8-K
Horizon Kinetics Holding Corp (HKHC)
UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
| Date of Report (Date of earliest event reported): May 14, 2025 |
|---|
HORIZON KINETICS HOLDING CORPORATION
(Exact name of Registrant as Specified in Its Charter)
| Delaware | 001-13458 | 84-0920811 |
|---|---|---|
| (State or Other Jurisdiction<br>of Incorporation) | (Commission File Number) | (IRS Employer<br>Identification No.) |
| 470 Park Ave S. | ||
| New York, New York | 10016 | |
| (Address of Principal Executive Offices) | (Zip Code) | |
| Registrant’s Telephone Number, Including Area Code: (646) 291-2300 | ||
| --- |
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading<br>Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| None | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On May 14, 2025, Horizon Kinetics Holding Corporation (the “Company”) issued a press release setting forth the Company’s financial information for the three months ended March 31, 2025. A copy of the Company’s press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference.
This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit | Description |
|---|---|
| 99.1 | Press release dated May 14, 2025 |
| 104 | Cover page interactive data file (embedded within the inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| HORIZON KINETICS HOLDING CORPORATION | ||
|---|---|---|
| Date: | May 14, 2025 | /s/ Jay Kesslen |
| Jay Kesslen<br>General Counsel |
EX-99.1
EXHIBIT 99.1
HORIZON KINETICS HOLDING CORPORATION REPORTS FIRST QUARTER RESULTS
Highlights for the Quarter ended March 31, 2025:
- Management and advisory fee revenue of $18.9 million for the quarter ended March 31, 2025, an increase of 58% over the first quarter of 2024
- Net income attributable to Horizon Kinetics Holding Corporation of $22.8 million, or $1.23 per common share for the three months ended March 31, 2025
- Assets under management (“AUM”) grew to $10.8 billion as of March 31, 2025, an increase of 54% from March 31, 2024 and 10% from December 31, 2024
- Board of Directors declares a $0.056 per share dividend
New York, NY – May 14, 2025
Horizon Kinetics Holding Corporation (the “Company” or “HKHC”) (OTCM Pink: HKHC) reported financial results for its first quarter of 2025.
The Company's management and advisory fee revenue grew during the quarter resulting from increases in AUM in its separately managed accounts, ETFs, mutual funds and proprietary funds. The increases in AUM across many of these platforms were largely driven by the increase in the market value of Texas Pacific Land Corporation (“TPL”), which increased 20% during the quarter, and was partially offset by Grayscale Bitcoin Trust (“GBTC”), which decreased 10% during the quarter. The Company has also experienced net cash inflows into the various products and strategies and has increased its customer accounts during the quarter.
The Company’s revenue increases were predominantly offset by a variety of higher operating expenses, including higher commissions and higher distribution costs, which are premised on the higher revenues and AUM of the Company. Also, as a result of the August 2024 merger with Scott's Liquid Gold Inc., the first quarter included $1.2 million of various operating expenses with no comparable amounts in the first quarter of 2024.
The Company, and our clients, benefited from $73.2 million of investment income held within the Company's consolidated investment products. Our client's interests in these amounts are reflected in the redeemable noncontrolling interests, which were $59.0 million for the three months ended March 31, 2025.
The Company also benefited from gains of $19.0 million for the three months ended March 31, 2025 from its investment and equity interest holdings. These gains were partially offset by the unrealized losses of $6.0 million for the three months ended March 31, 2025 from its digital asset holdings.
The Company collected the $51.7 million of incentive fees recorded during the fourth quarter of 2024 partially in cash and partially through the transfer of securities. Approximately $16 million of the transferred securities were used to make an additional equity investment of $11.0 million in Horizon Kinetics Hard Assets, LLC, an other investment, and to reduce amounts payable to FRMO, a related party, resulting from multiple quarters in arrears pursuant to its 4.2% revenue share agreement.
On May 13, 2025, the Company's Board of Directors declared a cash dividend of $0.056 per share, payable on June 16, 2025, to shareholders of record as of the close of business on May 26, 2025.
Conference Call
Murray Stahl, Chairman and Chief Executive Officer, and Mark Herndon, Chief Financial Officer, will host a conference call on Tuesday, May 20, 2025 at 4:15 pm EDT. You may register for the conference call by clicking on the following link: https://attendee.gotowebinar.com/register/3119751441411856480
HORIZON KINETICS HOLDING CORPORATION
Consolidated Statements of Operations
(in thousands)
| Three Months Ended March 31, | ||||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| As Restated | ||||||
| Revenue: | ||||||
| Management and advisory fees | $ | 18,908 | $ | 11,992 | ||
| Other income and fees | 893 | 139 | ||||
| Total revenue | 19,801 | 12,131 | ||||
| Operating expenses: | ||||||
| Compensation, related employee benefits, and cost of goods sold | 9,567 | 6,346 | ||||
| Sales, distribution and marketing | 4,457 | 2,190 | ||||
| Depreciation and amortization | 499 | 460 | ||||
| General and administrative expenses | 2,878 | 2,642 | ||||
| Expenses of consolidated investment products | 1,095 | 564 | ||||
| Total operating expenses | 18,496 | 12,202 | ||||
| Operating income (loss) | 1,305 | (71 | ) | |||
| Other income (expense): | ||||||
| Equity earnings, net | 3,051 | 520 | ||||
| Interest and dividends | 491 | 189 | ||||
| Other income (expense) | (51 | ) | (127 | ) | ||
| Investment and other income (losses) of consolidated investment products, net | 70,267 | 271,900 | ||||
| Interest and dividend income of consolidated investment products | 2,904 | 3,825 | ||||
| Unrealized (loss) gain on digital assets, net | (1,779 | ) | 4,183 | |||
| Realized gain on investments, net | 2,199 | 192 | ||||
| Unrealized gain (loss) on investments net | 13,734 | 4,679 | ||||
| Total other income (expense), net | 90,816 | 285,361 | ||||
| Income (loss) before provision for income taxes | 92,121 | 285,290 | ||||
| Income tax (expense) benefit | (10,284 | ) | (1,244 | ) | ||
| Net income | $ | 81,837 | $ | 284,046 | ||
| Less: net income attributable to redeemable noncontrolling interests | (58,996 | ) | (243,205 | ) | ||
| Net income attributable to Horizon Kinetics Holding Corporation | $ | 22,841 | $ | 40,841 | ||
| Basic and diluted net income per common shares: | ||||||
| Net income | $ | 1.23 | $ | 2.27 | ||
| Weighted average shares outstanding: | ||||||
| Basic and diluted | 18,635 | 17,984 |
HORIZON KINETICS HOLDING CORPORATION
Consolidated Statements of Financial Condition
(in thousands)
| December 31, | |||
|---|---|---|---|
| 2024 | |||
| Assets | |||
| Cash and cash equivalents | 34,872 | $ | 14,446 |
| Fees receivable, net | 7,513 | 8,670 | |
| Investments, at fair value | 105,342 | 91,435 | |
| Assets of consolidated investment products | |||
| Cash and cash equivalents | 29,531 | 44,306 | |
| Investments, at fair value | 1,746,863 | 1,746,850 | |
| Other assets | 33,399 | 19,247 | |
| Other investments | 28,276 | 13,443 | |
| Operating lease right-of-use assets | 4,612 | 5,105 | |
| Property and equipment, net | 88 | 99 | |
| Prepaid expenses and other assets | 2,212 | 2,352 | |
| Due from affiliates | - | 27 | |
| Digital assets | 11,474 | 13,240 | |
| Intangible assets, net | 44,042 | 44,531 | |
| Goodwill | 24,425 | 24,425 | |
| Total assets | 2,072,649 | $ | 2,028,176 |
| Liabilities, Noncontrolling Interests, and Shareholders’ Equity | |||
| Liabilities: | |||
| Accounts payable, accrued expenses and other | 15,248 | $ | 22,011 |
| Accrued third party distribution expenses | 690 | 6,522 | |
| Deferred revenue | 237 | 222 | |
| Liabilities of consolidated investment products | |||
| Accounts payable and accrued expenses | 10,924 | 1,486 | |
| Other liabilities | 3,606 | 2,793 | |
| Deferred tax liability, net | 99,083 | 95,683 | |
| Due to affiliates | 7,870 | 11,597 | |
| Operating lease liability | 6,748 | 7,379 | |
| Total liabilities | 144,406 | 147,693 | |
| Commitments and contingencies (Note 11) | |||
| Redeemable noncontrolling interests | 1,567,225 | 1,540,312 | |
| Shareholders' equity | |||
| Preferred stock, no par value, authorized 20,000 shares; no shares issued and outstanding | - | - | |
| Common stock; 0.10 par value, authorized 50,000 shares; issued and outstanding 18,635 shares, net of treasury stock; 1 share at March 31, 2025 and December 31, 2024, respectively | 1,864 | 1,864 | |
| Additional paid-in capital | 39,243 | 39,243 | |
| Retained earnings | 319,911 | 299,064 | |
| Total shareholders’ equity | 361,018 | 340,171 | |
| Total liabilities, noncontrolling interests, and shareholders’ equity | 2,072,649 | $ | 2,028,176 |
All values are in US Dollars.
Additional Information about our performance
The Company consolidates certain proprietary funds in order for the consolidated financial statements to conform with generally accepted accounting principles. As a result, the assets and liabilities of the applicable consolidated funds is presented on the Company’s consolidated statements of financial condition. Additionally, an amount that represents the Company’s clients’ interests in these consolidated proprietary funds will be presented as redeemable noncontrolling interests on the Company’s consolidated statements of financial condition. The investment income (losses), other income (losses) and the expenses of the consolidated investment products will be presented within the Company’s consolidated statements of operations. Additionally, an amount that represents the net income attributable to redeemable noncontrolling interests as well as the net income (loss) attributable to Horizon Kinetics Holding Corporation will be presented on the Company’s consolidated statement of operations.
Consolidated Investment Products (“CIPs”) consist of certain private proprietary investment funds which are sponsored by the Company. The Company has no right to the CIPs’ assets, other than its direct equity investments in them and investment management and other fees earned from them. The liabilities of the CIPs have no recourse to the Company’s assets beyond the level of its direct investment, therefore the Company bears no other risks associated with the CIPs’ liabilities.
As indicated in the additional information presented in the tables below there are several notable presentational differences as a result of the consolidation of the CIPs:
Management and advisory fees, including incentive fees, from CIPs are eliminated from consolidated revenues. Accordingly, our presentation without the CIPs reflects an increased revenue growth to $21.1 million, a 52% increase from the first quarter of 2024.
The equity in earnings of proprietary funds which results primarily from CIPs are eliminated from the consolidated presentation as that activity is included within the investment results of the CIPs. Accordingly, our presentation without the CIPs reflects an increased level of equity earnings that presents an increase in the value of our holdings within the CIPs.
Stockholders’ equity and net income attributable to Horizon Kinetics Holding Corporation are not impacted by the consolidation process.
The Statement of Financial Condition without the consolidation of proprietary funds presents lower total assets as a result of excluding the total assets held by the CIPs as well as the associated redeemable noncontrolling interests, which represents our clients’ interests in these funds. A portion of the total assets held by proprietary funds continues to relate to economic interests held by Horizon Kinetics Holding Corporation, which is reflected in Other Investments in the presentation below, which increased $25.6 million during the first quarter of 2025 due to our additional investment of $11.0 million to Horizon Kinetics Hard Assets, LLC as well as the performance of the CIPs.
HORIZON KINETICS HOLDING CORPORATION
Statements of Operations (Unaudited)
(in thousands)
| (without consolidation of proprietary funds) | ||||||
|---|---|---|---|---|---|---|
| For the Three Months Ended March 31, | ||||||
| 2025 | 2024 | |||||
| Revenue: | ||||||
| Management and advisory fees | $ | 21,145 | $ | 13,916 | ||
| Other income and fees | 893 | 139 | ||||
| Total revenue | 22,038 | 14,055 | ||||
| Operating expenses: | ||||||
| Compensation, related employee benefits, and cost of goods sold | 9,567 | 6,346 | ||||
| Sales, distribution and marketing | 4,457 | 2,190 | ||||
| Depreciation and amortization | 499 | 460 | ||||
| General and administrative expenses | 2,914 | 2,660 | ||||
| Expenses of consolidated investment products | - | - | ||||
| Total operating expenses | 17,437 | 11,656 | ||||
| Operating income | 4,601 | 2,399 | ||||
| Other income (expense): | ||||||
| Equity in earnings of proprietary funds, net | 13,930 | 30,570 | ||||
| Interest and dividends | 491 | 189 | ||||
| Other income (expense) | (51 | ) | (127 | ) | ||
| Investment and other income (losses) of consolidated investment products, net | - | - | ||||
| Interest and dividend income of consolidated investment products | - | - | ||||
| Unrealized (loss) gain on digital assets, net | (1,779 | ) | 4,183 | |||
| Realized gain on investments, net | 2,199 | 192 | ||||
| Unrealized gain (loss) on investments net | 13,734 | 4,679 | ||||
| Total other income (expense), net | 28,524 | 39,686 | ||||
| Income before provision for income taxes | 33,125 | 42,085 | ||||
| Income tax (expense) benefit | (10,284 | ) | (1,244 | ) | ||
| Net income | $ | 22,841 | $ | 40,841 | ||
| Less: net income attributable to redeemable noncontrolling interests | - | - | ||||
| Net income Attributable to Horizon Kinetics Holding Corporation | $ | 22,841 | $ | 40,841 | ||
| Basic and diluted net income per common shares: | ||||||
| Net income | $ | 1.23 | $ | 2.27 | ||
| Weighted average shares outstanding: | ||||||
| Basic and diluted | 18,635 | 17,984 |
| Three months ended March 31, 2025 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Consolidated Company Entities | Consolidated Investment Products | Eliminations | Consolidated | |||||||||
| Revenue: | ||||||||||||
| Management and advisory fees | $ | 21,145 | $ | - | $ | (2,237 | ) | $ | 18,908 | |||
| Other income and fees | 893 | - | - | 893 | ||||||||
| Total revenue | 22,038 | - | (2,237 | ) | 19,801 | |||||||
| Operating expenses: | ||||||||||||
| Compensation, related employee benefits, and cost of goods sold | 9,567 | - | - | 9,567 | ||||||||
| Sales, distribution and marketing | 4,457 | - | - | 4,457 | ||||||||
| Depreciation and amortization | 499 | - | - | 499 | ||||||||
| General and administrative expenses | 2,914 | - | (36 | ) | 2,878 | |||||||
| Expenses of consolidated investment products | - | 1,059 | 36 | 1,095 | ||||||||
| Total operating expenses | 17,437 | 1,059 | - | 18,496 | ||||||||
| Operating income | 4,601 | (1,059 | ) | (2,237 | ) | 1,305 | ||||||
| Other income (expense): | ||||||||||||
| Equity in earnings of proprietary funds, net | 13,930 | - | (10,879 | ) | 3,051 | |||||||
| Interest and dividends | 491 | - | - | 491 | ||||||||
| Other income (expense) | (51 | ) | - | - | (51 | ) | ||||||
| Investment and other income (losses) of consolidated investment products, net | - | 70,267 | - | 70,267 | ||||||||
| Interest and dividend income of consolidated investment products | - | 2,904 | - | 2,904 | ||||||||
| Unrealized (loss) gain on digital assets, net | (1,779 | ) | - | - | (1,779 | ) | ||||||
| Realized gain on investments, net | 2,199 | - | - | 2,199 | ||||||||
| Unrealized gain (loss) on investments net | 13,734 | - | - | 13,734 | ||||||||
| Total other income (expense), net | 28,524 | 73,171 | (10,879 | ) | 90,816 | |||||||
| Income (loss) before provision for income taxes | 33,125 | 72,112 | (13,116 | ) | 92,121 | |||||||
| Income tax (expense) benefit | (10,284 | ) | - | - | (10,284 | ) | ||||||
| Net income (loss) | $ | 22,841 | $ | 72,112 | $ | (13,116 | ) | $ | 81,837 | |||
| Less: net income attributable to redeemable noncontrolling interests | - | (61,154 | ) | 2,158 | (58,996 | ) | ||||||
| Net income (loss) attributable to Horizon Kinetics Holding Corporation | $ | 22,841 | $ | 10,958 | $ | (10,958 | ) | $ | 22,841 |
HORIZON KINETICS HOLDING CORPORATION
Statements of Financial Condition (Unaudited)
(in thousands)
| December 31, | |||
| 2024 | |||
| Assets | |||
| Cash and cash equivalents | 34,872 | $ | 14,446 |
| Fees receivable | 9,320 | 59,047 | |
| Investments, at fair value | 105,342 | 91,435 | |
| Assets of consolidated investment products | |||
| Cash and cash equivalents | - | - | |
| Investments, at fair value | - | - | |
| Other assets | - | - | |
| Other Investments | 254,500 | 228,870 | |
| Operating lease right-of-use assets | 4,612 | 5,105 | |
| Property and equipment, net | 88 | 99 | |
| Prepaid expenses and other assets | 2,212 | 2,353 | |
| Due from affiliates | 7 | 34 | |
| Digital assets | 11,474 | 13,240 | |
| Intangible assets, net | 44,042 | 44,531 | |
| Goodwill | 24,425 | 24,425 | |
| Total Assets | 490,894 | $ | 483,585 |
| Liabilities, Noncontrolling Interests, and Shareholders’ Equity | |||
| Liabilities: | |||
| Accounts payable, accrued expenses and other | 15,248 | $ | 22,011 |
| Accrued third party distribution expenses | 690 | 6,522 | |
| Deferred revenue | 237 | 222 | |
| Liabilities of consolidated investment products | |||
| Accounts payable and accrued expenses | - | - | |
| Other liabilities | - | - | |
| Deferred tax liability, net | 99,083 | 95,683 | |
| Due to affiliates | 7,870 | 11,597 | |
| Operating lease liability | 6,748 | 7,379 | |
| Total Liabilities | 129,876 | 143,414 | |
| Commitments and contingencies | |||
| Redeemable Noncontrolling Interests | - | - | |
| Shareholders' Equity | |||
| Preferred stock, no par value, authorized 20,000 shares; no shares issued and outstanding | - | - | |
| Common stock; 0.10 par value, authorized 50,000 shares; issued and outstanding 18,635 shares, net of treasury stock; 1 share at March 31, 2025 and December 31, 2024, respectively | 1,864 | 1,864 | |
| Additional paid-in capital | 39,243 | 39,243 | |
| Retained earnings | 319,911 | 299,064 | |
| Total Shareholders’ Equity | 361,018 | 340,171 | |
| Total Liabilities, Noncontrolling Interests, and Shareholders’ Equity | 490,894 | $ | 483,585 |
All values are in US Dollars.
| March 31, 2025 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Consolidated Company Entities | Consolidated Investment Products | Eliminations | Consolidated | ||||||
| Assets | |||||||||
| Cash and cash equivalents | $ | 34,872 | $ | - | $ | - | $ | 34,872 | |
| Fees receivable | 9,320 | - | (1,807 | ) | 7,513 | ||||
| Investments, at fair value | 105,342 | - | - | 105,342 | |||||
| Assets of consolidated investment products | - | - | - | ||||||
| Cash and cash equivalents | - | 29,531 | - | 29,531 | |||||
| Investments, at fair value | - | 1,746,863 | - | 1,746,863 | |||||
| Other assets | - | 33,399 | - | 33,399 | |||||
| Other investments | 254,500 | - | (226,224 | ) | 28,276 | ||||
| Digital assets | 11,474 | - | - | 11,474 | |||||
| Intangible assets, net | 44,042 | - | - | 44,042 | |||||
| Goodwill | 24,425 | - | - | 24,425 | |||||
| Other assets | 6,919 | - | (7 | ) | 6,912 | ||||
| Total assets | $ | 490,894 | $ | 1,809,793 | $ | (228,038 | ) | $ | 2,072,649 |
| Liabilities, Noncontrolling Interests, and Shareholders’ Equity | |||||||||
| Liabilities: | |||||||||
| Accounts payable, accrued expenses and other | $ | 15,248 | $ | - | $ | - | $ | 15,248 | |
| Accrued third party distribution expenses | 690 | - | - | 690 | |||||
| Deferred revenue | 237 | - | - | 237 | |||||
| Liabilities of consolidated investment products | - | - | - | ||||||
| Accounts payable and accrued expenses | - | 12,737 | (1,813 | ) | 10,924 | ||||
| Due to affiliates | - | - | - | - | |||||
| Other liabilities | - | 3,606 | - | 3,606 | |||||
| Deferred tax liability, net | 99,083 | - | - | 99,083 | |||||
| Due to affiliates | 7,870 | - | - | 7,870 | |||||
| Operating lease liability | 6,748 | - | - | 6,748 | |||||
| Total liabilities | 129,876 | 16,343 | (1,813 | ) | 144,406 | ||||
| Commitments and contingencies | |||||||||
| Redeemable noncontrolling interests | 1,606,801 | (39,576 | ) | 1,567,225 | |||||
| Equity interests | 361,018 | 186,649 | (186,649 | ) | 361,018 | ||||
| Total liabilities, noncontrolling interests, and shareholders’ equity | $ | 490,894 | $ | 1,809,793 | $ | (228,038 | ) | $ | 2,072,649 |
Non-GAAP Measures
In discussing financial results, the Company presented tables without the consolidation of certain proprietary funds which is not in accordance with Generally Accepted Accounting Principles (GAAP). We use this non-GAAP financial measure internally to make operating and strategic decisions, including evaluating our overall performance and as a factor in determining compensation for certain employees. We believe presenting this non-GAAP financial measure provides additional information to facilitate comparison of our historical operating costs and their trends, and provides additional transparency on how we evaluate our financial condition and results of operations. We also believe presenting this measure allows investors to view our financial condition and results of operations using the same measure that we use in evaluating our performance and trends.
Note Regarding Forward-Looking Statements
This news release may contain "forward-looking statements" within the meaning of the federal securities laws that are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" generally can be identified by the use of forward-looking terminology such as "assumptions," "target," "guidance," “strategy,” "outlook," "plans," "projection," "may," "will," "would," "expect," "intend," "estimate," "anticipate," "believe”, "potential," or "continue" (or the negative or other derivatives of each of these terms) or similar terminology.
Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and the Company's subsequent Quarterly Reports on Form 10-Q and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent filings with the Securities and Exchange Commission.
About Horizon Kinetics Holding Corporation
Horizon Kinetics Holding Corporation (OTCM Pink: HKHC) primarily offers investment advisory services through its subsidiary Horizon Kinetics Asset Management LLC (“HKAM”), a registered investment adviser. HKAM provides independent proprietary research and investment advisory services for mainly long-only and alternative value-based investing strategies. The firm also obtained a portfolio of consumer products, which are marketed and distributed in the retail marketplace, as a result of its August 2024 merger with Scott’s Liquid Gold-Inc. The firm’s offices are located in New York City, White Plains, New York, and Summit, New Jersey. For more information, please visit http://www.hkholdingco.com.
Investor Relations Contact:
ir@hkholdingco.com