SAN FRANCISCO, Jan. 5, 2012/PRNewswire/ -- Merriman Holdings, Inc. (OTCQX: MERR) announced today that it closed on an offering of Series E Preferred Stock on December 30, 2011, resulting in a new equity investment of approximately $1.6 million. The investment was led by the Company's Co-Chairmen, Jon Merrimanand Ronald L. Chez, and included all members of the Board of Directors.
"I like where our platform is headed into 2012. We have sharply lowered our cost structure, our execution commission levels are improving, and our banking pipeline is robust. This capital will enable us to expand our rapidly growing advisory practice, as well as execute our near term investment banking business." said Jon Merriman.
About Merriman Capital, Inc.
Merriman Capital, Inc. is an investment banking firm
providing equity and options execution services, market
making, and differentiated research for high growth
companies. We also provide capital raising, advisory, and
M&A services. Merriman Capital, Inc. is a wholly owned
subsidiary of .
Note to Investors
This press release contains certain forward-looking
statements based on our current expectations, forecasts and
assumptions that involve risks and uncertainties. This
release does not constitute an offer to sell or a
solicitation of offers to buy any securities of the
Company. Forward-looking statements in this release are
based on information available to us as of the date hereof.
Our actual results may differ materially from those stated
or implied in such forward-looking statements, due to risks
and uncertainties associated with our business, which
include the risk factors disclosed in our Form 10-K/A filed
on April 28, 2011and our Form 10-Q filed on
November14, 2011. Forward-looking statements include
statements regarding our expectations, beliefs, intentions
or strategies regarding the future and can be identified by
forward-looking words such as "anticipate,"
"believe," "could,"
"estimate," "expect,"
"intend," "may," "should,"
and "would" or similar words. We assume no
obligation to update the information included in this press
release, whether as a result of new information, future
events or otherwise. The Form 10-K/A filed on April
28, 2011and 10-Q filed on November 14,
2011, together with this press release and the
financial information contained herein, are available on
our website, . Please click on "Investor
Relations."
SOURCE
Michael C. Doran, General Counsel of Merriman Holdings, Inc., +1-415-568-3905
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