SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Wbox 2015-5 Ltd.

(Last) (First) (Middle)
JAYLA PLACE, WICKHAMS CAY 1
PO BOX 3190, ROAD TOWN, TORTOLA

(Street)
BRITISH VIRGIN ISLANDS VG1110

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
05/29/2020
3. Issuer Name and Ticker or Trading Symbol
HYCROFT MINING HOLDING CORP [ HYMC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock, $0.0001 par value 7,997,341(1)(2) D(5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant 06/28/2020(3)(4) 05/29/2025(3)(4) Class A Common Stock, $0.0001 par value 913,017(2) $11.5(3)(4) D(5)
Explanation of Responses:
1. Certain of the reported securities were obtained in connection with the business combination involving the Issuer that occurred on May 29, 2020, as described in the Issuer's 8-K12B filed on June 4, 2020 (the "8-K12B"), which is incorporated by reference.
2. The reported securities were obtained in connection with a Subscription/Backstop Agreement, dated January 13, 2020. Reference is made to the Issuer's 8-K and Exhibit 10.1 attached thereto filed on January 14, 2020, which is incorporated by reference.
3. Each Warrant, also known as a PIPE Warrant (as defined in the 8-K12B), gives the holder thereof the right to purchase one share of common stock, subject to certain exceptions. The PIPE Warrants have an initial exercise price of $11.50 per share of Class A Common Stock. The PIPE Warrants will become exercisable on June 28, 2020 and expire May 29, 2025 or earlier upon their redemption or the liquidation of the Issuer.
4. [Continued from Footnote 3] Once exercisable, the PIPE 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. The foregoing description of the PIPE warrants does not purport to be complete and are subject to and qualified in their entirety by reference to the Warrant Agreement included as Exhibit 4.3 of the Issuer's 8-K12B filed on June 4, 2020, which is incorporated by reference.
5. As previously disclosed in Whitebox Advisors LLC's Form 3 with respect to the Issuer filed on June 8, 2020, these securities are directly owned by WBox serving as collateral agent to certain private funds managed by Whitebox Advisors LLC.
By: /s/ Mark Strefling, Mark Strefling, Director 06/10/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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