NEW YORK, Nov. 14, 2014 (GLOBE NEWSWIRE) -- Liquid Holdings Group, Inc. (Nasdaq:LIQD), a provider of cloud-based investment management solutions for the financial community, today announced an inducement grant under NASDAQ Listing Rule 5635(c)(4).
As previously announced, Peter R. Kent joined Liquid as its Chief Financial Officer on October 27, 2014. As an inducement for Mr. Kent to accept employment with Liquid, effective November 13, 2014, Mr. Kent was awarded a grant of nonqualified options to purchase 1,000,000 shares of the Company's common stock with a ten-year term and an exercise price equal to $1.50 per share. The options are scheduled to vest one third on the first anniversary of the grant date, the second one third on the second anniversary of the grant date, and the final one third on the third anniversary of the grant date, subject to continued employment through each vesting date. This grant is outside of Liquid's existing shareholder-approved equity plan and was approved by the Human Resources and Compensation Committee of the Board of Directors of Liquid in reliance on NASDAQ Listing Rule 5635(c)(4), which requires this public announcement.
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. Liquid was recently named 2014 Best Risk Management Provider by HFM, 2014 Best Global Risk Management Software Company and Best USA Global Risk Management Software Company by the readers of Hedgeweek, as well as 2014 Best Cloud Provider and Best Fin Tech Operations Startup by FTF News.
Headquartered in New York City, Liquid Holdings Group was formed in 2012. For more information, please visit www.liquidholdings.com.