MannKind raises $28M in registered direct offering

MannKind Corp. (NASDAQ:MNKD; Tel Aviv:MNKD) shares fell 25% to $1.79 on NASDAQ April 6 after it raised $28 million in a registered direct offering through the sale of 14 million shares and accompanying warrants to purchase an additional 14 million shares at a combined price of $2. H.C. Wainwright served as placement agent.

The April 6 stock move represented a loss in market cap of $78.5 million...