Horizon Kinetics Holding Corporation Completes Merger with Scott's Liquid Gold-Inc.

Horizon Kinetics LLC has announced the completion of its merger with Scott's Liquid Gold-Inc., which has been reincorporated in Delaware and renamed Horizon Kinetics Holding Corporation. Due to delays with FINRA and the DTC, shares will continue trading under the ticker symbol "SLGD" until further notice.

Approximately 18 million shares were issued to Horizon Kinetics members as merger consideration on a post-reverse stock split basis. These shares are currently not eligible for trading. The legacy shareholders of the company now own about 3.5% of the combined entity post-reverse split.

Dan Roller, former Chairman of SLGD, expressed gratitude towards shareholders and employees for their support. Rimmy Malhotra, the Lead Independent Director for SLGD, also praised the partnership with Horizon Kinetics. Murray Stahl, Co-Founder of Horizon Kinetics, reaffirmed the company's commitment to its long-term, fundamental, and contrarian investment practices.