MannKind shares stumble in wake of recent tripling [MarketWatch]
MannKind Corporation (MNKD)
Last mannkind corporation earnings: 2/25 08:00 am
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US:NASDAQ Investor Relations:
investors.mannkindcorp.com/press-releases
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Source: MarketWatch
MannKind's stock tumbles after share offering, in wake of recent tripling in price Shares of MannKind Corp. MNKD, -12.59% tumbled 8.4% in premarket trade Wednesday, after the inhaled therapeutics products maker announced overnight an offering of common stock, as the company takes advantage of a tripling in price over the past seven sessions . The company said it has entered into agreements with certain institutional investors regarding the sale of a total of 10.17 million shares at a price of $6.00 a share, to raise $61 million. That price is 11% below Tuesday's closing price of $6.71, but is 176% above the Sept. 29 close of $2.17. "With this offering, we have made substantial progress in our efforts to recapitalize the company," said Chief Executive Michael Castagna. The stock has rocketed nearly six-fold over the past three months and more than doubled year to date, while the S&P 500 SPX, +0.01% has gained 14% so far this year.
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MNKD
News
- MannKind Repays Certain Debt Obligations [Yahoo! Finance]Yahoo! Finance
- MannKind Repays Certain Debt ObligationsGlobeNewswire
- MannKind Corporation (NASDAQ:MNKD) down to US$1.2b market cap, but institutional owners may not be as affected after a year of 9.7% returns [Yahoo! Finance]Yahoo! Finance
- MannKind Announces CFO Transition [Yahoo! Finance]Yahoo! Finance
- MannKind CFO Steven Binder to retire [Seeking Alpha]Seeking Alpha
MNKD
Earnings
- 2/27/24 - Beat
MNKD
Sec Filings
- 4/5/24 - Form ARS
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- MNKD's page on the SEC website