MannKind Announces Completion of Common Stock Offering
VALENCIA, Calif.--(BUSINESS WIRE)--Aug. 10, 2009--
MannKind Corporation (Nasdaq: MNKD) today announced the
completion of a public offering of 8,360,000 shares of its common stock,
including 960,000 shares sold pursuant to the full exercise of an
over-allotment option previously granted to the underwriters. MannKind’s
chairman, chief executive officer and principal stockholder, Alfred E.
Mann, purchased 1,000,000 of these shares from the underwriters. All of
the shares were offered by MannKind. The net proceeds to MannKind from
the sale of shares in this offering, after deducting underwriting
discounts and commissions and other estimated offering expenses, were
approximately $59.7 million.
Jefferies & Company, Inc. acted as sole book-running manager in this
offering. The co-manager in this offering was Rodman & Renshaw, LLC.
A registration statement relating to the shares of common stock issued
in the offering has been filed with, and declared effective by, the
Securities and Exchange Commission (the “SEC”). A prospectus supplement
relating to the offering has been filed with the SEC. Copies of the
final prospectus supplement and related prospectus may be obtained from
Jefferies & Company, Inc., Attention: Syndicate Prospectus Department,
520 Madison Avenue, New York, NY, 10022 or at (888) 449-2342. This press
release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of, these 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 jurisdiction.
Source: MannKind Corporation
MannKind Corporation
Matthew Pfeffer
Chief Financial
Officer
661-775-5300
mpfeffer@mannkindcorp.com