0001104659-23-009997.txt : 20230202 0001104659-23-009997.hdr.sgml : 20230202 20230202172155 ACCESSION NUMBER: 0001104659-23-009997 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230202 DATE AS OF CHANGE: 20230202 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mudrick Jason CENTRAL INDEX KEY: 0001367262 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38387 FILM NUMBER: 23582326 MAIL ADDRESS: STREET 1: C/O MUDRICK CAPITAL MANAGEMENT, L.P. STREET 2: 527 MADISON AVENUE, 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mudrick Capital Management, L.P. CENTRAL INDEX KEY: 0001655183 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38387 FILM NUMBER: 23582327 BUSINESS ADDRESS: STREET 1: 527 MADISON AVENUE, 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (646) 747 9500 MAIL ADDRESS: STREET 1: 527 MADISON AVENUE, 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mudrick GP, LLC CENTRAL INDEX KEY: 0001656059 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38387 FILM NUMBER: 23582320 BUSINESS ADDRESS: STREET 1: 527 MADISON AVENUE, 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (646) 747-9500 MAIL ADDRESS: STREET 1: 527 MADISON AVENUE, 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mudrick Distressed Opportunity Drawdown Fund, L.P. CENTRAL INDEX KEY: 0001665193 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38387 FILM NUMBER: 23582318 BUSINESS ADDRESS: STREET 1: 527 MADISON AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (646) 747-9500 MAIL ADDRESS: STREET 1: 527 MADISON AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mudrick Capital Management LLC CENTRAL INDEX KEY: 0001730922 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38387 FILM NUMBER: 23582325 BUSINESS ADDRESS: STREET 1: 527 MADISON AVENUE, 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 6467479500 MAIL ADDRESS: STREET 1: 527 MADISON AVENUE, 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mudrick Distressed Opportunity Drawdown Fund II GP, LLC CENTRAL INDEX KEY: 0001813765 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38387 FILM NUMBER: 23582324 BUSINESS ADDRESS: STREET 1: 527 MADISON AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-747-9500 MAIL ADDRESS: STREET 1: 527 MADISON AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mudrick Distressed Opportunity Drawdown Fund II, L.P. CENTRAL INDEX KEY: 0001763080 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38387 FILM NUMBER: 23582323 BUSINESS ADDRESS: STREET 1: C/O MUDRICK CAPITAL MANAGEMENT, L.P. STREET 2: 527 MADISON AVENUE, 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (646) 747-9500 MAIL ADDRESS: STREET 1: C/O MUDRICK CAPITAL MANAGEMENT, L.P. STREET 2: 527 MADISON AVENUE, 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mudrick Distressed Opportunity Drawdown Fund II SC, L.P. CENTRAL INDEX KEY: 0001813394 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38387 FILM NUMBER: 23582322 BUSINESS ADDRESS: STREET 1: C/O MUDRICK CAPITAL MANAGEMENT, L.P. STREET 2: 527 MADISON AVENUE, 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: (646) 747-9500 MAIL ADDRESS: STREET 1: C/O MUDRICK CAPITAL MANAGEMENT, L.P. STREET 2: 527 MADISON AVENUE, 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mudrick Distressed Opportunity Fund Global, LP CENTRAL INDEX KEY: 0001813628 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38387 FILM NUMBER: 23582321 BUSINESS ADDRESS: STREET 1: 527 MADISON AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-747-9500 MAIL ADDRESS: STREET 1: 527 MADISON AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Mudrick Distressed Opportunity Drawdown Fund GP, LLC CENTRAL INDEX KEY: 0001813630 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38387 FILM NUMBER: 23582319 BUSINESS ADDRESS: STREET 1: 527 MADISON AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-747-9500 MAIL ADDRESS: STREET 1: 527 MADISON AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HYCROFT MINING HOLDING CORP CENTRAL INDEX KEY: 0001718405 STANDARD INDUSTRIAL CLASSIFICATION: GOLD & SILVER ORES [1040] IRS NUMBER: 822657796 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 4300 WATER CANYON ROAD STREET 2: UNIT 1 CITY: WINNEMUCCA STATE: NV ZIP: 89445 BUSINESS PHONE: 7753040260 MAIL ADDRESS: STREET 1: 4300 WATER CANYON ROAD STREET 2: UNIT 1 CITY: WINNEMUCCA STATE: NV ZIP: 89445 FORMER COMPANY: FORMER CONFORMED NAME: Mudrick Capital Acquisition Corp DATE OF NAME CHANGE: 20171002 4 1 tm234866-1_4seq1.xml OWNERSHIP DOCUMENT X0306 4 2023-01-31 0 0001718405 HYCROFT MINING HOLDING CORP HYMC 0001655183 Mudrick Capital Management, L.P. 527 MADISON AVENUE, 6TH FLOOR NEW YORK NY 10022 0 0 1 0 0001367262 Mudrick Jason C/O MUDRICK CAPITAL MANAGEMENT, L.P. 527 MADISON AVENUE, 6TH FLOOR NEW YORK NY 10022 0 0 1 0 0001730922 Mudrick Capital Management LLC 527 MADISON AVENUE, 6TH FLOOR NEW YORK NY 10022 0 0 1 0 0001813765 Mudrick Distressed Opportunity Drawdown Fund II GP, LLC 527 MADISON AVENUE, 6TH FLOOR NEW YORK NY 10022 0 0 1 0 0001763080 Mudrick Distressed Opportunity Drawdown Fund II, L.P. 527 MADISON AVENUE, 6TH FLOOR NEW YORK NY 10022 0 0 1 0 0001813394 Mudrick Distressed Opportunity Drawdown Fund II SC, L.P. 527 MADISON AVENUE, 6TH FLOOR NEW YORK NY 10022 0 0 1 0 0001813628 Mudrick Distressed Opportunity Fund Global, LP 527 MADISON AVENUE, 6TH FLOOR NEW YORK NY 10022 0 0 1 0 0001656059 Mudrick GP, LLC 527 MADISON AVENUE, 6TH FLOOR NEW YORK NY 10022 0 0 1 0 0001813630 Mudrick Distressed Opportunity Drawdown Fund GP, LLC C/O MUDRICK CAPITAL MANAGEMENT, L.P. 527 MADISON AVENUE, 6TH FLOOR NEW YORK NY 10022 0 0 1 0 0001665193 Mudrick Distressed Opportunity Drawdown Fund, L.P. C/O MUDRICK CAPITAL MANAGEMENT, L.P. 527 MADISON AVENUE, 6TH FLOOR NEW YORK NY 10022 0 0 1 0 Class A Common Stock 2023-01-31 4 S 0 500000 0.5817 D 15192975 I See Notes Class A Common Stock 2023-02-01 4 S 0 245859 0.5945 D 14947116 I See Notes Class A Common Stock 2023-02-02 4 S 0 300439 0.603 D 14646677 I See Notes Warrants 11.50 2023-01-31 4 S 0 6349 0.063 D 2020-06-28 Class A Common Stock 6349 9603103 I See Notes 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"). Represents the sale of shares of the Issuer's Class A Common Stock as follows: 233,401 by Mudrick Opportunity Fund; 60,067 by Mudrick Drawdown Fund; and 206,532 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"). The shares were sold within a range of $0.57 to $0.59, inclusive. The price represents the weighted average price of the shares sold. 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. Represents the sale of shares of the Issuer's Class A Common Stock as follows: 114,768 by Mudrick Opportunity Fund; 29,536 by Mudrick Drawdown Fund; and 101,555 by the Managed Accounts. The shares were sold within a range of $0.5801 to $0.6029, inclusive. Represents the sale of shares of the Issuer's Class A Common Stock as follows: 140,246 by Mudrick Opportunity Fund; 36,093 by Mudrick Drawdown Fund; and 124,100 by the Managed Accounts. The shares were sold within a range of $0.59 to $0.6191, inclusive. Represents the shares of the Issuer's Class A Common Stock directly held following the reported sales as follows: 6,837,098 by Mudrick Opportunity Fund; 1,759,561 by Mudrick Drawdown Fund; and 6,050,018 by the Managed Accounts. Represents the sale of warrants to buy shares of the Issuer's Class A Common Stock as follows: 2,493 by Mudrick Opportunity Fund; 964 by Mudrick Drawdown Fund; 135 by Mudrick Drawdown Fund II; and 2,757 by the Managed Accounts. 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. Represents warrants to buy shares of the Issuer's Class A Common Stock directly held following the reported sales as follows: 3,770,430 by Mudrick Opportunity Fund; 1,457,554 by Mudrick Drawdown Fund; 203,671 by Mudrick Drawdown Fund II; and 4,171,448 by the Managed Accounts. 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. 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. 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. Exhibit 99.1 (Joint Filer Information) incorporated herein by reference. See Exhibit 99.1 2023-02-02 EX-99.1 2 tm235253d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

Joint Filer Information

 

Name of Joint Filer: Jason Mudrick
   
Address of Joint Filer:

c/o Mudrick Capital Management, L.P.

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: January 31, 2023
   
Designated Filer: Mudrick Capital Management, L.P.

Signature:

 

By: /s/ Jason Mudrick  

Name: Jason Mudrick  
Date: February 2, 2023  
 1 

 

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Capital Management, LLC
   
Address of Joint Filer:

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: January 31, 2023
   
Designated Filer: Mudrick Capital Management, L.P.

Signature:

Mudrick Capital Management, LLC
   
  /s/ Jason Mudrick  
By: Jason Mudrick  
Title: Managing Member  
Date: February 2, 2023  
 2 

 

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Capital Management, L.P.
   
Address of Joint Filer:

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: January 31, 2023
   
Designated Filer: Mudrick Capital Management, L.P.

Signature:

Mudrick Capital Management, L.P.

By: Mudrick Capital Management, LLC

   
  /s/ Jason Mudrick  
By: Jason Mudrick  
Title: Sole Member  
Date: February 2, 2023  

 3 

 

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Distressed Opportunity Drawdown Fund II GP, LLC
   
Address of Joint Filer:

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: January 31, 2023
   
Designated Filer: Mudrick Capital Management, L.P.

Signature:

Mudrick Distressed Opportunity Drawdown Fund II GP, LLC
   
  /s/ Jason Mudrick  
By: Jason Mudrick  
Title: Sole Member  
Date: February 2, 2023  

 4 

 

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Distressed Opportunity Drawdown Fund II, L.P.
   
Address of Joint Filer:

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: January 31, 2023
   
Designated Filer: Mudrick Capital Management, L.P.

Signature:

Mudrick Distressed Opportunity Drawdown Fund II, L.P.

By: Mudrick Distressed Opportunity Drawdown Fund II GP, LLC

   
  /s/ Jason Mudrick  
By: Jason Mudrick  
Title: Sole Member  
Date:  February 2, 2023  

 5 

 

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Distressed Opportunity Drawdown Fund II SC, L.P.
   
Address of Joint Filer:

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: January 31, 2023
   
Designated Filer: Mudrick Capital Management, L.P.

Signature:

Mudrick Distressed Opportunity Drawdown Fund II SC, L.P.

By: Mudrick Distressed Opportunity Drawdown Fund II GP, LLC

   
  /s/ Jason Mudrick  
By: Jason Mudrick  
Title: Sole Member  
Date: February 2, 2023  

 6 

 

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Distressed Opportunity Fund Global, L.P.
   
Address of Joint Filer:

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: January 31, 2023
   
Designated Filer: Mudrick Capital Management, L.P.

Signature:

Mudrick Distressed Opportunity Fund Global, L.P.

By: Mudrick GP, LLC

   
  /s/ Jason Mudrick  
By: Jason Mudrick  
Title: Sole Member  
Date: February 2, 2023  

 7 

 

 

Joint Filer Information

 

Name of Joint Filer: Mudrick GP, LLC
   
Address of Joint Filer:

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: January 31, 2023
   
Designated Filer: Mudrick Capital Management, L.P.

Signature:

Mudrick GP, LLC
   
  /s/ Jason Mudrick  
By: Jason Mudrick  
Title: Sole Member  
Date: February 2, 2023  

 8 

 

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Distressed Opportunity Drawdown Fund GP, LLC
   
Address of Joint Filer:

c/o Mudrick Capital Management, L.P.

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: January 31, 2023
   
Designated Filer: Mudrick Capital Management, L.P.

Signature:

Mudrick Distressed Opportunity Drawdown Fund GP, LLC
   
/s/ Jason Mudrick  
By: Jason Mudrick  
Title: Sole Member  
Date: February 2, 2023  

 9 

 

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Distressed Opportunity Drawdown Fund, L.P.
   
Address of Joint Filer:

c/o Mudrick Capital Management, L.P.

527 Madison Avenue

6th Floor

New York, NY 10022

   
Relationship of Joint Filer to Issuer: 10% Owner
   
Issuer Name and Ticker or Trading Symbol: Hycroft Mining Holding Corporation [HYMC]
   
Date of Earliest Transaction Required to be Reported: January 31, 2023
   
Designated Filer: Mudrick Capital Management, L.P.

Signature:

Mudrick Distressed Opportunity Drawdown Fund, L.P.

By: Mudrick Distressed Opportunity Drawdown Fund GP, LLC

 
  /s/ Jason Mudrick  
By: Jason Mudrick
Title: Sole Member
Date: February 2, 2023

 

 10