Summary of Dominari Holdings Inc.

Business Overview

• Type of Company: Holding company with subsidiaries engaged in wealth management, investment banking, securities sales and trading, and asset management.
• Core Focus: Transitioned from biotechnology (wind-down of biotech assets) to financial services, including fintech and asset management sectors.

Subsidiaries

• Dominari Financial Inc.
  • Provides financial services such as wealth management, investment advisory, securities sales, and trading.
  • Manages third-party financial assets including registered investment advisors, broker-dealers, asset management, fintech firms, and insurance brokers.
  • Acquired and operates:
    • Dominari Securities LLC: A registered broker-dealer and investment adviser registered with FINRA and SEC.
    • Dominari Private Advisory: Future plans for wealth and asset management services.
    • Dominari Asset Management: Manages investments, including private equity and alternative investments.

Key Operations

• Wealth Management

  • Serves high-net-worth individuals, families, corporate executives, and businesses.
  • Offers full-service brokerage covering equities, bonds, municipal bonds, mutual funds, ETFs, options, and trust/fiduciary services.
  • Provides financial and wealth planning (asset management, retirement solutions, insurance products).

• Investment Banking

  • Provides strategic advisory services and capital market solutions:
    • Mergers, acquisitions, divestitures, restructurings, privatizations.
    • Capital raising via IPOs, follow-on offerings, private placements.
  • Focus sectors: consumer, retail, energy, financials, healthcare, technology, education, logistics.
  • Plans for debt capital markets and private equity via SPVs.

• Sales & Trading

  • Institutional sales and trading for equities, fixed income, derivatives, and securities lending.
  • Offers strategies in equity derivatives, options, and debt securities, including distressed and convertible debt.

• Asset Management

  • Discretionary and non-discretionary management.
  • Strategies include managed accounts, mutual funds, private equity, hedge funds, co-investments.
  • Manages assets in various fund formats, including private market platforms.

• Insurance & Heritage Strategies

  • Co-managed insurance products (life, private placement, business insurance, estate planning) via DFHS.
  • Revenue-sharing from insurance sales; distribution of insurance products and services.

• Private Equity & Investments

  • Investment in private companies and funds, including SPVs.
  • Notable investments include interest in high-tech, AI, space, automotive, and technology companies.
  • The investment portfolio includes holdings in companies like SpaceX, Epic Games, SpaceX, Databricks, and others.
  • Investments are held in private and public markets, with valuation based on recent transactions, observable market data, and estimates.

• Recent Developments (2025)

  • Raised approximately $13.5 million in February 2025 through securities offerings.
  • Began investing in Bitcoin ETFs, holding around $2 million in Blackrock’s iShares Bitcoin Trust.
  • Created strategic ventures like American Data Centers and American Bitcoin Corp., with minority stakes and operational management agreements.
  • Entered into advisory agreements, paid issuance of securities to new advisors.

Employees & Customers

• Employees: 29 full-time employees (as of December 31, 2024), no unionized workforce.
• Customers:
  • Serves high-net-worth individuals, families, corporate clients, and institutional investors.
  • No specific customer count provided; the focus is on high-net-worth and institutional clients.

Revenue & Financials (2024)

• Total Revenue: ~$18.1 million (up from ~$2.0 million in 2023).
  • Main revenue sources include:
    • Underwriting services: $11.36 million
    • Commissions: $6.07 million
    • Account advisory/management: $0.41 million
    • Other revenue (e.g., insurance, miscellaneous): $0.31 million
• Net Loss (2024): approximately $14.7 million (improved from ~$22.9 million in 2023).
• Assets (as of December 31, 2024)
  • Total assets: ~$47.1 million.
  • Cash & equivalents: ~$4 million.
  • Marketable securities: ~$5.8 million.
  • Notes receivable (current and non-current): ~$4 million.
  • Long-term investments: ~$12.3 million.
• Liabilities: ~$7.3 million, mainly current liabilities.
• Stockholders’ Equity: ~$39.9 million.

Summary

• Dominari is a financial services holding company focusing on wealth management, investment banking, securities trading, and private equity.
• It has a small employee base of 29 employees and serves high-net-worth and institutional clients.
• The company’s revenue has grown significantly in 2024 primarily through securities underwriting and commissions.
• It also invests in private and public high-tech companies, including space, AI, and technology sectors.
• The company actively engaged in recent fundraising and strategic ventures related to Bitcoin and data centers.