Dominari Holdings Inc. Files 8-K for Material Definitive Agreement
Ticker: DOMH · Form: 8-K · Filed: May 21, 2024 · CIK: 12239
| Field | Detail |
|---|---|
| Company | Dominari Holdings INC. (DOMH) |
| Form Type | 8-K |
| Filed Date | May 21, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, company-name-change
TL;DR
Dominari Holdings Inc. just signed a big deal, filing an 8-K today.
AI Summary
On May 21, 2024, Dominari Holdings Inc. filed an 8-K report detailing a material definitive agreement. The company, formerly known as Aikido Pharma Inc. and SPHERIX INC, is incorporated in Delaware and headquartered in New York.
Why It Matters
This filing indicates a significant new agreement for Dominari Holdings Inc., which could impact its business operations and financial standing.
Risk Assessment
Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that are not yet fully understood.
Key Players & Entities
- Dominari Holdings Inc. (company) — Registrant
- May 21, 2024 (date) — Date of earliest event reported
- Aikido Pharma Inc. (company) — Former company name
- SPHERIX INC (company) — Former company name
- Delaware (jurisdiction) — State of incorporation
- New York (location) — Business address city
FAQ
What is the nature of the material definitive agreement filed by Dominari Holdings Inc.?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on May 21, 2024.
What were Dominari Holdings Inc.'s previous names?
Dominari Holdings Inc. was formerly known as AIkido Pharma Inc. and SPHERIX INC.
In which state is Dominari Holdings Inc. incorporated?
Dominari Holdings Inc. is incorporated in Delaware.
What is the business address of Dominari Holdings Inc.?
The business address is 725 5th Avenue, 22nd Floor, New York, NY 10022.
Filing Stats: 819 words · 3 min read · ~3 pages · Grade level 14.5 · Accepted 2024-05-21 16:30:36
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value DOMH The Nasdaq Capital M
Filing Documents
- ea0206555-8k_dominari.htm (8-K) — 28KB
- ea020655501ex10-1_dominari.htm (EX-10.1) — 202KB
- 0001213900-24-045613.txt ( ) — 443KB
- domh-20240521.xsd (EX-101.SCH) — 3KB
- domh-20240521_lab.xml (EX-101.LAB) — 33KB
- domh-20240521_pre.xml (EX-101.PRE) — 22KB
- ea0206555-8k_dominari_htm.xml (XML) — 4KB
01 Entry into a Material Definitive
Item 1.01 Entry into a Material Definitive Agreement. On May 21, 2024 Dominari Financial Inc. ("Dominari Financial"), a wholly owned subsidiary of Dominari Holdings Inc., and Heritage Strategies LLC ("HS") entered into a Limited Liability Company Operating Agreement (the "JV Agreement") of Dominari Financial Heritage Strategies LLC ("DFHS"). The JV Agreement governs the operation of DFHS, including the distributions to the members of DFHS upon the offer, sale and renewal of various insurance products and services, including life insurance, private placement insurance, group medical plans, qualified plans, business insurance, and family office and estate planning services (the "Joint Venture"). Pursuant to the terms of the JV Agreement, Dominari Financial and HS will be co-managing members (the "Co-Managing Members"), each with fifty percent (50%) ownership interests in DFHS. The Co-Managing Members act by unanimous consent, but acknowledge and agree that Dominari Financial is responsible for managing the day-to-day operations of DFHS while HS shall be responsible for handling administrative work as needed between DFHS and the various insurance companies. Both Co-Managing Members shall share sales responsibilities with respect to DFHS. Revenues from the sale of the various insurance products and services after deducting general and administrative costs will be distributed to the Co-Managing Members as set forth in the JV Agreement. The Joint Venture shall be dissolved upon the earlier of: (1) the date in which DFHS is terminated or dissolved by operation of law; (2) unless one of the remaining Co-Managing Members agrees to continue the Joint Venture, within ninety days after a specified bankruptcy event, (as more fully described in the JV Agreement); or (3) upon election of either of the Co-Managing Members to cause termination of the Joint Venture. Each Co-Managing Member shall have a right of first refusal relating to any transfers of membership interests in DF
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Limited Liability Company Operating Agreement of Dominari Financial Heritage Strategies LLC by and between Dominari Financial Inc. and Heritage Strategies LLC, dated as of May 21, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: May 21, 2024 DOMINARI HOLDINGS INC. By: /s/ Anthony Hayes Name: Anthony Hayes Title: Chief Executive Officer 2