Don Jr. and Eric now hold 1,182,276 shares ins Dominari Holdings, up from 966,138. Both boys are Dominari Advisory Board members and major investors. They converted recently discounted warrants to increase their share totals.
Dominari SEC filings show:
Holders were offered options to either (A) exercise for cash their Existing Warrants at a reduced exercise price of $2.50 per share (“Option A”) or (B) exchange all, but not less than all, of such Holder’s unexercised Existing Warrants for shares of Common Stock at an exchange ratio of 10:3, such that for every ten shares of Common Stock underlying the exchanged Series B Warrants, the Company would issue three shares of Common Stock (the “Exchange Shares”) for no additional consideration (“Option B”).
The warrants had an original exercise price of $4.22 per share when originally issued.
The deals keep getting sweeter for the Trump boys.
Politicians Red & Blue love PEU (private equity underwriters) and their new TechGod/CryptoBro brethren. Increasingly, more are one and their sons shall be far richer than their fathers.
