Siebert Financial Acquires Trading App for $385,000

Siebert Financial (SIEB) has released an update to notify the public and investors about an entry into a material definitive agreement.

Siebert Technologies, LLC, a subsidiary of Siebert Financial Corp., acquired a Mobile Self-Directed Trading App from Guild, a Delaware corporation for $385,000. This amount included $350,000 in common stock, valued using a 30-day historical average, and $35,000 in cash at the time of closing.

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