Investors also get 50,000 shares; notes due 2013 do not bear interest
By Devika Patel
Knoxville, Tenn., Dec. 10 - MusclePharm Corp. settled a $1 million private placement of zero-coupon promissory notes on Dec. 4, according to an 8-K filed Monday with the Securities and Exchange Commission.
The 0% notes are due Jan. 18, 2013. They were accompanied by 50,000 common shares.
MusclePharm develops sports nutrition products and is based in Denver.
| Issuer: | MusclePharm Corp.
|
| Issue: | Promissory notes, 50,000 common shares
|
| Amount: | $1 million
|
| Maturity: | Jan. 18, 2013
|
| Coupon: | 0%
|
| Warrants: | No
|
| Settlement date: | Dec. 4
|
| Stock symbol: | OTCBB: MSLPD
|
| Stock price: | $5.28 at close Dec. 3
|
| Market capitalization: | $11.57 million
|
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