly financial statement. Soon American Bitcoin will become public, in another transaction expected to close in the coming weeks. Another major deal came in June: crypto entrepreneur Justin Sun's father invested $100 million in SRM Entertainment Inc., with Dominari acting as placement agent. SRM, a money-losing toymaker, re-branded as Tron Inc. and pivoted to accumulating TRX, the virtual token that backs Sun's Tron network. Weeks earlier, a fund led by Dominari executive Soo Yu invested in the company, which spiked in value following the deal with Sun. Other recent deals included equity offerings for Hong Kong brokerage Waton Financial Ltd., Taiwanese hotpot restaurant Masterbeef Group and Cambodian bagmaker Kandal M Venture Ltd., according to data compiled by Bloomberg. In March, Dominari partnered with the Trumps and cryptocurrency operation Hut 8 Corp. to create American Bitcoin, a crypto miner expected to go public as early as the third quarter. Dominari booked a gain of $32 million on its position in the company after it raised $220 million in June. It also acted as placement agent on the deal. The stake in American Bitcoin represents almost 75% of its long-term equity holdings. Compensation at Dominari, which has a market capitalization of about $84 million, also soared. Stock options that went to Chief Executive Officer Anthony Hayes and Kyle Wool, who heads its financial arm, cost $26.1 million. An additional $15 million was reserved for commissions. General and administrative expenses totaled $53.5 million in the quarter, a sixfold increase from a year earlier. Eric Trump owns about 6.3% of the company, according to data compiled by Bloomberg. Eric and Trump Jr. each received 750,000 shares for joining the company in February, and for meeting certain milestones. Dominari and its financial subsidiary pay a total of more than $60,000 a month for office space leased in Trump Tower. (Updates with shares in second paragraph, ownership in 10th.) ©2025 Bloomberg L.P. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Bloomberg
4 days ago
- Business
- Bloomberg
Investment Bank Dominari Quintuples Revenue After Trumps Join
By and Annie Massa Save Dominari Holdings Inc. reported a 452% revenue jump in its first full quarter of results since adding Donald Trump Jr. and Eric Trump to its advisory board. The investment bank, with headquarters in Manhattan's Trump Tower, reported total revenue of $34 million, up from $6.17 million a year earlier.
Yahoo
06-08-2025
- Business
- Yahoo
Dominari Securities Issues Statement Regarding Certain Entities
NEW YORK CITY, NY / / August 6, 2025 / Dominari Holdings Inc. (Nasdaq:DOMH) today announced that its wholly owned subsidiary, Dominari Securities LLC, and all advisors thereto, no longer work with, advise or are associated with in any way, the following entities: Resolution Minerals LtdLevel 4, 29-31 King William StreetAdelaide, South Australia 5000 Oakley CapitalL39, Aurora Place, 88 Phillip StreetSydney, NSW 2000 This statement is being issued in the interest of transparency and to avoid any potential confusion in the market between any Dominari entity and the above referenced entities. For additional information about Dominari Holdings Inc., please visit: Dominari Securities LLC's Mission Statement: Dominari Securities LLC, a principal subsidiary of Dominari Holdings Inc., 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 Securities LLC, 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 Securities and its registered investment professionals and review its SEC Form CRS on FINRA's BrokerCheck site at Information for Dominari Securities LLC 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 Investor RelationsHayden IRBrett Maas, Managing PartnerPhone: (646) 536-7331Email: brett@ SOURCE: Dominari Holdings Inc. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
06-08-2025
- Business
- Associated Press
Dominari Securities Issues Statement Regarding Certain Entities
NEW YORK CITY, NY / ACCESS Newswire / August 6, 2025 / Dominari Holdings Inc. (Nasdaq:DOMH) today announced that its wholly owned subsidiary, Dominari Securities LLC, and all advisors thereto, no longer work with, advise or are associated with in any way, the following entities: Resolution Minerals Ltd Level 4, 29-31 King William Street Adelaide, South Australia 5000 Oakley Capital L39, Aurora Place, 88 Phillip Street Sydney, NSW 2000 This statement is being issued in the interest of transparency and to avoid any potential confusion in the market between any Dominari entity and the above referenced entities. For additional information about Dominari Holdings Inc., please visit: Dominari Securities LLC's Mission Statement: Dominari Securities LLC, a principal subsidiary of Dominari Holdings Inc., 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 Securities LLC, 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 Securities and its registered investment professionals and review its SEC Form CRS on FINRA's BrokerCheck site at Information for Dominari Securities LLC 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. Investor Relations Hayden IR Brett Maas, Managing Partner Phone: (646) 536-7331 Email: [email protected] SOURCE: Dominari Holdings Inc. press release
Yahoo
28-06-2025
- Business
- Yahoo
Investing in Dominari Holdings (NASDAQ:DOMH) a year ago would have delivered you a 209% gain
Unless you borrow money to invest, the potential losses are limited. But if you pick the right stock, you can make a lot more than 100%. For example, the Dominari Holdings Inc. (NASDAQ:DOMH) share price had more than doubled in just one year - up 197%. In more good news, the share price has risen 18% in thirty days. In contrast, the longer term returns are negative, since the share price is 7.3% lower than it was three years ago. Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Dominari Holdings isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. When a company doesn't make profits, we'd generally hope to see good revenue growth. That's because it's hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit. Over the last twelve months, Dominari Holdings' revenue grew by 631%. That's well above most other pre-profit companies. Meanwhile, the market has paid attention, sending the share price soaring 197% in response. That sort of revenue growth is bound to attract attention, even if the company doesn't turn a profit. Given the positive sentiment around the stock we're cautious, but there's no doubt its worth watching. The company's revenue and earnings (over time) are depicted in the image below (click to see the exact numbers). Take a more thorough look at Dominari Holdings' financial health with this free report on its balance sheet. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of Dominari Holdings, it has a TSR of 209% for the last 1 year. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! It's nice to see that Dominari Holdings shareholders have received a total shareholder return of 209% over the last year. And that does include the dividend. There's no doubt those recent returns are much better than the TSR loss of 10% per year over five years. We generally put more weight on the long term performance over the short term, but the recent improvement could hint at a (positive) inflection point within the business. It's always interesting to track share price performance over the longer term. But to understand Dominari Holdings better, we need to consider many other factors. Take risks, for example - Dominari Holdings has 5 warning signs (and 3 which are significant) we think you should know about. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.1% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
