EMERGENT CAPITAL, INC.
|
(Name of Issuer)
|
Common Stock, $0.01 par value
|
(Title of Class of Securities)
|
29102N105
|
(CUSIP Number)
|
Brett Lawrence
Stroock & Stroock & Lavan LLP
180 Maiden Lane
New York, NY 10038
212-806-5422
|
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
|
December 23, 2019
|
(Date of Event which Requires Filing of this Statement)
|
1
|
NAMES OF REPORTING PERSONS
|
||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|||||
Robert C. Knapp
|
|||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(See Item 2)
|
(b)
|
⊠
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
||||
AF, OO
|
|||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
||||
United States
|
|||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|||
0 (See Item 5)
|
|||||
8
|
SHARED VOTING POWER
|
||||
0 (See Item 5)
|
|||||
9
|
SOLE DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
10
|
SHARED DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||
0 (See Item 5)
|
|||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
||||
⊠ See Item 5
|
|||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
||||
0 (See Item 5)
|
|||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
||||
IN
|
|||||
1
|
NAMES OF REPORTING PERSONS
|
||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|||||
Ironsides Partners LLC
|
|||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(See Item 2)
|
(b)
|
⊠
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
||||
OO
|
|||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
||||
Delaware
|
|||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|||
0 (See Item 5)
|
|||||
8
|
SHARED VOTING POWER
|
||||
0 (See Item 5)
|
|||||
9
|
SOLE DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
10
|
SHARED DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||
0 (See Item 5)
|
|||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
||||
⊠ See Item 5
|
|||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
||||
0 (See Item 5)
|
|||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
||||
OO
|
|||||
1
|
NAMES OF REPORTING PERSONS
|
||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|||||
Ironsides P Fund L.P.
|
|||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(See Item 2)
|
(b)
|
⊠
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
||||
OO, WC
|
|||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
||||
Delaware
|
|||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|||
0 (See Item 5)
|
|||||
8
|
SHARED VOTING POWER
|
||||
0 (See Item 5)
|
|||||
9
|
SOLE DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
10
|
SHARED DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||
0 (See Item 5)
|
|||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
||||
⊠ See Item 5
|
|||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
||||
0 (See Item 5)
|
|||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
||||
PN
|
|||||
1
|
NAMES OF REPORTING PERSONS
|
||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|||||
Ironsides Partners Special Situations Master Fund II L.P.
|
|||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(See Item 2)
|
(b)
|
⊠
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
||||
OO
|
|||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
||||
Cayman Islands
|
|||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|||
0 (See Item 5)
|
|||||
8
|
SHARED VOTING POWER
|
||||
0 (See Item 5)
|
|||||
9
|
SOLE DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
10
|
SHARED DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||
0 (See Item 5)
|
|||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
||||
⊠ See Item 5
|
|||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
||||
0 (See Item 5)
|
|||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
||||
PN
|
|||||
1
|
NAMES OF REPORTING PERSONS
|
||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|||||
Ironsides Partners Special Situations Master Fund III L.P.
|
|||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(See Item 2)
|
(b)
|
⊠
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
||||
WC
|
|||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
||||
Cayman Islands
|
|||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|||
0 (See Item 5)
|
|||||
8
|
SHARED VOTING POWER
|
||||
0 (See Item 5)
|
|||||
9
|
SOLE DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
10
|
SHARED DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||
0 (See Item 5)
|
|||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
||||
⊠ See Item 5
|
|||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
||||
0 (See Item 5)
|
|||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
||||
PN
|
|||||
1
|
NAMES OF REPORTING PERSONS
|
||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|||||
Ironsides Partners Special Situations Fund GP LLC
|
|||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(See Item 2)
|
(b)
|
⊠
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
||||
OO
|
|||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
||||
Delaware
|
|||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|||
0 (See Item 5)
|
|||||
8
|
SHARED VOTING POWER
|
||||
0 (See Item 5)
|
|||||
9
|
SOLE DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
10
|
SHARED DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||
0 (See Item 5)
|
|||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
||||
⊠ See Item 5
|
|||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
||||
0 (See Item 5)
|
|||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
||||
OO
|
|||||
1
|
NAMES OF REPORTING PERSONS
|
||||
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|||||
RCK Holdings LLC
|
|||||
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a)
|
☐
|
||
(See Item 2)
|
(b)
|
⊠
|
|||
3
|
SEC USE ONLY
|
||||
4
|
SOURCE OF FUNDS (SEE INSTRUCTIONS)
|
||||
OO
|
|||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
|
☐
|
|||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
||||
Delaware
|
|||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7
|
SOLE VOTING POWER
|
|||
0 (See Item 5)
|
|||||
8
|
SHARED VOTING POWER
|
||||
0 (See Item 5)
|
|||||
9
|
SOLE DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
10
|
SHARED DISPOSITIVE POWER
|
||||
0 (See Item 5)
|
|||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||||
0 (See Item 5)
|
|||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
||||
⊠ See Item 5
|
|||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
||||
0 (See Item 5)
|
|||||
14
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
||||
OO
|
|||||
Transactions in securities of Emergent Capital, Inc.
convertible or exercisable into Common Stock during the preceding 60 days
|
|||||
Transaction Date
|
Party
|
Security
|
Acquired/Disposed
|
Amount
|
Price
|
12/23/2019
|
Master Fund
|
Common Stock Purchase Warrant
|
Disposed
|
Right to Purchase 586,794 shares of Common Stock
|
Disposed in connection with distribution to partners for no consideration.
|
12/23/2019
|
GP Fund
|
Common Stock Purchase Warrant
|
Acquired
|
Right to Purchase 3,794 shares of Common Stock
|
Acquired from Master Fund in connection with Master Fund’s distribution to partners for no consideration.
|
12/23/2019
|
RCK Holdings
|
Common Stock Purchase Warrant
|
Acquired
|
Right to Purchase 74,000 shares of Common Stock
|
Acquired from Master Fund in connection with Master Fund’s distribution to partners for no consideration.
|
12/23/2019
|
Master Fund
|
5.00% Convertible Notes
|
Disposed
|
$8,405,382
|
Disposed in connection with distribution to partners for no consideration.
|
12/23/2019
|
GP Fund
|
5.00% Convertible Notes
|
Acquired
|
$57,382
|
Acquired from Master Fund in connection with Master Fund’s distribution to partners for no consideration.
|
12/23/2019
|
RCK Holdings
|
5.00% Convertible Notes
|
Acquired
|
$1,092,000
|
Acquired from Master Fund in connection with Master Fund’s distribution to partners for no consideration.
|
IRONSIDES PARTNERS LLC
|
|||
By:
|
/s/ Robert Knapp
|
||
Name:
|
Robert Knapp
|
||
Title:
|
President
|
Robert C. Knapp
|
|
/s/ Robert Knapp
|
IRONSIDES P FUND L.P.
|
|||
By: | Ironsides P Fund GP LLC, its General Partner |
||
By:
|
/s/ Robert Knapp
|
||
Name:
|
Robert Knapp
|
||
Title:
|
Manager
|
IRONSIDES PARTNERS SPECIAL SIUTATIONS
MASTER FUND II L.P. |
|||
By:
|
Ironsides Partners Special Situations Fund GP
LLC, its General Partners |
||
By:
|
/s/ Robert Knapp
|
||
Name:
|
Robert Knapp
|
||
Title:
|
Manager
|
IRONSIDES PARTNERS SPECIAL SIUTATIONS
MASTER FUND III L.P. |
|||
By:
|
Ironsides Partners Special Situations Fund III GP
LLC, its General Partners |
||
By:
|
/s/ Robert Knapp
|
||
Name:
|
Robert Knapp
|
||
Title:
|
Manager
|
IRONSIDES PARTNERS SPECIAL SIUTATIONS FUND
GP LLC |
|||
By:
|
/s/ Robert Knapp
|
||
Name:
|
Robert Knapp
|
||
Title:
|
Manager
|
RCK HOLDINGS LLC
|
|||
By:
|
/s/ Robert Knapp
|
||
Name:
|
Robert Knapp
|
||
Title:
|
Manager
|
IRONSIDES PARTNERS LLC
|
|||
By:
|
/s/ Robert Knapp
|
||
Name:
|
Robert Knapp
|
||
Title:
|
President
|
Robert C. Knapp
|
|
/s/ Robert Knapp
|
IRONSIDES P FUND L.P.
|
|||
By: | Ironsides P Fund GP LLC, its General Partner |
||
By:
|
/s/ Robert Knapp
|
||
Name:
|
Robert Knapp
|
||
Title:
|
Manager
|
IRONSIDES PARTNERS SPECIAL SIUTATIONS
MASTER FUND II L.P. |
|||
By:
|
Ironsides Partners Special Situations Fund GP
LLC, its General Partners |
||
By:
|
/s/ Robert Knapp
|
||
Name:
|
Robert Knapp
|
||
Title:
|
Manager
|
IRONSIDES PARTNERS SPECIAL SIUTATIONS
MASTER FUND III L.P. |
|||
By:
|
Ironsides Partners Special Situations Fund III GP
LLC, its General Partners |
||
By:
|
/s/ Robert Knapp
|
||
Name:
|
Robert Knapp
|
||
Title:
|
Manager
|
IRONSIDES PARTNERS SPECIAL SIUTATIONS FUND
GP LLC |
|||
By:
|
/s/ Robert Knapp
|
||
Name:
|
Robert Knapp
|
||
Title:
|
Manager
|
RCK HOLDINGS LLC
|
|||
By:
|
/s/ Robert Knapp
|
||
Name:
|
Robert Knapp
|
||
Title:
|
Manager
|