Latest news with #DominariSecurities
Yahoo
5 hours ago
- Business
- Yahoo
Tron Looks to Go Public in the U.S., Form Strategy-Like TRX Holding Firm: FT
Tron, the blockchain founded by billionaire Justin Sun, is looking to go public in the U.S., the Financial Times reported on Monday. Tron will go public via a reverse merger with Nasdaq-listed SRM Entertainment, the report said, citing people familiar with the matter. The deal is being managed by Dominari Securities, an investment firm with ties to the Trump family, the report added. The new firm will buy and hold Tron's TRX TRX, similar to Michael Saylor-led bitcoin BTC holding firm Strategy (MSTR). Tron will add $210 million worth of tokens into the new firm. TRX jumped nearly 4% to 28 cents after the FT report was published. Shares of SRM Entertainment jumped nearly 250% to $5.1 in pre-market trading. The move comes as a slew of crypto firms have gone public in the U.S., including stablecoin giant Circle, whose shares have jumped more than three-fold from its IPO price of $31. The FT reported that Eric Trump, son of U.S. President Donald Trump, would take a role in the new firm called Tron Inc., but Eric denied this in a post on X (formerly Twitter), saying he had no "public involvement."Sun is a close affiliate of the Trump family and attended the Presidential dinner hosted for the top holders of the TRUMP memecoin. He also owns $75 million worth of tokens from World Liberty Financial, the DeFi vehicle backed by the Trump family. After Trump took office, the U.S. Securities and Exchange Commission (SEC) paused a civil fraud case against the crypto billionaire. Sun spoke to CoinDesk after the Presidential dinner, backing Trump and his pro-crypto agenda. "All the haters need to really pay attention," Sun told CoinDesk, describing Trump's support for crypto as one of the President's best decisions."There are positive things happening in the industry." Tron did not immediately respond to CoinDesk's request for (June 16, 13:13 UTC): Adds background on Tron, and Justin Sun. Adds additional details. UPDATE (June 16, 19:30 UTC): Adds Eric Trump statement. Sign in to access your portfolio
CTV News
11 hours ago
- Business
- CTV News
Crypto platform Tron strikes deal with Nasdaq-listed company
Justin Sun's crypto platform, Tron, has reached a deal with Nasdaq-listed company SRM Entertainment under which it will buy tokens, be renamed Tron Inc and have Sun join the company as an adviser, SRM said on Monday. SRM's statement did not name the private investor whose US$100 million equity investment - valued at US$210 million if warrants are exercised - would be used to purchase Tron's cryptocurrency. The Financial Times reported that the funds would be injected by Tron itself and that Tron was set to go public in the U.S. via a reverse merger with SRM. Spokespersons for Tron and SRM did not respond to requests for comment on whether the US$100 million in funds were going to come from Tron itself. SRM's statement did not say how Tron would be run in the future or whether the ownership would change as a result of the deal. The SRM deal was organized by New York-based boutique investment bank Dominari Securities, the statement said. Two of U.S. President Donald Trump's sons, Don Jr and Eric, joined the board of Dominari Holdings, which owns Dominari Securities, in February, the company said at the time. Dominari Securities did not immediately respond to a request for comment. Chinese-born Sun, the founder of the Tron blockchain network, was sued by the U.S. Securities and Exchange Commission in 2023. The billionaire has close ties to Trump's World Liberty Financial crypto venture. This year he increased his investment in the project to US$75 million. Sun's Tron network has also listed USD1, a stablecoin issued by World Liberty. Those purchases, involving an entity where Trump benefits financially, have raised concerns among political opponents and ethics experts about potential conflicts of interest. The president has said he put his business interests in a trust managed by his children to avoid conflicts of interest. A civil fraud lawsuit by the U.S. Securities and Exchange Commission against Sun has been put on hold. SRM also designs and sells custom merchandise such as toys and souvenirs. Its shares jumped more than 300 per cent on Monday, reaching as high as US$6.70, compared with Friday's close of US$1.45. --- Reporting by Ateev Bhandari in Bengaluru and Elizabeth Howcroft in Paris; Editing by Shailesh Kuber and Matthew Lewis.
CNA
11 hours ago
- Business
- CNA
Crypto platform Tron strikes deal with Nasdaq-listed company
Justin Sun's crypto platform, Tron, has reached a deal with Nasdaq-listed company SRM Entertainment under which it will buy tokens, be renamed Tron Inc and have Sun join the company as an adviser, SRM said on Monday. SRM's statement did not name the private investor whose $100 million equity investment - valued at $210 million if warrants are exercised - would be used to purchase Tron's cryptocurrency. The Financial Times reported that the funds would be injected by Tron itself and that Tron was set to go public in the U.S. via a reverse merger with SRM. Spokespersons for Tron and SRM did not respond to requests for comment on whether the $100 million in funds were going to come from Tron itself. SRM's statement did not say how Tron would be run in the future or whether the ownership would change as a result of the deal. The SRM deal was organized by New York-based boutique investment bank Dominari Securities, the statement said. Two of U.S. President Donald Trump's sons, Don Jr and Eric, joined the board of Dominari Holdings, which owns Dominari Securities, in February, the company said at the time. Dominari Securities did not immediately respond to a request for comment. Chinese-born Sun, the founder of the Tron blockchain network, was sued by the U.S. Securities and Exchange Commission in 2023. The billionaire has close ties to Trump's World Liberty Financial crypto venture. This year he increased his investment in the project to $75 million. Sun's Tron network has also listed USD1, a stablecoin issued by World Liberty. Those purchases, involving an entity where Trump benefits financially, have raised concerns among political opponents and ethics experts about potential conflicts of interest. The president has said he put his business interests in a trust managed by his children to avoid conflicts of interest. A civil fraud lawsuit by the U.S. Securities and Exchange Commission against Sun has been put on hold. SRM also designs and sells custom merchandise such as toys and souvenirs. Its shares jumped more than 300 per cent on Monday, reaching as high as $6.70, compared with Friday's close of $1.45.
Yahoo
04-06-2025
- Business
- Yahoo
Dominari Holdings Issues Letter to Shareholders
NEW YORK, June 4, 2025 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) today issued the following letter to shareholders: Dear Shareholders, I am very proud of what Dominari Securities, our wholly owned subsidiary, accomplished in less than three (3) years and wish to take this opportunity to discuss those accomplishments with you. What began as a vision has grown into a dynamic and respected investment bank with a differentiated market position. Over the past year, we have raised approximately $287.5 million in capital and executed over 35 transactions, across various sectors, geographies, and deal sizes. In total, we have led more than 19 private placements and IPOs in the U.S. markets, helping micro- and small-cap U.S.-based companies bring their growth strategies to life. This proven track record highlights our ability to identify high-quality opportunities, strong deal execution and importantly, the trust we have earned from clients, investors, and partners. Select Transaction Highlights Highlights of some of our recent work include: Unusual Machines, Inc. Unusual Machines (NYSE American: UMAC) ( is an American company that primarily serves the American drone industry by building and selling drone components. The use of drones is expanding and Dominari is honored to have assisted this great company by completing a private placement for them in October of 2024. Since October, Dominari Securities has had the privilege of working closely with Unusual Machines throughout its capital markets journey—including its successful IPO, a follow-on PIPE transaction, and most recently, the completion of a $40 million capital raise. This long-standing partnership reflects our shared vision for UMAC's growth and our commitment to supporting innovative American companies. authID According to the U.S. State Department, in 2020 alone, the FBI estimated more than $4 billion was lost to cybercrime in the United States. ( One American company is working hard to prevent this rise in cybercrime and Dominari is proud to support its mission. authID Inc. (NASDAQ: AUID), based here in the U.S., is a leading provider of biometric identity verification and authentication solutions. authID quickly and accurately verifies a user's identity to protect accounts and other digital assets. Dominari continues to support authID in its capital-raising efforts, most recently serving as Co-Placement Agent for the company's $8.15 million registered direct offering. This follows a previously completed $2.1 million offering and reflects Dominari's ongoing commitment to authID's mission. Dominari's management personally participated in both transactions. American Bitcoin In addition, our partnership with American Data Centers marked a pivotal step in our strategy to support infrastructure-driven innovation in emerging sectors. American Data Centers started as a wholly owned subsidiary of Dominari Holdings. We then expanded its shareholder base through our relationships with our Advisory Board, which then resulted in a merger with Hut 8. This evolution led to the formation of American Bitcoin, a natural extension of its capabilities into the rapidly growing digital mining and treasury sector. Recognizing the strategic opportunity in blockchain infrastructure, we played a key role in advising and supporting the company, which ultimately culminated in its announced IPO through a merger with Gryphon Digital Mining. The transaction positions the combined entity to become a leading player in the sustainable bitcoin mining space with a potential billion-dollar valuation for American Bitcoin if the proposed merger with Gryphon is approved. The transaction exemplifies our ability to identify and guide high-potential companies through transformational growth, from early-stage capital formation to public market readiness. Deal Snapshot Overall, deal flow has accelerated at a meaningful pace and graduated to a higher level of larger deals that help grow American companies. We continue to attract mandates from innovative, high-growth companies, often through referrals, which speaks directly to the credibility we have earned, the quality of our work and the potential for continued growth. Below is a snapshot of the private companies we have raised money to invest in, as of May 30, 2025: Private Transactions SpaceX $ 28,260,357.59 ABTC $ 4,850,000.00 Large US Drone Co. $ 15,041,535.32 C2 Capital Group $ 2,545,690.06 Aquyre $ 11,935,841.77 CentBanx Holdings, Inc. $ 2,500,000.00 DOGE $ 11,544,766.12 Groq $ 2,395,660.00 Cerebras Systems Inc $ 10,678,075.71 Evtec Aluminium $ 2,088,000.00 Diasome $ 8,362,143.00 AdvEn Inc $ 1,570,000.00 Zipline $ 7,098,007.00 Databricks $ 1,079,970.00 SIM $ 7,015,238.00 Cordio $ 879,993.00 xAI $ 6,895,505.49 Grand Total $ 124,740,783.06 Dominari has gained a lot of media attention lately with regards to the companies we have raised money for, both positive and, in my opinion, unjustifiably negative. I will leave it up to you to decide the caliber of these companies, but I consider the above an impressive list. In addition, some in the media have unfairly characterized some of our recent initial public offerings to imply a lesser quality of client. We unequivocally reject these assertions. We will continue to underwrite and participate in initial public offerings and secondary offerings with high quality micro- and small-cap issuers which have been, and will be, thoroughly reviewed and approved by both FINRA and the SEC. The numbers speak volumes to the quality of our issuers and our completed transactions. Of the list below, we have recognized an average return of approximately 344% from pricing to the IPO's 52 week high. Our investors, while fundamental in nature, have and will continue to benefit from the performance of our transactions, the potential for dynamic liquidity and returns in our deals. Issuer Deal Size Unusual Machines, Inc. $5,000,000 Wellchange Holdings Co. Ltd. $8,000,000 PTL Ltd. $5,000,000 Jupiter Neurosciences, Inc. $11,000,000 Leishen Energy Holding Co., Ltd. $5,500,000 Diginex Ltd. $9,225,000 Skyline Builders Group Holding Ltd. $6,000,000 Aureus Greenway Holdings Ltd. $15,000,000 WF Holding Ltd. $8,000,000 Top Win International Ltd. $10,656,000 MasterBeef Group $8,000,000 Everbright Digital Holding Ltd. $6,000,000 Grand Total $ 97,381,000.00 The quote 'Whenever something good is trying to happen, something bad is trying to stop it' is a statement about the pervasive nature of conflict and opposition. It suggests that progress and positive outcomes are often met with resistance, and it generally seems applicable considering some recent articles about Dominari. On January 2, 2025, the Company stock closed at $1.09. On May 15, 2025, our stock closed at $5.61. What happened in those four and half months? A lot. And while the Press Releases, the 10K and 10Q cover all the events since January, the simple answer is 'hard work,' outstanding employees, and our Board of Advisors. The Company's Board of Advisors works very hard to create shareholder value and the proof of that work is a significant increase in the Company's stock price and total Company revenue. Moreover, as of the release of this letter, no Board of Advisory member has sold a single share of stock. I am very proud of our Company, our employees, our Board of Directors, our Board of Advisors and all that we have accomplished. At Dominari, we have cultivated a brand synonymous with visionary thinking, executional excellence, transparency, and reliability. Importantly, we are excited about the road ahead. Thank you for your continued support. Kind regards, Anthony C. HayesCEO of Dominari Holdings, Inc. Contacts: Dominari Holdings Investor RelationsHayden IRBrett Maas, Managing PartnerPhone: (646) 536-7331Email: brett@ View original content to download multimedia: SOURCE Dominari Holdings Inc. Sign in to access your portfolio
Yahoo
23-05-2025
- Business
- Yahoo
PicoCELA Inc. Announces Pricing of Public Offering
TOKYO, May 23, 2025 /PRNewswire/ -- PicoCELA Inc. ("PicoCELA" or the "Company"), (Nasdaq: PLCA), a Tokyo-based provider of enterprise wireless mesh solutions, today announced the pricing of a best-efforts public offering (the "Offering") of 6,100,000 American Depositary Shares ("ADSs") at a public offering price of $0.30 per ADS. The Company expects to receive aggregate gross proceeds of $1,830,000, before deducting placement agent commissions and other offering expenses. Each ADS represents one common share of the Company. The Offering is expected to close on or about May 27, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use approximately 70% of the net proceeds from the Offering for working capital and general corporate purposes and approximately 30% for product development and research. Revere Securities LLC is acting as the lead placement agent and Dominari Securities LLC is acting as the co-placement agent in connection with the Offering. Hunter Taubman Fischer & Li LLC is acting as U.S. counsel to the Company, and Winston & Strawn LLP is acting as U.S. counsel to the placement agents in connection with the Offering. Spirit Advisors LLC is acting as the financial advisor for the Company. A registration statement on Form F-1, as amended (File No. 333-285764), relating to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on May 22, 2025. The Offering is being made only by means of a prospectus, forming part of the effective registration statement. A copy of the final prospectus, when available, relating to the Offering may be obtained via the SEC's website at Copies of the prospectus, when available, may be obtained from: Revere Securities LLC, 560 Lexington Ave, 16th Floor, New York, NY 10022, or by email at contact@ Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About PicoCELA Inc. PicoCELA is a Tokyo-based provider of enterprise wireless mesh solutions, specializing in the manufacturing, installation, and services of mesh Wi-Fi access point devices. PicoCELA Backhaul Engine, the Company's proprietary patented wireless mesh communication technology software, eliminates the need for extensive LAN cabling and enables flexible and easy installation of Wi-Fi network devices. PicoCELA also offers a cloud portal service, PicoManager, which allows users to monitor connectivity and communication traffic, as well as install edge-computing software on the Company's PCWL mesh Wi-Fi access points. Forward-Looking Statements Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expectation that the Offering will be successfully completed. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would," and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the Offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise. For investor and media inquiries, please contact:global@ Logo: View original content to download multimedia: SOURCE PicoCELA Inc. 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
