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