Post by morfu on Jan 3, 2019 19:30:01 GMT -5
Hihi there,
can someone give a rough sumary, what happened to the 140mil authorized shares in 2018?
I guess about 27mil were given away in December with warrants for another 27mil, what else!?
I think I found the prospectus you mean (http://investors.mannkindcorp.com/node/15996/html), not sure if I understand all it.. a few numbers on page 3 and 4 (see bellow):
It seems like a big part of the shares are still available (for example "47.9 million of common stock available for sale and issuance pursuant such agreement." and
"8,925,932 shares of common stock available for future grant under our 2018 equity incentive plan as of September 30, 2018;")
- about 27mil were given away for Christmas
But what with these of big numbers (issuable shares, warrants and conversion notes) which have price tags on them? $4.00, $5.76, $5.15!?
Who decides if they can have the shares considering hte share price goes up that far? Do these cntract ever expire like the 2.38 April 9th warrants?
Here is a shortened citation from the link above:
The number of shares of common stock to be outstanding immediately after this offering set forth above is based on 159,497,573 shares of common stock
11,431,526 shares of common stock issuable price of $5.76 per share as of September 30, 2018;
1,169,340 shares of common stock issuable upon the settlement of outstanding restricted stock units as of September 30, 2018;
8,925,932 shares of common stock available for future grant under our 2018 equity incentive plan as of September 30, 2018;
2,897,394 shares of common stock issuable under our employee stock purchase plan as of September 30, 2018;
31,856 $13.05 per share as of September 30, 2018, which warrants expire on November 16, 2020;
14,000,000 of $2.38 per share as of September 30, 2018, which warrants expire on April 9, 2019;
3,629,127 convertible notes due 2021 at a conversion price of approximately $5.15 per share as of September 30, 2018;
21,909,541 shares of common stock issuable at a conversion price of $4.00 per share; and
703,344 shares of common stock issued after September 30, 2018 pursuant
47.9 million of common stock available for sale and issuance pursuant such agreement.