Merriman HoldingsInc. on March 30 voluntarily filed a Form 15 with the SEC to deregisterits common stock and suspend its reporting obligations under the Securities ExchangeAct.
According to a March 31 news release, the company will no longerbe required to file certain reports, including quarterly reports on Form 10-Q, annualreports on Form 10-K, and current reports on Form 8-K as a result of the filing.Other filing requirements will terminate upon the effectiveness of the deregistration,which is expected to occur 90 days after the filing. The company expects its commonstock to cease trading on the OTCQB and that other trading avenues, such as theOTC Pink Marketplace, will be available for parties interested in trading its stock.
The company cited its very concentrated shareholdings, the significantcost of being public and limited trading of its stock as reasons for deregistering.The company will execute an odd lot repurchase of its shares in concert with a reversesplit of its stock as part of this transition.
Merriman Holdings' subsidiary, Merriman Capital Inc., will continue to publicly file itsbroker/dealer financials monthly.