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photonic5

10/18/19 5:08 PM

#248127 RE: manibiotech #248125

If it is a public offering, then the market sets the sale price. I’d imagine raising $150 million is not something the company wants to do as the price is going down. This announcement would seem to speculate that they are expecting news with would raise the price and this will give them the opportunity to raise cash along with share price.

Such a raise would be necessary to advance into commercialization.
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Kkhors

10/18/19 5:16 PM

#248129 RE: manibiotech #248125

Keep reading.

PLAN OF DISTRIBUTION

We may offer and sell the securities described in this prospectus:

· through agents;

· through one or more underwriters or dealers;

· through a block trade in which the broker or dealer engaged to handle the block trade will attempt to sell the securities as agent, but may position and resell a portion of the block as principal to facilitate the transaction;

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· directly to one or more purchasers;

· in “at the market offerings,” within the meaning of Rule 415(a)(4) of the Securities Act; or

· through a combination of any of these methods of sale.

The distribution of the securities described in this prospectus may be effected from time to time in one or more transactions either:

· at a fixed price or prices, which may be changed;

· at market prices prevailing at the time of sale;

· at prices relating to the prevailing market prices; or

· at negotiated prices.