Whitebox Advisors Llc - Sep 2, 2021 Form 4 Insider Report for HYCROFT MINING HOLDING CORP (HYMC)

Role
10%+ Owner
Signature
Whitebox Advisors LLC By: /s/ Daniel Altabef, Title: General Counsel - Regulatory Affairs & Compliance
Stock symbol
HYMC
Transactions as of
Sep 2, 2021
Transactions value $
-$6,090,855
Form type
4
Date filed
9/7/2021, 06:38 PM
Next filing
Nov 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HYMC Class A Common Stock, $0.0001 par value Sale -$5.92M -3.2M -26.79% $1.85 8.74M Sep 2, 2021 See Footnotes F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HYMC Warrant Sale -$104K -328K -35.92% $0.32 585K Sep 3, 2021 Class A Common Stock, $0.0001 par value 328K $11.50 See Footnotes F1, F2, F3, F4
transaction HYMC Warrant Sale -$66.4K -273K -46.63% $0.24 312K Sep 7, 2021 Class A Common Stock, $0.0001 par value 273K $11.50 See Footnotes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are directly owned by certain private investment funds (the "Private Funds") and may be deemed to be beneficially owned by (a) Whitebox Advisors LLC by virtue of its role as the investment manager of the Private Funds, and (b) Whitebox General Partner LLC by virtue of its role as the general partner of the Private Funds.
F2 Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F3 Each Warrant, also known as a PIPE Warrant (as defined in the Issuer's 8-K12B filed on June 4, 2020 (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 became exercisable on June 28, 2020 and expire May 29, 2025 or earlier upon their redemption or the liquidation of the Issuer.
F4 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.