MusclePharm Corporation (OTCBB:MSLP) has reached an agreement to raise $1.4 million through a convertible promissory note and registration agreement with an accredited investor.
“We are very pleased with the successful completion of the agreement with the investor and believe this capital will support our capital requirements for growth,” commented Brad Pyatt, MusclePharm’s Chief Executive Officer. “We appreciate our investor’s confidence in MusclePharm as we continue to execute our long-term growth strategy.”
This capital raise, combined with the previously released fulfillment agreement with IVitals, further enhances the Company’s overall financial strength for future long-term profitable growth. Management will continue to focus on the development, sales & marketing of MusclePharm’s growing portfolio of nutritional supplement products.
MusclePharm is a rapidly expanding healthy life-style company that develops and manufactures a full line of NSF and scientifically approved, nutritional supplements that are 100% free of any banned substances. Based on years of research, MusclePharm products are created through an advanced six-stage research protocol involving the expertise of top nutritional scientists and field tested by more than 100 elite professional athletes from various sports including the NFL, MMA, and MLB. The Company’s propriety and award winning products address all categories of an active lifestyle including muscle building, weight loss, and maintaining general fitness through a daily nutritional supplement regimen. MusclePharm is sold in over 120 countries and available in over 5,000 US retail outlets that include GNC, and Vitamin Shoppe, as well as over 100 online stores, including bodybuilding.com, Amazon and Vitacost.com.
Voltaire Limited (Nasdaq:VOLT) announced on November 29, 2010 that they have signed a definitive agreement under which Mellanox will acquire 100 percent of Voltaire�s outstanding ordinary shares for cash at a price of $8.75 per share, or a total equity value of approximately $218 million ($176 million net of cash). The terms of the transaction have been unanimously approved by both the Mellanox and Voltaire Boards of Directors.
Voltaire Ltd. and its subsidiaries develop, produce, market, and sell server and storage switching and software solutions that enable scale-out computing fabrics for the data centers. It offers scale-out InfiniBand platform, a switched fabric interconnect for servers, which is deployed in server clusters ranging from two to thousands of nodes; and scale-out Ethernet gigabit offering that enables users to benefit from a lower latency and virtualized switch fabric with lower fabric costs and power consumption.
Mutualfirst Financial Inc (Nasdaq:MFSF) announced the Company will pay a cash dividend of $.06 per share for the fourth quarter of 2010. The dividend will be payable on December 24, 2010 to shareholders of record on December 12, 2010.�We are pleased to pay this quarterly dividend. Although challenges still exist, we have been able to grow capital in addition to paying this dividend,� said David W. Heeter, President and CEO. Heeter continued, �MutualBank exceeds all regulatory guidelines for being well capitalized and enhancing capital continues to be very important.�
MutualFirst Financial, Inc. operates as a holding company for MutualBank that provides banking services to individuals and businesses. It accepts various savings deposit accounts, NOW and demand accounts, and certificates of deposit. The company also provides one- to four-family residential mortgage loans, multi-family and commercial real estate loans, construction and development loans, commercial business loans, and consumer loans, including home equity and lines of credit.
1st United Bancorp, Inc. (Nasdaq:FUBC) announced that it has filed with the Securities and Exchange Commission a universal shelf registration statement on Form S-3 providing for the offer and sale from time to time of up to $100 million of securities, including equity, debt and other securities as described in the registration statement. Specific terms and prices will be determined at the time of each offering under a separate prospectus supplement, which will be filed with the SEC at the time of any offering.
1st United Bancorp, Inc. operates as the financial holding company for 1st United Bank that provides financial services to residents and businesses in Florida. Its deposit products include checking accounts, money market accounts, certificates of deposit, IRA accounts, sweep investment capabilities, NOW accounts, time deposits, demand deposits, and savings accounts.
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