Eric Trump in an interview with PA News Agency, Trump International Golf Link, close to Barmedi in Aberdeenshire.
Jane Barlow – PA Images | PA Images | Getty Images
Dominali Holdings shares were shot on Tuesday, and the holding company announced that President Donald Trump’s sons, Donald Trump Jr. and Eric Trump, have joined the advisory committee.
Stocks surged by 83.9% to a record high before trading around 30% higher. Dominari is involved in asset management, investment banking, sales and trading through its subsidiaries. It is a so-called microcap company with a market capitalization of approximately $51.5 million for each fact set.
Trump Jr. and Eric Trump participated in the company’s recent round of privately owned funding. Dominali announced on Tuesday its $13.5 million registered direct and private property offerings, but its board declared a special cash dividend of $4 million.
Dominali CEO Kyle Wool said his company is looking for investment opportunities, particularly in the artificial intelligence and data center industry.
“AI is moving forward at an unprecedented pace, and could revolutionize the industry and change the way businesses operate,” Trump Jr. said in a statement. “Utilizing this transformative technology is essential to the “America First” agenda. Important capital investments and strategic planning are required. I look forward to contributing to the discussion at Dominari. ”
This is not the first business committee that Trump Jr. has joined since winning his father’s election. In December he was added to the board of PSQ Holdings, the owner of online marketplace Publicsquare. He also joined the committee of rare machinery, a small drone and drone component manufacturer in the United States.
In November, Trump’s eldest son joined venture capital firm 1789 Capital as a partner. The company invests in products and companies aimed at conservatives, including Tucker Carlson’s media companies.
