Item 8.01 Other Events.
On December 26, 2018, MannKind Corporation (the "Company") issued a warrant (the
"Warrant") to purchase 11,750,000 shares of the Company's common stock (the
"Warrant Shares") to CVI Investments, Inc. ("CVI") in connection with an
underwritten public offering of the Company's common stock and warrants to
purchase shares of its common stock, which was made pursuant to the Company's
registration statement on Form S-3 (Registration Statement No. 333-210792),
previously filed with the Securities and Exchange Commission ("SEC") and
declared effective by the SEC on April 27, 2016, and a prospectus supplement
thereunder.
On December 23, 2019, the Company and CVI agreed to amend the Warrant (the
"Warrant Amendment") to provide that (i) commencing immediately following the
Company's filing of this Current Report on Form 8-K with the SEC, and ending at
9:30 a.m. (New York City time) on December 23, 2019, the exercise price per
share for 4,500,000 Warrant Shares will be equal to $1.311 but only with respect
to a cash exercise under Section 2(a) of the Warrant and (ii) if and only if CVI
purchases at least 4,500,000 Warrant Shares pursuant to a cash exercise of the
Warrant under Section 2(a) of the Warrant prior to 5:00 p.m. (New York City
time) on December 26, 2019, the termination date of the Warrant will be extended
to June 26, 2020.
The foregoing description of the Warrant Amendment does not purport to be
complete and is qualified in its entirety by reference to the Warrant Amendment,
a copy of which is attached as Exhibit 4.1 to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description
4.1 Amendment to Common Stock Purchase Warrant, dated December 22, 2019,
by and between MannKind Corporation and CVI Investments, Inc.
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