Tengion (TNGN) Prospectus filed to register Shares
The selling stockholders acquired the common stock and the warrants to purchase common stock in a private placement that closed in 3/11.
The Bottom Line: TNGN is not selling any common stock under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders. TNGN will, however, receive the net proceeds of any warrants exercised for cash. Medtronic (MDT) is listed as the largest shareholder at 17.1% and at second with Health Cap IV LP doubling its ownership in the last offering to 26% from 14.4%.