Merriman Capital Acted As Co-Manager In Quantum Corp.'s $135.0 Million Private Placement Of Convertible Notes
SAN FRANCISCO, Nov. 17, 2010 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (Nasdaq: MERR), today announced that it has acted as a co-manager in Quantum Corp.'s (the "Company") (NYSE: QTM) private placement of $135.0 million aggregate principal amount of 3.50% Convertible Senior Subordinated Notes due 2015, issued to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. The transaction was closed on November 15, 2010.
Details on the transaction can be found at Quantum Corp.'s web site: http://www.quantum.com/.About Quantum Corp. Quantum Corp. (NYSE: QTM) is the leading global specialist in backup, recovery, and archive. From small businesses to multinational enterprises, more than 50,000 customers trust Quantum to solve their data protection, retention and management challenges. Quantum's best-of-breed, open systems solutions provide significant storage efficiencies and cost savings while minimizing risk and protecting prior investments. They include three market-leading, highly scalable platforms: DXi(R)-Series disk-based deduplication and replication systems for fast backup and restore, Scalar(R) tape automation products for disaster recovery and long-term data retention, and StorNext(R) data management software for high-performance file sharing and archiving. Quantum Corp., 1650 Technology Drive, Suite 800, San Jose, CA 95110, (408) 944-4000, www.quantum.com. About Merriman Holdings, Inc. Merriman Holdings, Inc. (NASDAQ: MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services. Merriman specializes in three industry growth sectors: Technology, CleanTech and Consumer, Media & Internet. For more information, please go to www.merrimanco.com. Note to Investors This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2010. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," believe," "could," "estimate," "expect," "intend," "may," "should," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 30, 2010 and the Form 10-Q filed on November 15, 2010, together with this press release and the financial information contained herein, are available on our website, www.merrimanco.com . Please click on "Investor Relations." SOURCE Merriman Holdings, Inc.
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