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| MNKD > SEC Filings for MNKD > Form 8-K on 26-Dec-2012 | All Recent SEC Filings |
26-Dec-2012
Submission of Matters to a Vote of Security Holders, Other Events, Financial Statem
At a special meeting of our stockholders held on December 20, 2012 (the "Special
Meeting"), our stockholders approved an amendment to our Amended and Restated
Certificate of Incorporation to increase the authorized shares of our common
stock from 350,000,000 shares to 550,000,000 shares. The tabulation of votes on
this matter is as follows: shares voted for: 187,875,575; shares voted against:
16,959,132; shares abstaining: 808,557; and broker non-votes: 0. The Certificate
of Amendment to Amended and Restated Certificate of Incorporation (the
"Certificate of Amendment") is attached as Exhibit 3.1 and incorporated herein
by reference.
On December 21, 2012, following the approval by our stockholders of the amendment to our Amended and Restated Certificate of Incorporation and the filing of the Certificate of Amendment with the Secretary of State of the State of Delaware, we completed the closing (the "Closing") of our previously announced issuance and sale of 40,000,000 unregistered shares of our common stock and unregistered warrants to purchase an aggregate of 30,000,000 shares of our common stock to The Mann Group LLC ("The Mann Group"), an entity controlled by our chief executive officer and principal stockholder, Alfred E. Mann, pursuant to the Common Stock and Warrant Purchase Agreement that we entered into with The Mann Group on October 18, 2012. The aggregate purchase price for the shares and warrants that we issued to The Mann Group was approximately $107.4 million and was paid for by cancelling principal indebtedness (the "Cancelled Principal Amount") owed to The Mann Group under the Amended and Restated Promissory Note issued by us to The Mann Group on October 18, 2012 (the "Note"). The Cancelled Principal Amount became available for reborrowing under the Note upon the Closing. In accordance with the terms of the Note, we elected to capitalize the accrued and unpaid interest on the Cancelled Principal Amount that became due at the Closing.
Following the cancellation of the Cancelled Principal Amount and the capitalization of the accrued and unpaid interest thereon, the total principal amount outstanding under the Note was approximately $121.7 million, and we had approximately $123.4 million available for borrowing under the Note.
(d) Exhibits. The following exhibit is filed herewith:
3.1 Certificate of Amendment of Amended and Restated Certificate of Incorporation.
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