Wu said that Siebert Financial Corp. (Nasdaq: SIEB) announced that its S-3 shelf registration statement has become effective with the U.S. SEC, allowing it to raise up to $100 million through the sale of various securities. This move will enhance the company's financial flexibility, and the proceeds may be used for potential acquisitions, purchasing digital assets such as Bitcoin, Ethereum, and Solana, as well as investing in technology service lines such as artificial intelligence, including but not limited to AI solutions.