Dominari Holdings shares rise after Donald Trump Jr. and Eric Trump will become a member of the Advisory Board

Dominari Holdings Shares shot up on Tuesday after the holding had announced that the sons of President Donald Trump – Donald Trump Jr. And Eric Trump – have joined his advisory board.

The share increased no less than 83.9% to a record high before it was traded about 30% higher. Dominari is involved in asset management, investment banking, sales and trade through its subsidiaries. It is a so -called microca company with a market capitalization of around $ 51.5 million, per factset.

Trump Jr. And Eric Trump participated in a recent financing round in the company in the company. Dominari announced a registered direct and private placement offer of $ 13.5 million on Tuesday, while the board also explained a special cash dividend of $ 4 million.

Dominari CEO Kyle Wool said that his company is looking for investment options, especially in the industries for artificial intelligence and data center.

“AI is progressing at an unprecedented pace and has the potential to bring about a revolution in industry and to transform the way companies do business,” said Trump Jr. In a statement. “Use this transformative technology is essential for the ‘America First’ agenda. It will require significant capital investments and strategic planning, and I am looking forward to contributing to those discussions at Dominari.”

This is not the first business administration that Trump Jr. has been affiliated since the election victory of his father. In December he was added to the board of directors PSQ HoldingsThe owner of the Online Marketplace Publicsquare. He also joined the board of Unusual machinesa small US Drone and Drone component maker.

In November, Trump’s eldest son joined venture capital company 1789 Capital as a partner. The company invests in products and companies that are aimed at conservatives and its investments include the media company of Tucker Carlson.