Horizon Kinetics Completes Reverse Split, Trades Temporarily as SLGDD

New York, NY – August 5, 2024 – Horizon Kinetics Holding Corporation has announced the completion of a reverse stock split, converting its common stock at a ratio of 1-for-20. The company's shares are now trading under the temporary ticker symbol "SLGDD" for approximately 20 days. As a result, shareholders' accounts now reflect a reduction by 1/20th, trading under CUSIP 439913104.

Approximately 18 million shares were issued to Horizon Kinetics members as part of the merger, although these are not yet eligible for trading. Legacy shareholders now own about 3.5% of the combined company, post-reverse split. The merger consideration was based on Horizon Kinetics’ AUM of around $7.9 billion and net tangible assets of approximately $250 million, as defined in the merger agreement.

Investors are advised that this press release contains forward-looking statements regarding anticipated dates and strategies. Risks and uncertainties may cause actual results to vary. For more information, refer to the company's SEC filings.