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MusclePharm issued a total of 1,500,000 shares of its Series D Convertible Preferred Stock in a registered direct offering at a price of $8.00 per share. Each share of Series D Convertible Preferred Stock is convertible into two shares of common stock, subject to adjustment.
Among other athletes endorsed by MusclePharm are San Francisco 49ers quarterback Colin Kaepernick and New York Jets receiver Eric Decker. Steinberg said there was potential for Woods to have his own line of products with the company. He once had his own line in a former deal with Gatorade. He said Woods will be promoted in print and electronic ads, as well as through social media. This collaboration would be fun and authentic, he said.