NEW YORK, Feb. 4, 2014 (GLOBE NEWSWIRE) -- Liquid Holdings Group, Inc. (Nasdaq:LIQD), a provider of a single platform that integrates order and execution management with real-time risk, reporting, shadow NAV, and managed services in the cloud for the financial services community, today announced that certain of its pre-IPO shareholders, in connection with privately negotiated sale transactions, have agreed to a voluntary extension of the lock-up on their current holdings as follows:
- 724,662 shares of common stock or securities convertible into or exchangeable for common stock, representing 2.96% of the company's issued and outstanding common stock, will remain locked-up until July 30, 2014;
- 2,081,351 shares of common stock or securities convertible into or exchangeable for common stock, representing 8.50% of the company's issued and outstanding common stock, will remain locked-up until October 30, 2014; and
- 2,161,739 shares of common stock or securities convertible into or exchangeable for common stock, representing 8.83% of the company's issued and outstanding common stock, will remain locked-up until January 30, 2015.
Among the transactions were purchases by the company's directors and major shareholders of 681,985 shares of the company's common stock and a sale by a former director of 361,880 shares, all at a price of $5.50 per share.
About Liquid Holdings Group
Liquid Holdings Group, Inc. (Nasdaq:LIQD) is a cloud-based technology and managed services provider to the global hedge fund and active trading markets. Liquid's solutions are delivered efficiently and securely through the cloud in a SaaS model. The Liquid platform was purpose built to manage the entire trade lifecycle by seamlessly integrating multi-currency, multi-asset trade order management and execution with real-time risk, portfolio management, and shadow account reporting through a single solution. The company offers the Liquid platform or any of its components on a subscription basis to hedge fund managers, asset managers, family offices, and financial institutions worldwide.
Headquartered in New York City with offices in London and Aventura, Florida, Liquid Holdings Group was formed in 2012. For more information, please visit www.liquidholdings.com
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Source:Liquid Holdings Group, Inc.