MannKind exchanges $193.7M of 2.50% convertible notes for 26.7M shares plus $89.2M cash

MANNKIND CORP

Aggregate principal $193.7M of 2.50% Convertible Senior Notes due 2026 exchanged for 26,749,559 shares of common stock.
Cash payment of ~$89.2M additional exchange consideration.
Closings expected on Dec. 20 and Dec. 23, 2024, subject to conditions.
After exchange, ~$36.3M principal of Notes remains outstanding.

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