Merriman Capital Sole Placement for OCZ

Merriman Capital, Inc., a wholly-owned subsidiary of Merriman Holdings, Inc. has acted as sole placement agent in OCZ Technology Group, Inc.‘s $22 million private placement of common stock and warrants to several institutional investors at approximately $3.08 per share. The transaction closed on November 2, 2010. OCZ will use the net proceeds to support its solid state drive business.

"It took five days from start to finish to raise $22 million from top tier investors, with the deal pricing ‘at market’ and now trading up significantly. We couldn’t be happier with the work Merriman did on this transaction," said Ryan Petersen, president and chief executive officer of OCZ Technology Group.