Shelf Offering! Geezus!

[goyocafe]

finance.yahoo.com/news/mannkind-announces-commencement-public-offering-210100569.html

[awesomo]

Well, shit.

[mannmade]

Now we see why Mike has been so quiet... thought he said only up from here a couple of weeks ago? This will not help mnkd stk go up....

[otherottawaguy]

Down 10% and counting...

[awesomo]

Already down 15% AH, will tank harder tomorrow...

[mannmade]

Yes especially in down market...

[awesomo]

The timing of this doesn't project any sort of confidence. Welp, Happy New Year ya'll!

[sexychefski]

Is the wording strange that they are doing an offering to buy back shares?

[otherottawaguy]

MannKind Announces Commencement of Public Offering

WESTLAKE VILLAGE, Calif., Dec. 19, 2018 (GLOBE NEWSWIRE) -- MannKind Corporation (Nasdaq: MNKD) (MannKind) today announced that it has commenced an underwritten public offering to issue and sell shares of its common stock and warrants to purchase shares of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.



Leerink Partners is acting as sole book-running manager for the offering.



The securities described above are being offered by MannKind pursuant to a shelf registration statement on Form S-3 (No. 333-210792) previously filed by MannKind with the Securities and Exchange Commission (SEC) on April 18, 2016 and declared effective on April 27, 2016. The offering will be made only by means of a written prospectus and prospectus supplement that form part of the registration statement. A preliminary prospectus supplement related to the offering and accompanying prospectus will be filed with the SEC and will be available on the SEC website located at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus related to the offering, when available, may be obtained from Leerink Partners LLC, Attention: Syndicate Department, One Federal Street, 37th Floor, Boston, MA 02110, telephone: [phone], ext. 6132, or by email at [e-mail].



This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of any securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.



About MannKind Corporation



MannKind Corporation (Nasdaq: MNKD) focuses on the development and commercialization of inhaled therapeutic products for patients with diseases such as diabetes and pulmonary arterial hypertension. MannKind is currently commercializing Afrezza® (insulin human) Inhalation Powder, the Company's first FDA-approved product and the only inhaled rapid-acting mealtime insulin in the United States, where it is available by prescription from pharmacies nationwide. MannKind is headquartered in Westlake Village, California, and has a state-of-the art manufacturing facility in Danbury, Connecticut. The Company also employs field sales and medical representatives across the U.S.



Forward-Looking Statements



Statements in this press release that are not strictly historical in nature, including statements related to the proposed offering by MannKind, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believes,” “anticipates,” “plans,” “expects,” “intends,” “will,” “goal,” “potential” and similar expressions are intended to identify forward-looking statements. These statements are based upon MannKind’s current expectations. Actual events or results could differ materially from those anticipated in such forward-looking statements due to various factors, including market risks and uncertainties and the satisfaction of customary closing conditions for an offering of securities. For a discussion of these and other factors, please refer to MannKind’s quarterly report on Form 10-Q for the quarter ended September 30, 2018 as well as MannKind’s other filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and MannKind undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof, except as required by law.



MannKind Contact:



Rose Alinaya

SVP, Investor Relations

818-661-5000

[e-mail]

[longliner]

Poison pill?

[awesomo]

Dec 19, 2018 16:14:27 GMT -5 longliner said:

Poison pill?

Yeah, delivered straight to the shareholders yet again.

[mnkdfann]

I won't name names, but IIRC numerous experts on this forum swore Mike said we were free and clear of dilution.

[tingtongtung]

What does it mean? I'm too disappointed to look at this objectively.

But, they dont say when, what price, size, etc. Are they doing it assuming there is something that will push the price soon (as in a week?), and then raise cash? They dont even need cash now - right? Anything with MNKD is a weird crazy stuff..

[mannmade]

Usually mnkd waits until last moment to raise cash so maybe the timing is for another reason. Possibilities are:

1. Buy back warrants
2. Pay off DF early
3. Acquire another company or asset
4. Pay for much larger media campaign on Network TV instead of local cable
5. Xmas bonus’

Anyone else care to guess?

[traderdennis]

Dec 19, 2018 16:19:24 GMT -5 mannmade said:

Usually mnkd waits until last moment to raise cash so maybe the timing is for another reason. Possibilities are:

1. Buy back warrants
2. Pay off DF early
3. Acquire another company or asset
4. Pay for much larger media campaign on Network TV instead of local cable
5. Xmas bonus’

Anyone else care to guess?

For continued operations.

I’ve been saying it for months now