Siebert Financial, a listed company, plans to raise $100 million to buy crypto assets and invest in AI technology

Odaily News Siebert Financial Corp. (NASDAQ: SIEB) announced that its S-3 shelf registration statement has been approved by the U.S. SEC, which will allow it to raise up to $100 million through the sale of various securities. This move will enhance the company's financial flexibility, and the proceeds may be used for potential acquisitions, purchases of digital assets such as Bitcoin, Ethereum, Solana, and investments in technology service lines such as artificial intelligence, including but not limited to AI solutions. (Globenewswire)