Donald Trump Jr. and Eric Trump secured a multimillion-dollar stake in Dominari Holdings after joining its advisory board in February. Each received 750,000 shares, now worth about $3 million, according to a new SEC filing.
Dominari Securities, part of Dominari Holdings, brokered the deal. Dominari Holdings recently shifted its focus to fintech and digital infrastructure. The company operates out of Trump Tower and trades on the Nasdaq Stock Exchange. Its affiliate companies handle wealth management, investment banking, and asset management.
Notwithstanding this, the advisory board has been considered to be visibly almost non-existent until the Trumps came on board. From mid-2021 to early 2024, no public filings give evidence of it which poses questions as to its actual operations. The Trumps got their first 250,000 shares when they were enlisted.
Trump investment came with warrants
The granting of the 500,000 shares took place after the company had met a market capitalization target. Dominari stated that their stock was at $3.99 on Thursday, which made it possible to calculate that their stakes were worth around $3 million each. The Company’s board may decide to give five hundred fifty thousand additional shares to the Trumps and Ron Lieberman if they meet other performance goals in the future.
This report further showed that just before their appointments, both sons of Donald Trump sunk $1 million each into Dominari Holdings. This investment carried with it over 216,000 shares and warrants to purchase more at attractive rates. That private sale was caught just before Dominari made known their roles led there, timing that drew legal attention.
Experts considered it to be the case of ‘non-insider trading,’ i.e., people did not think that those who had the information acted on it for their gain or advantage; however, this fact made them ponder the fairness to other shareholders. The issue of what exactly the advisory board does remains unclear up to now. According to filings, its functions encompass giving general advice, recommending candidates for election as directors, and considering proposals.
Trump AI push aligns with dominari
The company gave credit to it since their one subsidiary partner got tied up with a bitcoin mining firm. The deal came after they had received their shares. In an annual report, more than 966,000 shares were owned by each Trump son. This makes up 6.6% of the firm.
They must inform the public if they sell their shares since they are major shareholders. So far, none of them has disclosed any sales. Their involvement in the company pushed up Dominari’s trading volume even before the official confirmation. Some experts might view that with suspicion.
Just a few weeks before this, Donald Trump revealed his plans to support US AI infrastructure. At that moment, Dominari rebranded itself in the field of AI and data centers on behalf of the Trumps’ “strategic insight” as part of its transformation.
