Filing Details

Accession Number:
0001104659-22-124295
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-12-02 20:53:12
Reporting Period:
2022-11-30
Accepted Time:
2022-12-02 20:53:12
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1718405 Hycroft Mining Holding Corp HYMC () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1367262 Jason Mudrick C/O Mudrick Capital Management, L.p.
527 Madison Avenue, 6Th Floor
New York NY 10022
No No Yes No
1655183 Mudrick Capital Management, L.p. 527 Madison Avenue, 6Th Floor
New York NY 10022
No No Yes No
1656059 Mudrick Gp, Llc 527 Madison Avenue, 6Th Floor
New York NY 10022
No No Yes No
1665193 Mudrick Distressed Opportunity Drawdown Fund, L.p. 527 Madison Avenue, 6Th Floor
New York NY 10022
No No Yes No
1730922 Mudrick Capital Management Llc 527 Madison Avenue, 6Th Floor
New York NY 10022
No No Yes No
1763080 Mudrick Distressed Opportunity Drawdown Fund Ii, L.p. 527 Madison Avenue, 6Th Floor
New York NY 10022
No No Yes No
1813394 Mudrick Distressed Opportunity Drawdown Fund Ii Sc, L.p. 527 Madison Avenue, 6Th Floor
New York NY 10022
No No Yes No
1813628 Mudrick Distressed Opportunity Fund Global, Lp 527 Madison Avenue, 6Th Floor
New York NY 10022
No No Yes No
1813630 Mudrick Distressed Opportunity Drawdown Fund Gp, Llc 527 Madison Avenue, 6Th Floor
New York NY 10022
No No Yes No
1813765 Mudrick Distressed Opportunity Drawdown Fund Ii Gp, Llc 527 Madison Avenue, 6Th Floor
New York NY 10022
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2022-11-30 713,490 $0.74 23,681,359 No 4 S Indirect See Notes
Class A Common Stock Disposition 2022-12-01 1,050,110 $0.70 22,631,249 No 4 S Indirect See Notes
Class A Common Stock Disposition 2022-12-02 620,033 $0.66 22,011,216 No 4 S Indirect See Notes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Notes
No 4 S Indirect See Notes
No 4 S Indirect See Notes
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Warrants Disposition 2022-11-30 145,871 $0.11 145,871 $10.50
Class A Common Stock Warrants Disposition 2022-11-30 55,066 $0.10 55,066 $11.50
Class A Common Stock Warrants Disposition 2022-12-01 40,275 $0.10 40,275 $10.50
Class A Common Stock Warrants Disposition 2022-12-01 47,465 $0.09 47,465 $11.50
Class A Common Stock Warrants Disposition 2022-12-02 8,427 $0.10 8,427 $10.50
Class A Common Stock Warrants Disposition 2022-12-02 31,969 $0.09 31,969 $11.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
3,001,150 2020-10-06 2025-10-06 No 4 S Indirect
10,031,241 2020-06-28 No 4 S Indirect
2,960,875 2020-10-06 2025-10-06 No 4 S Indirect
9,983,776 2020-06-28 No 4 S Indirect
2,952,448 2020-10-06 2025-10-06 No 4 S Indirect
9,951,807 2020-06-28 No 4 S Indirect
Footnotes
  1. This statement is being filed by the following Reporting Persons: Mudrick Capital Management, L.P. ("Mudrick Capital"); Mudrick Capital Management, LLC ("Mudrick Capital GP"); Jason Mudrick; Mudrick Distressed Opportunity Drawdown Fund GP, LLC ("Mudrick Drawdown GP"); Mudrick Distressed Opportunity Drawdown Fund, L.P. ("Mudrick Drawdown Fund"); Mudrick Distressed Opportunity Drawdown Fund II GP, LLC ("Mudrick Drawdown Fund II GP"), Mudrick Distressed Opportunity Drawdown Fund II, L.P. ("Mudrick Drawdown Fund II"), Mudrick Distressed Opportunity Drawdown Fund II SC, L.P. ("Mudrick Drawdown Fund II SC"), Mudrick Distressed Opportunity Fund Global, L.P. ("Mudrick Opportunity Fund") and Mudrick GP, LLC ("Mudrick GP").
  2. Represents the sale of shares of the Issuer's Class A Common Stock as follows: 294,540 by Mudrick Opportunity Fund; 76,007 by Mudrick Drawdown Fund; 63,446 by Mudrick Drawdown Fund II; 18,383 by Mudrick Drawdown Fund II SC; and 261,114 by certain accounts managed by Mudrick Capital and shares held by Mudrick Capital Management, L.P. on behalf of Mudrick Stressed Credit Master Fund, L.P. (the "Managed Accounts" and together with Mudrick Drawdown Fund, Mudrick Drawdown Fund II, Mudrick Drawdown Fund II SC and the Mudrick Opportunity Fund, the "Mudrick Funds").
  3. The price represents the weighted average price of the shares sold. The shares were sold within a range of $0.72 to $0.8036, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of shares sold at each separate price within the range.
  4. Represents the sale of shares of the Issuer's Class A Common Stock as follows: 434,308 by Mudrick Opportunity Fund; 111,771 by Mudrick Drawdown Fund; 92,911 by Mudrick Drawdown Fund II; 26,810 by Mudrick Drawdown Fund II SC; and 384,310 by the Managed Accounts.
  5. The price represents the weighted average price of the shares sold. The shares were sold within a range of $0.69 to $0.74, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of shares sold at each separate price within the range.
  6. Represents the sale of shares of the Issuer's Class A Common Stock as follows: 256,435 by Mudrick Opportunity Fund; 65,995 by Mudrick Drawdown Fund; 54,859 by Mudrick Drawdown Fund II; 15,830 by Mudrick Drawdown Fund II SC; and 226,914 by the Managed Accounts.
  7. The price represents the weighted average price of the shares sold. The shares were sold within a range of $0.65 to $0.6947, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of shares sold at each separate price within the range.
  8. Represents shares of the Issuer's Class A Common Stock directly held following the reported sales as follows: 9,103,463 by Mudrick Opportunity Fund; 2,342,822 by Mudrick Drawdown Fund; 1,947,486 by Mudrick Drawdown Fund II; 561,967 by Mudrick Drawdown Fund II SC; and 8,055,478 by the Managed Accounts
  9. Represents the sale of warrants to buy shares of the Issuer's Class A Common Stock as follows: 29,157 by Mudrick Opportunity Fund; 68,066 by Mudrick Drawdown Fund II; 28,169 by Mudrick Drawdown Fund SC; and 20,479 by the Managed Accounts.
  10. The price represents the weighted average price of the warrants sold. The warrants were sold within a range of $0.10 to $0.13, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of warrants sold at each separate price within the range.
  11. Represents the sale of warrants to buy shares of the Issuer's Class A Common Stock as follows: 21,620 by Mudrick Opportunity Fund; 8,358 by Mudrick Drawdown Fund; 1,168 by Mudrick Drawdown Fund II; and 23,920 by the Managed Accounts.
  12. These warrants expire May 29, 2025, or earlier upon their redemption or the liquidation of the Issuer. These warrants may be redeemed, at a price of $0.01 per warrant, if the last sale price of the Class A Common Stock equals or exceeds $18.00 per share for any 20 trading days within a 30 trading day period ending on the third business day before the notice of redemption is sent to the warrant holders.
  13. The price represents the weighted average price of the warrants sold. The warrants were sold within a range of $0.088 to $0.11, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of warrants sold at each separate price within the range.
  14. Represents the sale of warrants to buy shares of the Issuer's Class A Common Stock as follows: 8,050 by Mudrick Opportunity Fund; 7,778 by Mudrick Drawdown Fund II SC; 18,793 by Mudrick Drawdown Fund II; and 5,654 by the Managed Accounts.
  15. The price represents the weighted average price of the warrants sold. The warrants were sold within a range of $0.10 to $0.1099, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of warrants sold at each separate price within the range.
  16. Represents the sale of warrants to buy shares of Class A Common Stock as follows: 18,636 by Mudrick Opportunity Fund; 7,204 by Mudrick Drawdown Fund; 1,007 by Mudrick Drawdown Fund II; and 20,618 by the Managed Accounts.
  17. The price represents the weighted average price of the warrants sold. The warrants were sold within a range of $0.091 to $0.10, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of warrants sold at each separate price within the range.
  18. Represents the sale of warrants to buy shares of Class A Common Stock as follows: 1,684 by Mudrick Opportunity Fund; 3,932 by Mudrick Drawdown Fund II; 1,627 by Mudrick Drawdown Fund II SC; and 1,184 by the Managed Accounts.
  19. Represents warrants to buy shares of Class A Common Stock directly held following the reported sales as follows: 590,134 by Mudrick Opportunity Fund; 1,377,671 by Mudrick Drawdown Fund II; 570,154 by Mudrick Drawdown Fund II SC; and 414,489 by the Managed Accounts.
  20. Represents the sale of warrants to buy shares of Class A Common Stock as follows: 12,553 by Mudrick Opportunity Fund; 4,852 by Mudrick Drawdown Fund; 678 by Mudrick Drawdown Fund II; and 13,886 by the Managed Accounts.
  21. The price represents the weighted average price of the warrants sold. The warrants were sold within a range of $0.091 to $0.10, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of warrants sold at each separate price within the range.
  22. Represents warrants to buy shares of Class A Common Stock directly held following the reported sales as follows: 3,907,339 by Mudrick Opportunity Fund; 1,510,479 by Mudrick Drawdown Fund; 211,067 by Mudrick Drawdown Fund II; and 4,322,922 by the Managed Accounts.
  23. Mudrick Capital is the investment manager of each of the Mudrick Funds and has voting and investment discretion with respect to the securities held by the Mudrick Funds. Jason Mudrick is the sole member of each of Mudrick Capital GP, the general partner of Mudrick Capital, Mudrick Drawdown Fund GP, the general partner of Mudrick Drawdown Fund, Mudrick Drawdown Fund II GP, the general partner of Mudrick Drawdown Fund II and Mudrick Drawdown Fund II SC, and Mudrick GP, the general partner of Mudrick Opportunity Fund.
  24. Mudrick Capital, Mudrick Capital GP and Jason Mudrick may be deemed to have beneficial ownership of the equity securities of the Issuer owned by the Mudrick Funds, Mudrick Drawdown Fund GP may be deemed to have beneficial ownership of the securities owned by Mudrick Drawdown Fund, Mudrick Drawdown Fund II GP may be deemed to have beneficial ownership of the securities owned by Mudrick Drawdown Fund II and Mudrick Drawdown Fund II SC and Mudrick GP may be deemed to beneficially own the securities owned by Mudrick Opportunity Fund.
  25. The Reporting Persons disclaim any beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities of the Issuer in excess of their respective pecuniary interests.