Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX:MERR), announced this week that it acted as sole placement agent for Wireless Ronin Technologies, Inc.’s (“Wireless Ronin”, RNIN) $5.19 million Series A Convertible Preferred Stock offering, and acted as financial advisor to Wireless Ronin in its completed merger with Creative Realities, LLC.
“This offering was completed in conjunction with a merger creating a leading digital marketing technology company which addresses a very large market. As the combined business continues to grow and consolidate this fragmented industry, we believe that the team has a near-term opportunity to create a significant company,” said Jon Merriman, Co-Chairman and CEO of Merriman Holdings, Inc.
Merriman continued, “The additional liquidity from the Series A Convertible Preferred offering, along with strong additions to the senior management team and Board, greatly enhance a unique marketing technology platform that serves leading, globally recognized retailers and brands.”
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