0001104659-22-001040.txt : 20220104 0001104659-22-001040.hdr.sgml : 20220104 20220104180322 ACCESSION NUMBER: 0001104659-22-001040 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211230 FILED AS OF DATE: 20220104 DATE AS OF CHANGE: 20220104 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: 22508071 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: 22508072 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 Senior Secured Fund GP, LLC CENTRAL INDEX KEY: 0001813662 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38387 FILM NUMBER: 22508068 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 Senior Secured Fund Global, L.P. CENTRAL INDEX KEY: 0001723936 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38387 FILM NUMBER: 22508069 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 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: 22508070 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 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: 527 MADISON AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 6467479500 MAIL ADDRESS: STREET 1: 527 MADISON AVENUE STREET 2: 6TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: Mudrick Capital Acquisition Corp DATE OF NAME CHANGE: 20171002 4 1 tm221525-1_4seq1.xml OWNERSHIP DOCUMENT X0306 4 2021-12-30 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 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 0001723936 Mudrick Distressed Senior Secured Fund Global, L.P. 527 MADISON AVENUE 6TH FLOOR NEW YORK NY 10022 0 0 1 0 0001813662 Mudrick Senior Secured Fund GP, LLC 527 MADISON AVENUE 6TH FLOOR NEW YORK NY 10022 0 0 1 0 Class A Common Stock 2021-12-30 4 S 0 34410 0.62 D 24394846 I See Notes Warrants 11.50 2021-12-30 4 S 0 14722 0.05 D 2021-06-28 Class A Common Stock 14722 10086307 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 Senior Secured Fund Global, L.P. ("Mudrick Senior Secured Fund"); and Mudrick Senior Secured Fund GP, LLC ("Mudrick Senior Secured Fund GP"). Sold by Mudrick Senior Secured Fund. The price represents the weighted average price of the shares sold. The shares were sold within a range of $0.62 to $0.66, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range. Represents 24,394,846 shares of Class A Common Stock directly held as follows: 22,473 by Mudrick Capital; 10,079,998 by Mudrick Distressed Opportunity Fund Global, L.P. ("Mudrick Opportunity Fund"); 2,594,137 by Mudrick Distressed Opportunity Drawdown Fund, L.P. ("Mudrick Drawdown Fund"); 2,156,395 by Mudrick Distressed Opportunity Drawdown Fund II, L.P. ("Mudrick Drawdown Fund II"); 622,249 by Mudrick Distressed Opportunity Drawdown Fund II SC, L.P. ("Mudrick Drawdown Fund II SC"); 0 by Mudrick Distressed Senior Secured Fund; and 8,919,594 by certain accounts managed by Mudrick Capital (the "Managed Accounts"). These warrants expire May 29, 2025 or earlier upon their redemption or the liquidation by the Issuer. These warrants to buy shares of Class A Common Stock 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; however, for so long as the Sponsor (or a permitted transferee under the applicable warrant agreement) continues to hold the warrants, the warrants may not be redeemed. The price represents the weighted average price of the warrants sold. The warrants were sold within a range of $0.05 to $0.06, inclusive. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of warrants sold at each separate price within the range. Represents warrants to purchase shares of Class A Common Stock directly held as follows: 3,960,148 by Mudrick Opportunity Fund; 1,530,893 by Mudrick Drawdown Fund; 0 by Mudrick Senior Secured Fund; 213,920 by Mudrick Drawdown Fund II; and 4,381,346 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 Distressed Opportunity Drawdown Fund GP, LLC ("Mudrick Drawdown Fund GP"), the general partner of Mudrick Drawdown Fund, Mudrick Distressed Opportunity Drawdown Fund II GP, LLC ("Mudrick Drawdown Fund II GP"), the general partner of Mudrick Drawdown Fund II, and Mudrick Drawdown Fund II SC, Mudrick Senior Secured Fund GP, the general partner of Mudrick Senior Secured Fund, 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 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, Mudrick Senior Secured Fund GP may be deemed to beneficially own the securities owned by Mudrick Senior Secured Fund, 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 2022-01-04 EX-99.1 2 tm221525d1_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: December 30, 2021
   
Designated Filer: Mudrick Capital Management, L.P.

 

Signature:

 

By: /s/ Jason Mudrick
Name: Jason Mudrick
Date: January 4, 2022

 

 

 

 

Exhibit 99.1

 

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: December 30, 2021
   
Designated Filer: Mudrick Capital Management, L.P.

 

Signature:

 

Mudrick Capital Management, LLC
 
By: /s/ Jason Mudrick
Title: Managing Member
Date: January 4, 2022

 

 

 

 

Exhibit 99.1

 

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: December 30, 2021
   
Designated Filer: Mudrick Capital Management, L.P.

 

Signature:

 

Mudrick Capital Management, L.P.
 
By: /s/ Jason Mudrick
Title: President
Date: January 4, 2022

 

 

 

 

Exhibit 99.1

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Distressed Senior Secured 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: December 30, 2021
   
Designated Filer: Mudrick Capital Management, L.P.

 

Signature:

 

Mudrick Capital Management, L.P.
 
By: /s/ Jason Mudrick
Title: Sole Member
Date: January 4, 2022

 

 

 

 

Exhibit 99.1

 

Joint Filer Information

 

Name of Joint Filer: Mudrick Senior Secured Fund 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: December 30, 2021
   
Designated Filer: Mudrick Capital Management, L.P.

 

Signature:

 

Mudrick Capital Management, L.P.
 
By: /s/ Jason Mudrick
Title: Sole Member
Date: January 4, 2022