Siebert Financial has received SEC approval to suspend its registration statement, aiming to raise up to $100 million to invest in AI and digital assets.

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According to ChainCatcher news and reported by Globenewswire, Nasdaq-listed financial service company Siebert Financial (SIEB) announced that its S-3 form shelf registration statement has been approved by the SEC and plans to raise up to $100 million through the issuance of various securities. The funds will be used for potential acquisitions, purchases of digital assets including Bitcoin, Ethereum, and Solana, as well as technology investments in areas such as AI. The company stated that this initiative will enhance its strategic flexibility in financial service innovation.

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