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Liquid Holdings Group announces underwriter exercise of over-allotment option

Liquid Holdings Group, Inc. (NASDAQ: LIQD) said that the underwriters for its recent public offering of common stock partially exercised their over-allotment option and purchased an additional 2,945,000 shares of its common stock.

The additional shares were sold at the public offering price of USD1.25 per share, before underwriting discounts. The closing of the sale of these additional shares occurred on May 27, 2014, bringing the total number of shares sold by Liquid in the public offering to 34,945,000 shares. Total net proceeds to the company, after deducting the underwriting discount and estimated offering expenses, are expected to be approximately USD39.4m.

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. Headquartered in New York City, Liquid Holdings Group was formed in 2012.


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