Siebert Financial Corp. Enters Loan Agreement
Ticker: SIEB · Form: 8-K · Filed: Dec 19, 2024 · CIK: 65596
| Field | Detail |
|---|---|
| Company | Siebert Financial Corp (SIEB) |
| Form Type | 8-K |
| Filed Date | Dec 19, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $20,000,000, $45,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing, material-definitive-agreement
TL;DR
Siebert Financial Corp. just signed a loan agreement, adding to its debt obligations.
AI Summary
On December 18, 2024, Siebert Financial Corp. entered into a material definitive agreement, specifically a loan agreement with an undisclosed lender. This agreement creates a direct financial obligation for the company, the terms of which are detailed in the filing.
Why It Matters
This filing indicates Siebert Financial Corp. is taking on new debt, which could impact its financial leverage and future operations.
Risk Assessment
Risk Level: medium — Taking on new debt can increase financial risk for a company, depending on the terms and the company's ability to repay.
Key Players & Entities
- Siebert Financial Corp. (company) — Registrant
- December 18, 2024 (date) — Date of earliest event reported
- New York (location) — State of incorporation
- 11-1796714 (other) — IRS Employer Identification Number
- 653 Collins Avenue, Miami Beach, FL 33139 (location) — Address of principal executive
FAQ
What type of material definitive agreement did Siebert Financial Corp. enter into?
Siebert Financial Corp. entered into a loan agreement.
On what date was the earliest event reported in this 8-K filing?
The earliest event reported was on December 18, 2024.
What is Siebert Financial Corp.'s state of incorporation?
Siebert Financial Corp. is incorporated in New York.
What is the IRS Employer Identification Number for Siebert Financial Corp.?
The IRS Employer Identification Number is 11-1796714.
Where is Siebert Financial Corp.'s principal executive office located?
The principal executive office is located at 653 Collins Avenue, Miami Beach, FL 33139.
Filing Stats: 1,044 words · 4 min read · ~3 pages · Grade level 13.3 · Accepted 2024-12-19 15:16:15
Key Financial Figures
- $0.01 — ge on which registered Common Stock - $0.01 par value SIEB The Nasdaq Capital M
- $20,000,000 — or a revolving credit facility of up to $20,000,000. The Company may use any borrowings und
- $45,000,000 — ain minimum total regulatory capital of $45,000,000, excess net capital of 20,000,000, asse
Filing Documents
- ea0225282-8k_siebert.htm (8-K) — 47KB
- ea022528201ex10-47_siebert.htm (EX-10.47) — 484KB
- ea022528201ex10-48_siebert.htm (EX-10.48) — 9KB
- ea022528201ex10-49_siebert.htm (EX-10.49) — 33KB
- 0001213900-24-110524.txt ( ) — 831KB
- sieb-20241218.xsd (EX-101.SCH) — 3KB
- sieb-20241218_lab.xml (EX-101.LAB) — 33KB
- sieb-20241218_pre.xml (EX-101.PRE) — 22KB
- ea0225282-8k_siebert_htm.xml (XML) — 3KB
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: December 19, 2024 SIEBERT FINANCIAL CORP. 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