11:32 AM EDT, 06/09/2025 (MT Newswires) -- Siebert Financial ( SIEB ) said Monday its recently filed $100 million registration statement for the sale of up to $100 million of its securities was declared effective by the US Securities and Exchange Commission.

The proceeds will be used to purchase digital assets, invest in artificial intelligence, and for potential acquisitions, the company said.

Shares were up 3.5% in recent trading.

Price: 5.41, Change: +0.18, Percent Change: +3.52