Siebert Financial Reports Material Definitive Agreement

TL;DR

**SIEB just signed a material definitive agreement, watch for details on what it means for the stock.**

AI Summary

Siebert Financial Corp. (SIEB) filed an 8-K on January 24, 2024, to report a material definitive agreement entered into on January 18, 2024. This filing indicates a significant corporate event that could impact the company's operations or financial structure. For investors, this matters because material agreements often signal strategic shifts, potential partnerships, or changes in capital structure, which can influence future earnings and stock valuation.

Why It Matters

This filing signals a potentially significant change in Siebert Financial's business operations or financial standing, which could affect its future profitability and stock price.

Risk Assessment

Risk Level: medium — The filing indicates a material agreement but lacks specific details, creating uncertainty about its potential positive or negative impact.

Analyst Insight

A smart investor would await further details on the 'material definitive agreement' to understand its nature and potential impact on Siebert Financial Corp.'s financials and strategic direction before making any investment decisions.

Key Players & Entities

• Siebert Financial Corp. (company) — registrant of the 8-K filing
• January 18, 2024 (date) — date of the earliest event reported (entry into material definitive agreement)
• January 24, 2024 (date) — date the 8-K report was filed
• Nasdaq Capital Market (company) — exchange where SIEB common stock is registered
• $0.01 (dollar_amount) — par value of common stock

FAQ

Key Financial Figures

• $0.01 — ge on which registered Common Stock - $0.01 par value SIEB The Nasdaq Capital M
• $385,000 — ee hundred eight-five thousand dollars ($385,000), consisting of three hundred and fifty
• $350,000 — ee hundred and fifty thousand dollars' ($350,000) of the Company's common stock (NASDAQ:
• $35,000 — 2024, and thirty-five thousand dollars ($35,000) cash at Closing. Item 9.01 Financial

Filing Documents

• ea192124-8k_siebert.htm (8-K) — 28KB
• ea192124ex10-43_siebert.htm (EX-10.43) — 73KB
• 0001213900-24-006112.txt ( ) — 278KB
• sieb-20240118.xsd (EX-101.SCH) — 3KB
• sieb-20240118_lab.xml (EX-101.LAB) — 33KB
• sieb-20240118_pre.xml (EX-101.PRE) — 22KB
• ea192124-8k_siebert_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 18, 2024, Siebert Technologies, LLC ("STCH"), a subsidiary of Siebert Financial Corp. (the "Company") entered into a Purchase Agreement (the "Purchase Agreement") with J2 Financial Technology, Inc., d/b/a "Guild", a Delaware corporation. Under the Purchase Agreement, STCH purchased a Mobile Self-Directed Trading App for the total purchase price ("Purchase Price") of three hundred eight-five thousand dollars ($385,000), consisting of three hundred and fifty thousand dollars' ($350,000) of the Company's common stock (NASDAQ: SIEB), priced at the historical 30-day moving average, as of January 18, 2024, and thirty-five thousand dollars ($35,000) cash at Closing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The following exhibits are filed with this Report. Ex. No Description of Exhibits 10.43 Purchase Agreement, dated January 18, 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 thereunto duly authorized. Dated: January 24, 2024 SIEBERT FINANCIAL CORP. By /s/ John J. Gebbia John J. Gebbia Chief Executive Officer (Principal executive officer) By /s/ Andrew H. Reich Andrew H. Reich Executive Vice President, Chief Operating Officer, Chief Financial Officer, and Secretary (Principal financial and accounting officer) 2

View Full Filing

View this 8-K filing on SEC EDGAR