0001209191-22-026280.txt : 20220429
0001209191-22-026280.hdr.sgml : 20220429
20220429164247
ACCESSION NUMBER: 0001209191-22-026280
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210111
FILED AS OF DATE: 20220429
DATE AS OF CHANGE: 20220429
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: PURA VIDA INVESTMENTS, LLC
CENTRAL INDEX KEY: 0001590144
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-56199
FILM NUMBER: 22876485
BUSINESS ADDRESS:
STREET 1: 512 W 22ND STREET
STREET 2: 7TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10111
BUSINESS PHONE: 646-597-6995
MAIL ADDRESS:
STREET 1: 512 W 22ND STREET
STREET 2: 7TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10111
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Pura Vida Master Fund, LTD
CENTRAL INDEX KEY: 0001912371
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-56199
FILM NUMBER: 22876484
BUSINESS ADDRESS:
STREET 1: C/O WALKERS CORPORATE LIMITED
STREET 2: 190 ELGIN AVENUE
CITY: GEORGE TOWN, GRAND CAYMAN
STATE: E9
ZIP: KY1-9008
BUSINESS PHONE: 6465976995
MAIL ADDRESS:
STREET 1: C/O WALKERS CORPORATE LIMITED
STREET 2: 190 ELGIN AVENUE
CITY: GEORGE TOWN, GRAND CAYMAN
STATE: E9
ZIP: KY1-9008
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kamen Efrem
CENTRAL INDEX KEY: 0001789193
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-56199
FILM NUMBER: 22876483
MAIL ADDRESS:
STREET 1: C/O PURA VIDA INVESTMENTS, LLC
STREET 2: 512 W 22ND STREET, 7TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10011
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: MedMen Enterprises, Inc.
CENTRAL INDEX KEY: 0001776932
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-RETAIL STORES, NEC [5990]
IRS NUMBER: 981431779
STATE OF INCORPORATION: A1
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: 10115 JEFFERSON BOULEVARD
CITY: CULVER CITY
STATE: CA
ZIP: 90232
BUSINESS PHONE: 4243302082
MAIL ADDRESS:
STREET 1: 10115 JEFFERSON BOULEVARD
CITY: CULVER CITY
STATE: CA
ZIP: 90232
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-01-11
0
0001776932
MedMen Enterprises, Inc.
MMNFF
0001590144
PURA VIDA INVESTMENTS, LLC
512 W 22ND STREET
7TH FLOOR
NEW YORK
NY
10011
0
0
1
0
0001912371
Pura Vida Master Fund, LTD
C/O WALKERS CORPORATE LIMITED
190 ELGIN AVENUE
GEORGE TOWN, GRAND CAYMAN
E9
KY1-9008
CAYMAN ISLANDS
0
0
1
0
0001789193
Kamen Efrem
C/O PURA VIDA INVESTMENTS, LLC
512 W 22ND STREET, 7TH FLOOR
NEW YORK
NY
10011
0
0
1
0
Senior Secured Convertible Note
2.55
2021-01-11
4
H
0
2842250.68
D
2022-04-23
Class B Subordinate Voting Shares
1082518
0
I
By Pura Vida Master Fund, LTD.
Senior Secured Convertible Note
2.17
2021-01-11
4
H
0
756702.74
D
2022-04-23
Class B Subordinate Voting Shares
339079
0
I
By Pura Vida Master Fund, LTD.
Senior Secured Convertible Note
1.28
2021-01-11
4
H
0
553156.25
D
2022-04-23
Class B Subordinate Voting Shares
420217
0
I
By Pura Vida Master Fund, LTD.
Senior Secured Convertible Note
0.778
2021-01-11
4
H
0
293010.80
D
2022-04-23
Class B Subordinate Voting Shares
366218
0
I
By Pura Vida Master Fund, LTD.
Senior Secured Convertible Note
0.17
2021-01-11
4
J
0
4445120.46
A
2022-04-23
Class B Subordinate Voting Shares
26147767
4445120.46
I
By Pura Vida Master Fund, LTD.
Senior Secured Convertible Note
2.55
2021-01-11
4
H
0
897552.85
D
2022-04-23
Class B Subordinate Voting Shares
341847
0
I
By Pura Vida Pro Special Opportunity Master Fund, LTD.
Senior Secured Convertible Note
2.17
2021-01-11
4
H
0
238955.99
D
2022-04-23
Class B Subordinate Voting Shares
107077
0
I
By Pura Vida Pro Special Opportunity Master Fund, LTD.
Senior Secured Convertible Note
1.28
2021-01-11
4
H
0
174678.90
D
2022-04-23
Class B Subordinate Voting Shares
132700
0
I
By Pura Vida Pro Special Opportunity Master Fund, LTD.
Senior Secured Convertible Note
0.778
2021-01-11
4
H
0
92528.65
D
2022-04-23
Class B Subordinate Voting Shares
115647
0
I
By Pura Vida Pro Special Opportunity Master Fund, LTD.
Senior Secured Convertible Note
0.17
2021-01-11
4
J
0
1403716.39
A
2022-04-23
Class B Subordinate Voting Shares
8257155
1403716.39
I
By Pura Vida Pro Special Opportunity Master Fund, LTD.
Warrant
3.718
2021-01-11
4
H
0
95817
D
2022-05-22
Class B Subordinate Voting Shares
766541
670724
I
By Pura Vida Master Fund, LTD.
Warrant
4.29
2021-01-11
4
H
0
27680
D
2022-05-22
Class B Subordinate Voting Shares
221445
193765
I
By Pura Vida Master Fund, LTD.
Warrant
3.159
2021-01-11
4
H
0
28193
D
2022-07-12
Class B Subordinate Voting Shares
225546
197353
I
By Pura Vida Master Fund, LTD.
Warrant
3.645
2021-01-11
4
H
0
8145
D
2022-07-12
Class B Subordinate Voting Shares
65158
57013
I
By Pura Vida Master Fund, LTD.
Warrant
1.011
2021-01-11
4
H
0
35234
D
2022-11-27
Class B Subordinate Voting Shares
281867
246633
I
By Pura Vida Master Fund, LTD.
Warrant
1.167
2021-01-11
4
H
0
10178
D
2022-11-27
Class B Subordinate Voting Shares
81428
71250
I
By Pura Vida Master Fund, LTD.
Warrant
0.1608
2021-01-11
4
J
0
3986944
A
2022-07-11
2026-01-11
Class B Subordinate Voting Shares
3986944
3986944
I
By Pura Vida Master Fund, LTD.
Warrant
3.718
2021-01-11
4
H
0
30259
D
2022-05-22
Class B Subordinate Voting Shares
242066
211807
I
By Pura Vida Pro Special Opportunity Master Fund, LTD.
Warrant
4.29
2021-01-11
4
H
0
8741
D
2022-05-22
Class B Subordinate Voting Shares
69930
61189
I
By Pura Vida Pro Special Opportunity Master Fund, LTD.
Warrant
3.159
2021-01-11
4
H
0
8903
D
2022-07-12
Class B Subordinate Voting Shares
71225
62322
I
By Pura Vida Pro Special Opportunity Master Fund, LTD.
Warrant
3.645
2021-01-11
4
H
0
2572
D
2022-07-12
Class B Subordinate Voting Shares
20576
18004
I
By Pura Vida Pro Special Opportunity Master Fund, LTD.
Warrant
1.011
2021-01-11
4
H
0
11127
D
2022-11-27
Class B Subordinate Voting Shares
89011
77884
I
By Pura Vida Pro Special Opportunity Master Fund, LTD.
Warrant
1.1667
2021-01-11
4
H
0
3214
D
2022-11-27
Class B Subordinate Voting Shares
25714
22500
I
By Pura Vida Pro Special Opportunity Master Fund, LTD.
Warrant
0.1608
2021-01-11
4
J
0
1259035
A
2022-07-11
2026-01-11
Class B Subordinate Voting Shares
1259035
1259035
I
By Pura Vida Pro Special Opportunity Master Fund, LTD.
Pursuant to a Third Amended and Restated Securities Purchase Agreement dated 01/11/2021 (the "Third Restatement"), (a) portions of certain warrants were cancelled, (b) additional share purchase warrants with an exercise price of $0.1608 per share were issued, and (c) the conversion prices of certain Senior Secured Convertible Notes (each a "Note" and collectively, the "Notes") were amended to $0.17 per share. Furthermore, Notes with conversion prices of $0.26 or $0.20 per share and warrants with an exercise price of $0.26 per share were automatically adjusted to $0.1529 pursuant to existing down-round adjustment provisions; such automatic adjustments are not required to be reported herein as they do not constitute acquisitions of additional securities. All dollar and share amounts of Notes reflect fully accreted principal amounts as of 01/11/2021. The ultimate number of shares issuable on conversion may vary based on the accrued interest payable on Notes at the time of any conversion.
Pursuant to the Third Restatement, the conversion price of this Note was amended, which may be deemed a cancellation of the Note and an issuance of a new Note for the purpose of Section 16. See also footnotes (1) and (7).
Currently exercisable as of Reporting Date.
Not applicable.
The reporting persons (the "Reporting Persons") are Pura Vida Investments, LLC ("PVI"), Pura Vida Master Fund, LTD. (the "PV Master Fund"), and Efrem Kamen. PVI serves as the investment manager to the PV Master Fund. Pura Vida Pro, LLC ("PVP") serves as the investment manager to Pura Vida Pro Special Opportunity Master Fund, LTD. PVP is a relying adviser of PVI. Efrem Kamen serves as the managing member of both PVI and PVP.
This Form 4 shall not be deemed an admission that PVI and Efrem Kamen are beneficial owners of the securities for purposes of Sections 13 and 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of PVI and Efrem Kamen disclaims beneficial ownership of the Shares reported herein except to the extent of the PVI's and Efrem Kamen's pecuniary interest, if any, therein.
This Note may be deemed issued for the purpose of Section 16 pursuant to the Third Restatement upon amendment of the conversion price of the original Notes. See also footnotes (1) and (2).
Pursuant to the Third Restatement, a portion of the shares underlying this warrant was cancelled. See also footnote (1).
Warrant was issued pursuant to the Third Restatement. See also footnote (1).
/s/ Efrem Kamen
2022-04-29
/s/ Efrem Kamen
2022-04-29
/s/ Efrem Kamen
2022-04-29