Company sells 705,882 of common shares at $8.50 apiece in offering
By Devika Patel
Knoxville, Tenn., March 27 - MusclePharm Corp. said it completed a $6 million private placement of stock.
The company sold 705,882 common shares at $8.50 per share. The price per share reflects a 14.14% discount to the March 26 closing share price of $9.90.
MusclePharm develops sports nutrition products and is based in Denver.
| Issuer: | MusclePharm Corp.
|
| Issue: | Common stock
|
| Amount: | $6 million
|
| Shares: | 705,882
|
| Price: | $8.50
|
| Warrants: | No
|
| Settlement date: | March 27
|
| Stock symbol: | OTCBB: MSLP
|
| Stock price: | $9.90 at close March 26
|
| Market capitalization: | $61.23 million
|
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