Search the web
Welcome, Guest
[Sign Out, My Account]
EDGAR_Online

Quotes & Info
Enter Symbol(s):
e.g. YHOO, ^DJI
Symbol Lookup | Financial Search
MERR > SEC Filings for MERR > Form 8-K on 17-Apr-2014All Recent SEC Filings

Show all filings for MERRIMAN HOLDINGS, INC

Form 8-K for MERRIMAN HOLDINGS, INC


17-Apr-2014

Unregistered Sale of Equity Securities


Item 3.02 Unregistered Sales of Equity Securities.

On April 10, 2014, the Company entered into a definitive agreement (the "Stock Purchase Agreement") for the sale and issuance of 416,667 shares of Common Stock at a price per share of $0.06, resulting in total cash proceeds to the Company of $25,000 (the "Third Closing"). Use of proceeds was partial repayment of debt and payments under a previously agreed litigation settlement with the balance of proceeds used for working capital and general corporate purposes. For each share of Common Stock purchased, the investors received a warrant to purchase 0.25 shares of Common Stock at a price of $0.08 per share, for a term of five years. A total of 104,166 warrants were issued in the Third Closing. On April 16, 2014, the Company entered into a definitive agreement for the sale and issuance of 416,667 shares of Common Stock at a price per share of $0.06, resulting in total cash proceeds to the Company of $25,000 (the "Fourth Closing"). 104,166 warrants were issued in the Fourth Closing. The Third and Fourth Closings were on identical terms and conditions to those of the First Closing as described in the Company's Form 8-K dated April 2, 2014. The Stock Purchase Agreement is incorporated herein by reference.

No underwriters, underwriting discounts or commissions were involved in the Third or Fourth Closings.

Item 9.01(d) Exhibits



10.49  Form of Stock Purchase Agreement dated April 10, 2014 and April 16, 2014,
       incorporated herein by reference to the Company's Current Report on Form
       8-K dated April 2, 2014.

  Add MERR to Portfolio     Set Alert         Email to a Friend  
Get SEC Filings for Another Symbol: Symbol Lookup
Quotes & Info for MERR - All Recent SEC Filings
Copyright © 2014 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service
SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. By accessing the Yahoo! site, you agree not to redistribute the information found therein.