Anthony Digiandomenico, Co-Founder of MDB Capital Holdings, LLC (NASDAQ:MDBH), has increased his stake in the company through a series of stock purchases. According to the recent SEC filing, Digiandomenico acquired a total of 3,693 shares of common stock over three consecutive days, from December 17 to December 19, 2024. The shares were purchased at prices ranging from $6.20 to $6.24 per share, amounting to a total investment of $22,953. The purchases come as MDBH trades near its 52-week low of $5.78, with the stock down over 46% year-to-date according to InvestingPro data.
Following these transactions, Digiandomenico's direct ownership in MDB Capital Holdings now stands at 80,338 shares. With a market capitalization of $61.8 million and a strong current ratio of 13.42, InvestingPro data shows the company maintains solid liquidity despite recent market challenges. The purchases reflect his continued confidence in the company's prospects as he maintains significant roles as a director, officer, and ten percent owner.
In other recent news, MDB Capital Holdings, a finance services firm, has announced the outcomes of its Annual Meeting. The company reported that shareholders elected eight directors to serve until their next annual meeting in 2025. In addition, advisory votes were cast on executive compensation for fiscal year 2025, with a majority of 25,595,078 votes in favor. The frequency of future advisory votes on executive pay was also determined, with a strong preference for every three years.
MDB Capital Holdings also confirmed that RBSM LLP was ratified as the company's independent registered public accounting firm for the fiscal year ending December 31, 2024, with a substantial majority of 27,078,560 votes for. These are the recent developments in the company. Despite facing challenges with cash burn and profitability, as noted by InvestingPro, the company maintains a strong liquidity with a current ratio of 13.42. However, future expectations for the company, as provided by analysts, should be taken into account for a balanced perspective.
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