In a recent transaction reported to the Securities and Exchange Commission, Anthony Digiandomenico, co-founder and director of MDB (NASDAQ:MDB) Capital Holdings, LLC (NASDAQ:MDBH), a company with a market capitalization of $63 million, acquired 355 shares of the company's common stock. The shares were purchased on December 20, 2024, at an average price of $6.25 per share, totaling approximately $2,218. This purchase was executed in multiple transactions, with the prices ranging from $6.21 to $6.25 per share. According to InvestingPro, the stock has experienced significant volatility, trading between $5.78 and $13.25 over the past 52 weeks, with a year-to-date decline of 43%. Following this acquisition, Digiandomenico holds 80,693 shares directly. The transaction highlights insider activity within MDB Capital Holdings, offering insights into the confidence levels of its leadership. InvestingPro analysis reveals the company maintains strong liquidity with a current ratio of 13.42, though it faces profitability challenges. Get access to additional valuable insights and 5 more ProTips with an InvestingPro subscription.
In other recent news, MDB Capital Holdings, a finance services firm, has made several significant decisions in its recent Annual Meeting. The company announced the election of eight directors who will serve until the next annual meeting in 2025. In addition, shareholders cast advisory votes on executive compensation for the fiscal year 2025 and determined the frequency of future advisory votes on executive pay.
The advisory resolution on executive compensation for the upcoming fiscal year was approved, with 25,595,078 votes for, 101,568 against, and 26,585 abstaining. Shareholders also advised on the frequency of future votes on executive compensation, with a strong preference for every three years, receiving 25,209,730 votes, compared to 346,073 for annual and 19,124 for biennial votes.
Furthermore, 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 of 27,078,560 votes for, 901 against, and 6,956 abstentions. These developments are part of the company's recent efforts to maintain transparency and accountability in its operations.
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