Transaction Highlights:
Secured aggregate gross proceeds of up to $50 million from leading institutional investors, consisting of $50 million senior secured convertible note due 2028 to be provided in two tranches of $15 million and $35 million.
New capital to drive growth in Europe and North America, supporting long-term revenue-generating infrastructure
Expansion into full-service provider model, enabling multi-revenue streams including ultra-fast charging, energy trading, and advertising
Exclusive projects secured at over 300 locations across Germany, with international rollout underway
Company expects significant recurring revenue starting late 2025 into 2026
The transaction was fully subscribed, and the subscription period has concluded. The offering closed on May 2, 2025.
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Highlights for the Quarter ended March 31, 2025:
Management and advisory fee revenue of $18.9 million for the quarter ended March 31, 2025, an increase of 58% over the first quarter of 2024
Net income attributable to Horizon Kinetics Holding Corporation of $22.8 million, or $1.23 per common share for the three months ended March 31, 2025
Assets under management (“AUM”) grew to $10.8 billion as of March 31, 2025, an increase of 54% from March 31, 2024 and 10% from December 31, 2024
Board of Directors declares a $0.056 per share dividend
Revenue for the Three Months Ended March 31, 2025 Increased 16%
Income from Operations for the Three Months Ended March 31, 2025 Increased 233%
Net Income for the Three Months Ended March 31, 2025 Increased 51%
Previously Announced Share Repurchase Program for up to $1 Million Continues
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