Mannkind shares fall sharply after announcing stock offering

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Mannkind shares fall sharply after announcing stock offering

By Staff Report / Friday, April 6th, 2018 / Comments Off on Mannkind shares fall sharply after announcing stock offering

Shares for MannKind fell nearly 25 percent April 6, well below its $2 opening price, after the company announced that it had registered a direct offering of 14 million shares of common stock to institutional health care investors. The shares were priced at $2 each and were combined with warrants for investors to purchase an…

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