Dominari Holdings Issues Letter to Shareholders

Rhea-AI Summary

Dominari Holdings (NASDAQ: DOMH) issued a shareholder letter highlighting significant achievements in its investment banking subsidiary, Dominari Securities. The company has raised $287.5 million in capital and executed over 35 transactions in less than three years. Notable accomplishments include leading 19 private placements and IPOs for micro- and small-cap U.S. companies. Key transactions include Unusual Machines' $40 million raise, authID's offerings totaling over $10 million, and involvement in American Bitcoin's formation through merger activities. The company's private transaction portfolio includes investments in prominent companies like SpaceX, Zipline, and Databricks, totaling $124.7 million. Their IPO portfolio shows an impressive average return of 344% from pricing to 52-week highs, with total deal size of $97.3 million. The company's stock price has significantly increased from $1.09 on January 2, 2025, to $5.61 on May 15, 2025.

Positive

• Raised approximately $287.5 million in capital and executed over 35 transactions
• Led more than 19 private placements and IPOs in U.S. markets
• Impressive portfolio of private transactions totaling $124.7 million including major companies like SpaceX
• Strong IPO performance with 344% average return from pricing to 52-week highs
• Significant stock price increase from $1.09 to $5.61 in 4.5 months
• Board of Advisory members have not sold any shares, showing confidence in company

Negative

• Media criticism regarding quality of recent IPO clients
• Company still operates in micro- and small-cap space which can be more volatile
• Relatively young company with less than 3 years of operation history

Insights

Investment Banking Analyst

Dominari showcases strong performance with $287.5M capital raised, 35+ transactions, and 344% average IPO returns, driving 415% stock growth.

Dominari Holdings' shareholder letter reveals impressive operational metrics for its investment banking subsidiary. The firm has raised approximately $287.5 million in capital while executing over 35 transactions across diverse sectors and geographies. Most notably, they've led 19+ private placements and IPOs for micro and small-cap U.S. companies.

The transaction details paint a picture of accelerating deal flow and increasing deal size. Their private transaction portfolio includes investments in high-profile companies like SpaceX ($28.3M), a large U.S. drone company ($15M), and xAI ($6.9M), totaling approximately $124.7M. Their IPO underwriting business has generated an average return of 344% from pricing to 52-week highs across 12 IPOs worth $97.4M.

The company's strategic evolution is evident in their work with American Bitcoin, which began as a wholly-owned subsidiary before expanding through their Advisory Board relationships, eventually leading to a merger with Hut 8 and a planned IPO through Gryphon Digital Mining with potential billion-dollar valuation.

This operational success has translated to significant shareholder value, with the stock price increasing 415% from $1.09 to $5.61 between January and May 2025. The letter also addresses media criticism about their client quality, emphasizing that all offerings undergo FINRA and SEC review and approval.

The company's growth trajectory and diversified transaction portfolio demonstrate successful execution of their investment banking strategy, particularly in serving the micro and small-cap segment of the market.

NEW YORK, June 4, 2025 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) today issued the following letter to shareholders:  

Dear Shareholders,

I am very proud of what Dominari Securities, our wholly owned subsidiary, accomplished in less than three (3) years and wish to take this opportunity to discuss those accomplishments with you. What began as a vision has grown into a dynamic and respected investment bank with a differentiated market position.

Over the past year, we have raised approximately $287.5 million in capital and executed over 35 transactions, across various sectors, geographies, and deal sizes. In total, we have led more than 19 private placements and IPOs in the U.S. markets, helping micro- and small-cap U.S.-based companies bring their growth strategies to life. This proven track record highlights our ability to identify high-quality opportunities, strong deal execution and importantly, the trust we have earned from clients, investors, and partners.

Select Transaction Highlights

Highlights of some of our recent work include:

Unusual Machines, Inc.

Unusual Machines (NYSE American: UMAC) (https://www.unusualmachines.com) is an American company that primarily serves the American drone industry by building and selling drone components. The use of drones is expanding and Dominari is honored to have assisted this great company by completing a private placement for them in October of 2024. Since October, Dominari Securities has had the privilege of working closely with Unusual Machines throughout its capital markets journey—including its successful IPO, a follow-on PIPE transaction, and most recently, the completion of a $40 million capital raise. This long-standing partnership reflects our shared vision for UMAC's growth and our commitment to supporting innovative American companies.

authID

According to the U.S. State Department, in 2020 alone, the FBI estimated more than $4 billion was lost to cybercrime in the United States. (https://www.state.gov/cybercrime) One American company is working hard to prevent this rise in cybercrime and Dominari is proud to support its mission. authID Inc. (NASDAQ: AUID), based here in the U.S., is a leading provider of biometric identity verification and authentication solutions. authID quickly and accurately verifies a user's identity to protect accounts and other digital assets. Dominari continues to support authID in its capital-raising efforts, most recently serving as Co-Placement Agent for the company's $8.15 million registered direct offering. This follows a previously completed $2.1 million offering and reflects Dominari's ongoing commitment to authID's mission. Dominari's management personally participated in both transactions.

American Bitcoin

In addition, our partnership with American Data Centers marked a pivotal step in our strategy to support infrastructure-driven innovation in emerging sectors. American Data Centers started as a wholly owned subsidiary of Dominari Holdings.  We then expanded its shareholder base through our relationships with our Advisory Board, which then resulted in a merger with Hut 8. This evolution led to the formation of American Bitcoin, a natural extension of its capabilities into the rapidly growing digital mining and treasury sector. Recognizing the strategic opportunity in blockchain infrastructure, we played a key role in advising and supporting the company, which ultimately culminated in its announced IPO through a merger with Gryphon Digital Mining. The transaction positions the combined entity to become a leading player in the sustainable bitcoin mining space with a potential billion-dollar valuation for American Bitcoin if the proposed merger with Gryphon is approved.  The transaction exemplifies our ability to identify and guide high-potential companies through transformational growth, from early-stage capital formation to public market readiness.

Deal Snapshot

Overall, deal flow has accelerated at a meaningful pace and graduated to a higher level of larger deals that help grow American companies. We continue to attract mandates from innovative, high-growth companies, often through referrals, which speaks directly to the credibility we have earned, the quality of our work and the potential for continued growth. Below is a snapshot of the private companies we have raised money to invest in, as of May 30, 2025:

Private Transactions

SpaceX	$ 28,260,357.59	ABTC	$ 4,850,000.00
Large US Drone Co.	$ 15,041,535.32	C2 Capital Group	$ 2,545,690.06
Aquyre	$ 11,935,841.77	CentBanx Holdings, Inc.	$ 2,500,000.00
DOGE	$ 11,544,766.12	Groq	$ 2,395,660.00
Cerebras Systems Inc	$ 10,678,075.71	Evtec Aluminium	$ 2,088,000.00
Diasome	$  8,362,143.00	AdvEn Inc	$ 1,570,000.00
Zipline	$  7,098,007.00	Databricks	$ 1,079,970.00
SIM	$  7,015,238.00	Cordio	$  879,993.00
xAI	$  6,895,505.49
		Grand Total	$ 124,740,783.06

Dominari has gained a lot of media attention lately with regards to the companies we have raised money for, both positive and, in my opinion, unjustifiably negative.  I will leave it up to you to decide the caliber of these companies, but I consider the above an impressive list.

In addition, some in the media have unfairly characterized some of our recent initial public offerings to imply a lesser quality of client.  We unequivocally reject these assertions.  We will continue to underwrite and participate in initial public offerings and secondary offerings with high quality micro- and small-cap issuers which have been, and will be, thoroughly reviewed and approved  by both FINRA and the SEC.  The numbers speak volumes to the quality of our issuers and our completed transactions.  Of the list below, we have recognized an average return of approximately 344% from pricing to the IPO's 52 week high.  Our investors, while fundamental in nature, have and will continue to benefit from the performance of our transactions, the potential for dynamic liquidity and returns in our deals.

Issuer	Deal Size
Unusual Machines, Inc.	$5,000,000
Wellchange Holdings Co. Ltd.	$8,000,000
PTL Ltd.	$5,000,000
Jupiter Neurosciences, Inc.	$11,000,000
Leishen Energy Holding Co., Ltd.	$5,500,000
Diginex Ltd.	$9,225,000
Skyline Builders Group Holding Ltd.	$6,000,000
Aureus Greenway Holdings Ltd.	$15,000,000
WF Holding Ltd.	$8,000,000
Top Win International Ltd.	$10,656,000
MasterBeef Group	$8,000,000
Everbright Digital Holding Ltd.	$6,000,000
Grand Total	$  97,381,000.00

The quote 'Whenever something good is trying to happen, something bad is trying to stop it' is a statement about the pervasive nature of conflict and opposition. It suggests that progress and positive outcomes are often met with resistance, and it generally seems applicable considering some recent articles about Dominari.  On January 2, 2025, the Company stock closed at $1.09.  On May 15, 2025, our stock closed at $5.61. What happened in those four and half months?  A lot.  And while the Press Releases, the 10K and 10Q cover all the events since January, the simple answer is 'hard work,' outstanding employees, and our Board of Advisors. The Company's Board of Advisors works very hard to create shareholder value and the proof of that work is a significant increase in the Company's stock price and total Company revenue.  Moreover, as of the release of this letter, no Board of Advisory member has sold a single share of stock.

I am very proud of our Company, our employees, our Board of Directors, our Board of Advisors and all that we have accomplished.  At Dominari, we have cultivated a brand synonymous with visionary thinking, executional excellence, transparency, and reliability. Importantly, we are excited about the road ahead.

Thank you for your continued support.

Kind regards,

Anthony C. Hayes
CEO of Dominari Holdings, Inc.

 

Contacts:

Dominari Holdings Inc.
https://www.dominariholdings.com/

Investor Relations
Hayden IR
Brett Maas, Managing Partner
Phone: (646) 536-7331
Email: brett@haydenir.com
www.haydenir.com 

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SOURCE Dominari Holdings Inc.

FAQ

What is Dominari Holdings' (DOMH) recent performance and achievements?

Dominari Holdings has raised $287.5 million in capital, executed over 35 transactions, and led 19 private placements and IPOs in less than three years. Their stock price rose from $1.09 to $5.61 between January and May 2025.

What major deals has Dominari Securities completed recently?

Notable deals include Unusual Machines' $40 million capital raise, authID's $8.15 million registered direct offering, and involvement in American Bitcoin's formation and planned merger with Gryphon Digital Mining.

What is the total value of Dominari Holdings' private transactions portfolio?

Dominari's private transactions portfolio totals $124.7 million, including investments in companies like SpaceX ($28.2M), Large US Drone Co. ($15M), and various other technology and infrastructure companies.

How have Dominari Holdings' IPO investments performed?

Dominari's IPO portfolio, totaling $97.3 million across 12 companies, has achieved an average return of approximately 344% from pricing to the IPOs' 52-week highs.

Who are some of Dominari Holdings' notable investment clients?

Notable clients include Unusual Machines (NYSE: UMAC), authID (NASDAQ: AUID), American Bitcoin, SpaceX, Zipline, and Databricks, among others.