Merriman Holdings, Inc. (OTCPK:MERR) announced a private placement with accredited investors of 39,945,833 common shares at $0.03 per share for gross proceeds of $1,198,375 on March 28, 2013. The company also issued 28,319,792 warrants to purchase 0.25 shares of common stock at a price of $0.04 per share for a term of five years. No underwriters, underwriting discounts or commissions were involved in the transaction.

On March 28, 2013, Merriman Holdings, Inc closed the transaction.