Financial services firm Siebert Financial Corp. (NASDAQ: SIEB) has announced the effectiveness of a $100 million shelf registration following SEC approval of its Form S-3.
The registration grants the company broad flexibility to raise capital through the future sale of a range of securities.
According to Siebert, the new capital will be used to support strategic acquisitions, investment in digital assets, and advancement of AI-driven technologies across its operations. This includes potential purchases of Bitcoin, Ethereum, and Solana, signaling a deepening focus on blockchain integration and crypto adoption.
“Our shelf registration is a foundational step toward scaling our technology strategy,” said CEO John J. Gebbia. “We’re creating the capital access needed to move decisively in areas that will define the future of financial services.”
AI, Blockchain, and Strategic Flexibility
Siebert executives emphasized that the filing is not an immediate capital raise but a strategic tool that enables the company to act quickly when market conditions are favorable. Investments may span the development of AI-powered solutions, blockchain infrastructure, and digital innovation across its service lines.
“This filing gives us the optionality to invest in next-generation technologies and support long-term growth,” added CFO Andrew Reich.
The announcement underscores Siebert’s broader push to position itself at the intersection of traditional finance and emerging digital technologies, following an industry trend of fintech firms expanding into crypto and artificial intelligence.
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Source: https://coindoo.com/siebert-financial-opens-door-to-100m-raise-for-crypto-ai-and-strategic-expansion/