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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 18, 2025
Dominari Holdings Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-41845 | 52-0849320 | ||
|
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
725 5th Avenue, 22nd Floor
New York, NY 10022
(212) 393-4540
(Address, including Zip Code and Telephone Number, including
Area Code, of Principal Executive Offices)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||
| Common Stock, $0.0001 par value | DOMH | The Nasdaq Capital Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
On February 18, 2025, Dominari Holdings Inc. (the “Company”), a Delaware corporation, issued a press release announcing the creation of American Data Centers, Inc. (“ADC”), a strategic venture entered into by the Company, Donald J. Trump, Jr., Eric Trump and other AI industry professionals. ADC is focused on acquiring, building out and transforming data center campuses across the United States to meet the accelerated demand for advanced computing.
A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit | Description | ||
| 99.1 | Press Release, dated February 18, 2025 | ||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
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: February 18, 2025 | DOMINARI HOLDINGS INC. | |
| By: |
/s/ Anthony Hayes |
|
| Name: | Anthony Hayes | |
| Title: | Chief Executive Officer | |
2
Exhibit 99.1
Dominari Announces Strategic Entry into U.S. AI Data Center Market
Special Cash Dividend Determined to be $0.32 per Share.
NEW YORK CITY / ACCESSWIRE / February 18, 2025 / Dominari Holdings Inc. (Nasdaq: DOMH) (the “Company” or “Dominari”) today announced the creation of American Data Centers Inc. (“ADC”). ADC is an independent company, whose members include Dominari, Donald J. Trump Jr., Eric Trump and other industry professionals in the AI space. This new venture is designed to address the growing demand for high-performance computing infrastructure. Dominari currently holds a 32% interest in ADC.
Kyle Wool, President of Dominari Holdings stated, “The demand for cloud computing, AI-driven applications, cryptocurrency mining, and enterprise data storage is expanding at an unprecedented rate. Through this initiative, we aim to build a robust portfolio of cutting-edge, energy-efficient data centers strategically located in key markets across the U.S. Strengthening American AI infrastructure is vital to support the global rise in demand for these technologies. This venture aligns with our broader strategy to invest in high-growth industries and deliver lasting value to our shareholders.”
Eric Trump, a member of the Dominari’s Advisory Board, remarked, “The establishment of ADC is crucial for the development of AI infrastructure in the United States. With the soaring demand for data and an urgent need for scalable and efficient data solutions, ADC is poised to become a leading player in the rapidly advancing AI sector, ensuring that America can rely on homegrown solutions to power its AI backbone.”
On February 11, the Company announced that its board of directors had declared a special cash dividend of $4 million, in the aggregate, to its stockholders of record as of the close of business on February 24, 2025. Following the recent closing of Dominari’s financings, it has been determined that the special cash dividend will be $0.32 per share, approximately $4.6 million in the aggregate, and is expected to be paid on March 3, 2025.
For additional information about Dominari Holdings Inc., please visit: https://www.dominariholdings.com/
About Dominari Holdings Inc.
The Company is a holding company that, through its various subsidiaries, is currently engaged in wealth management, investment banking, sales and trading and asset management. In addition to capital investment, Dominari provides management support to the executive teams of its subsidiaries, helping them to operate efficiently and reduce cost under a streamlined infrastructure. In addition to organic growth, the Company seeks opportunities outside of its current business to enhance stockholder value, including in the AI and Data Center sector.
Forward-Looking Statements:
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements can generally be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “feels,” “seeks,” “forecasts,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could” or “would” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts and include statements regarding Dominari and its subsidiaries’ intentions, beliefs or current expectations concerning, among other things, their results of operations, financial condition, liquidity, prospects, growth, strategies, capital expenditures, their potential entry into the AI and data center sector, and the industries in which they operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Although Dominari has based these forward-looking statements on assumptions that it believes are reasonable when made in light of the information currently available to it, Dominari cautions you that forward-looking statements are not guarantees of future performance and that Dominari’s actual results of operations, financial condition and liquidity, and industry developments may differ materially from statements made in or suggested by the forward-looking statements contained in this release. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law. For additional factors that could cause Dominari’s actual results to differ materially from the forward-looking statements, please refer to our most recent annual report on Form 10-K and quarterly reports on Form 10-Q filed with the SEC.
Contacts:
Dominari Holdings Inc.
https://www.dominariholdings.com/
info@dominarisecurities.com
212-393-4500