Company offers warrants for 10 million shares at $0.125 per warrant
By Devika Patel
Knoxville, Tenn., Nov. 26 - MusclePharm Corp. settled a $1.25 million private placement of warrants on Nov. 25, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold warrants for 10 million common shares at $0.125 apiece.
MusclePharm develops sports nutrition products and is based in Denver.
| Issuer: | MusclePharm Corp.
|
| Issue: | Common stock
|
| Amount: | $1.25 million
|
| Warrants: | For 10 million shares
|
| Price: | $0.125
|
| Settlement date: | Nov. 25
|
| Stock symbol: | OTCBB: MSLP
|
| Stock price: | $8.30 at close Nov. 22
|
| Market capitalization: | $73.58 million
|
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