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MERR > SEC Filings for MERR > Form 8-K on 1-May-2014All Recent SEC Filings

Show all filings for MERRIMAN HOLDINGS, INC



Unregistered Sale of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities.

On April 25, 2014, the Company entered into a definitive agreement (the "Stock Purchase Agreement") for the sale and issuance of 1,333,333 shares of Common Stock at a price per share of $0.06, resulting in total cash proceeds to the Company of $80,000 (the "Fifth 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 333,333 warrants were issued in the Fifth Closing. The Fifth Closing was 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 25, 2014, incorporated herein
       by reference to the Company's Current Report on Form 8-K dated April 2,

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