Scottâ€
As consideration for the ownership interests of Horizon Kinetics, Scottâ€
Dan Roller, Founder of Maran Capital Management, LLC, and Chairman of the Board of Scottâ€
Murray Stahl, Co-Founder and Chief Executive Officer of Horizon Kinetics, stated, “We are pleased to be working with the Scottâ€
The transaction is expected to close in the second quarter of 2024, subject to standard closing conditions. Horizon Kinetics is seeking approval of the transaction from all of its members, and Scottâ€
The Company expects to file with the SEC a proxy statement containing full details of the proposed transaction, which will be delivered to the Companyâ€
No Offer to Sell
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
Certain Information Regarding Participants
Scottâ€
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including statements regarding the merger with Horizon Kinetics, including the expected closing, the size and financial health of the combined company, the number of shares issuable in the merger and the percentage of the combined company expected to be owned by Scottâ€
Important factors that could cause actual results to differ from those in the forward-looking statements include: the possibility that the merger does not close, including due to failure to satisfy closing conditions, including the failure of the parties to obtain required approvals in connection with the merger, or does not close within the expected timeframe; the possibility that anticipated benefits from the merger will not be realized, or will not be realized within the expected time period; and disruption from the merger making it more difficult to maintain business and operational relationships; among other risks.
Further information on risks we face is contained in our filings with the SEC, including our Form 10-K for the fiscal year ended December 31, 2022 and our Forms 10-Q for the fiscal quarters ended March 31, June 30 and September 30, 2023, and will be contained in our SEC filings in connection with the merger. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
About Horizon Kinetics LLC
Horizon Kinetics LLC, through its subsidiary investment manager, Horizon Kinetics Asset Management LLC, is an investment advisory firm with approximately $6.6 billion assets under management as of November 30, 2023. Horizon Kinetics provides independent proprietary research and investment advisory services for long-only and alternative value-based investing strategies. The firm has offices in New York City, White Plains, New York, and Summit, New Jersey. For more information, please visit http://www.horizonkinetics.com .
About Scottâ€
Scottâ€
View source version on businesswire.com: https://www.businesswire.com/news/home/20231224412067/en/
Investor Relations Contact:
David Arndt
Chief Financial Officer
303.576.6027
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