IZEA Holdings, Inc., a world leader in social media sponsorships, announced today the completion of a merger transaction and the commencement of electronic stock trading under the symbol “IZEA” on the OTC Bulletin Board.

In connection with the merger, the company raised $3,300,000 through the sale of common stock and warrants, completed May 12, 2011. The private placement was priced at $10,000 per unit, with each unit consisting of 30,303 shares of common stock and a warrant to purchase of 18,182 shares of common stock, at an exercise price of $0.50 per share. The warrants are exercisable for a period of five years from the date of issuance. After accounting for the merger and financings, IZEA currently has 44,939,384 shares of common stock outstanding.

“This represents a major milestone for our company”, said Ted Murphy, CEO of IZEA. “I am pleased to have completed this transaction, as it enables us to broaden our investor base and create a liquid market for our stock. As a publicly-traded company, we believe that we will be in a better position to take advantage of the growing opportunities emerging in our industry.”

“We have spent the last few years focused on the development of our technology platforms and building our publisher network. The company is now in a position to more aggressively expand our strategic sales efforts with agencies and brands,” said Murphy.

The financing will be used primarily for expansion of IZEA’s outside sales and marketing operations in target markets.   IZEA used to have activities and programs during their growth phase. With the new public listing and new funding, it will be the return of IZEA’s glory days of its core competencies.

Indeed, the tech invasion of IPOs continues on.  New tech IPOs such as LinkedIn, Pandora, Groupon, and Zynga has been the top story on Wall Street for the better part of this year.  Now, IZEA goes public marking a new step for the company to get back in business and stay up with the competition.