Anthony DiGiandomenico, co-founder and director of MDB Capital Holdings, LLC (NASDAQ:MDBH), recently acquired additional shares of the company's common stock. According to a recent SEC filing, DiGiandomenico purchased 16 shares at a price of $6.25 per share on January 3, 2025, totaling $100. The purchase price represents a slight discount to the current trading price of $6.47. InvestingPro data shows the stock has experienced significant volatility, trading between $5.78 and $13.25 over the past 52 weeks. This transaction increases his direct ownership to 80,709 shares. MDB Capital Holdings, based in Dallas, continues to be a key player in the finance services sector. The company, with a market capitalization of $65.4 million, maintains strong liquidity with a current ratio of 13.42. InvestingPro subscribers can access additional insights, including 3 more exclusive ProTips and comprehensive financial metrics.
In other recent news, MDB Capital Holdings, a finance services firm, has announced the results of its Annual Meeting. The company reported that shareholders elected eight directors to serve until the next annual meeting in 2025. They also cast advisory votes on executive compensation for the fiscal year 2025 and determined the frequency of future advisory votes on executive pay, with a strong preference for every three years.
Furthermore, the advisory resolution on executive compensation for the upcoming fiscal year was approved, with a significant majority of votes in favor. The company also reported that the appointment of RBSM LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2024, was ratified with an overwhelming majority.
These are among the recent developments for MDB Capital Holdings. It's worth noting that these decisions come at a time when the company faces challenges with cash burn and profitability, as indicated by InvestingPro's analysis. However, the company maintains strong liquidity with a current ratio of 13.42.
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