Merriman Holdings, Inc. (OTCPK:MERR) announced a private placement of a new note for gross proceeds of $333,333 on July 20, 2015. The company also issued warrants to purchase 166,667 shares of the company's common stock at an exercise price of $1 per share and expiring on July 16, 2020. The note carries a fixed interest of 12% per annum and will mature on July 16, 2016.

The transaction included participation from EGS, LLC.