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Liquid Holdings Group closes on its public offering

Liquid Holdings Group, Inc. (NASDAQ: LIQD) said it has closed its previously announced underwritten public offering of USD40m of its common stock.

The public offering price was USD1.25 per share and total net proceeds to the company from the public offering are expected to be approximately USD36.0m, after deducting the underwriting discount and estimated offering expenses payable by Liquid.

Liquid said it intends to use the net proceeds from this public offering for repayment in full of USD1m borrowed under an available line of credit and the remainder for investments in its technology and sales and marketing functions and for working capital and general corporate purposes, which may include acquisitions of complementary businesses, products or technologies.

JMP Securities LLC acted as bookrunning manager for the offering and Craig-Hallum Capital Group LLC and Sandler O´Neill + Partners, L.P. acted as co-managers.

Liquid Holdings Group is a cloud-based technology and managed services provider to the global hedge fund and active trading markets. For more information, visit


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