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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Siebert Financial Corporation | NASDAQ:SIEB | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -2.48% | 1.97 | 1.90 | 2.13 | 2.05 | 1.95 | 2.03 | 14,959 | 21:00:06 |
New York
|
0-5703
|
11-1796714
|
(State or other jurisdiction of
|
(Commission File Number)
|
(IRS Employer Identification
|
incorporation) |
Number)
|
120 Wall Street, New York, NY
|
|
10005
|
(Address of principal executive offices)
|
|
(Zip Code)
|
(Former name or former address, if changed since last report.)
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
Common Stock - $0.01 par value
|
SIEB
|
The Nasdaq Capital Market
|
●
|
As disclosed on a Form 8-K filed on December 4, 2019, the Company entered into an unsecured promissory note (the “Note”) with Gloria E. Gebbia, pursuant to which the Company borrowed $3,000,000 to finance
part of its acquisition of Weeden Prime Services, LLC.
|
●
|
As disclosed on a Form 8-K filed on January 7, 2020, pursuant to the terms of a an Agreement and Plan of Merger by and between the Company, Muriel Siebert & Co, Inc., a Delaware corporation and
wholly-owned subsidiary of the Company (“MSCO”), StockCross Financial Services, Inc. (“StockCross”) and Michael J. Colombino, on behalf of himself and as representative of the other StockCross shareholders, the Company acquired, from the
StockCross shareholders, all of the StockCross Shares in exchange for a total of 3,298,774 shares of common stock of the Company and StockCross was merged with and into MSCO (the “Merger”). Gloria E. Gebbia was an owner and a director of
StockCross prior to the Merger and received 269,865 shares of the Company’s common stock in the Merger. In addition, Mr. Gebbia’s sons were owners of StockCross prior to the Merger and received a total of 2,276,907 shares of the Company’s
common stock in the Merger.
|
Dated: June 2, 2020
|
|||
|
By:
|
/s/ Andrew H. Reich | |
Andrew H. Reich | |||
Executive Vice President, Chief Operating Officer, Chief
|
|||
Financial Officer and Secretary |
1 Year Siebert Financial Chart |
1 Month Siebert Financial Chart |
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