Company sells 3,448,276 shares at $0.29 per share to five investors
By Devika Patel
Knoxville, Tenn., Oct. 27 – Twinlab Consolidated Holdings Inc. completed a $1 million private placement of stock with five investors on Oct. 21, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 3,448,276 common shares at $0.29 apiece. The price per share represents an 82.94% discount to $1.70, the Oct. 26 closing share price.
The manufacturer, marketer and distributor of nutritional supplements is based in New York.
| Issuer: | Twinlab Consolidated Holdings Inc.
|
| Issue: | Common shares
|
| Amount: | $1 million
|
| Shares: | 3,448,276
|
| Price: | $0.29
|
| Warrants: | No
|
| Announcement date: | Oct. 27
|
| Settlement date: | Oct. 21
|
| Stock symbol: | OTCBB: TLCC
|
| Stock price: | $1.70 at close Oct. 26
|
| Market capitalization: | $524.07 million
|
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