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Stock impact report

MannKind Announces $28.0 Million Registered Direct Offering

MannKind Corporation (MNKD) 
Last mannkind corporation earnings: 2/25 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.mannkindcorp.com/press-releases
Company Research Source: GlobeNewswire
WESTLAKE VILLAGE, Calif., April 06, 2018 (GLOBE NEWSWIRE) -- MannKind Corporation (Nasdaq:MNKD) today announced the pricing of a registered direct offering of 14,000,000 shares of common stock and warrants to purchase up to an aggregate of 14,000,000 shares of common stock to select healthcare dedicated institutional investors. Each share of common stock is being sold together with a warrant to purchase one share of common stock for a combined purchase price of $2.00, resulting in gross proceeds of $28.0 million.  The warrants will be exercisable at a price of $2.38 per share beginning six months following the date of issuance and will expire six months thereafter. The shares of common stock and the warrants will be immediately separable and will be issued separately.  The offering is expected to close on or about April 10, 2018, subject to customary closing conditions. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. After deducting the placement age Show less Read more
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