Published on 11/10/2009 in the Prospect News PIPE Daily.
New Issue: HealthSport completes $10 million private placement of common stock
By Devika Patel
Knoxville, Tenn., Nov. 10 - HealthSport, Inc. settled a private placement of stock for $10 million on Nov. 6, according to an 8-K filed Tuesday with the Securities and Exchange Commission.
The company sold 66,666,667 common shares for $2 million and an $8 million promissory note. Supplemental Manufacturing & Ingredients, LLC was the investor.
Based in Amherst, N.Y., HealthSport develops a line of nutritional supplements.
| Issuer: | HealthSport, Inc.
|
| Issue: | Common stock
|
| Amount: | $10 million
|
| Shares: | 66,666,667
|
| Warrants: | No
|
| Investor: | Supplemental Manufacturing & Ingredients, LLC
|
| Settlement date: | Nov. 6
|
| Stock symbol: | OTCBB: HSPO
|
| Stock price: | $0.17 at close Nov. 6
|
| Market capitalization: | $8.1 million
|
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