| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RSLS | Common Stock | Exercise of in-the-money or at-the-money derivative security | +1.48M | +1599% | 1.57M | Jun 28, 2021 | Direct | F1, F2, F3 | ||
| transaction | RSLS | Common Stock | Exercise of in-the-money or at-the-money derivative security | $0 | 0 | 0% | $0.00* | 1.57M | Jun 28, 2021 | See Footnote 1 | F2, F3 |
| transaction | RSLS | Common Stock | Exercise of in-the-money or at-the-money derivative security | +1.48M | +94.11% | 3.05M | Jun 28, 2021 | Direct | F1, F2, F3 | ||
| transaction | RSLS | Common Stock | Exercise of in-the-money or at-the-money derivative security | $0 | 0 | 0% | $0.00* | 3.05M | Jun 28, 2021 | See Footnote 1 | F2, F3 |
| transaction | RSLS | Common Stock | Exercise of in-the-money or at-the-money derivative security | +676K | +22.16% | 3.73M | Jun 28, 2021 | Direct | F1, F2, F3 | ||
| transaction | RSLS | Common Stock | Exercise of in-the-money or at-the-money derivative security | $0 | 0 | 0% | $0.00* | 3.73M | Jun 28, 2021 | See Footnote 1 | F2, F3 |
| transaction | RSLS | Common Stock | Exercise of in-the-money or at-the-money derivative security | +676K | +18.14% | 4.4M | Jun 28, 2021 | Direct | F1, F2, F3 | ||
| transaction | RSLS | Common Stock | Exercise of in-the-money or at-the-money derivative security | $0 | 0 | 0% | $0.00* | 4.4M | Jun 28, 2021 | See Footnote 1 | F2, F3 |
| transaction | RSLS | Common Stock | Exercise of in-the-money or at-the-money derivative security | +2.25M | +51.19% | 6.66M | Jun 28, 2021 | Direct | F1, F2, F3 | ||
| transaction | RSLS | Common Stock | Exercise of in-the-money or at-the-money derivative security | $0 | 0 | 0% | $0.00* | 6.66M | Jun 28, 2021 | See Footnote 1 | F2, F3 |
| transaction | RSLS | Common Stock | Exercise of in-the-money or at-the-money derivative security | +564K | +8.46% | 7.22M | Jun 28, 2021 | Direct | F1, F2, F3 | ||
| transaction | RSLS | Common Stock | Exercise of in-the-money or at-the-money derivative security | $0 | 0 | 0% | $0.00* | 7.22M | Jun 28, 2021 | See Footnote 1 | F2, F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | RSLS | Series A Warrants | Exercise of in-the-money or at-the-money derivative security | -1.48M | -100% | 0 | Jun 28, 2021 | COMMON STOCK | 1.48M | Direct | F1, F2, F3, F4 | |||
| transaction | RSLS | Series A Warrants | Exercise of in-the-money or at-the-money derivative security | 0 | 0 | Jun 28, 2021 | COMMON STOCK | 0 | See Footnote 1 | F2, F3, F4 | ||||
| transaction | RSLS | Series E Warrants | Exercise of in-the-money or at-the-money derivative security | -1.48M | -100% | 0 | Jun 28, 2021 | COMMON STOCK | 1.48M | Direct | F1, F2, F3, F5 | |||
| transaction | RSLS | Series E Warrants | Exercise of in-the-money or at-the-money derivative security | 0 | 0 | Jun 28, 2021 | COMMON STOCK | 0 | See Footnote 1 | F2, F3, F5 | ||||
| transaction | RSLS | Series G Warrants | Exercise of in-the-money or at-the-money derivative security | -676K | -100% | 0 | Jun 28, 2021 | COMMON STOCK | 676K | Direct | F1, F2, F3, F6 | |||
| transaction | RSLS | Series G Warrants | Exercise of in-the-money or at-the-money derivative security | 0 | 0 | Jun 28, 2021 | COMMON STOCK | 0 | See Footnote 1 | F2, F3, F6 | ||||
| transaction | RSLS | Series G Warrants | Exercise of in-the-money or at-the-money derivative security | -676K | -100% | 0 | Jun 28, 2021 | COMMON STOCK | 676K | Direct | F1, F2, F3, F7 | |||
| transaction | RSLS | Series G Warrants | Exercise of in-the-money or at-the-money derivative security | 0 | 0 | Jun 28, 2021 | COMMON STOCK | 0 | See Footnote 1 | F2, F3, F7 | ||||
| transaction | RSLS | Warrant | Exercise of in-the-money or at-the-money derivative security | -2.25M | -100% | 0 | Jun 28, 2021 | COMMON STOCK | 2.25M | Direct | F1, F2, F3, F8 | |||
| transaction | RSLS | Warrant | Exercise of in-the-money or at-the-money derivative security | 0 | 0 | Jun 28, 2021 | COMMON STOCK | 0 | See Footnote 1 | F2, F3, F8 | ||||
| transaction | RSLS | Warrant | Exercise of in-the-money or at-the-money derivative security | -564K | -100% | 0 | Jun 28, 2021 | COMMON STOCK | 564K | Direct | F1, F2, F3, F9 | |||
| transaction | RSLS | Warrant | Exercise of in-the-money or at-the-money derivative security | 0 | 0 | Jun 28, 2021 | COMMON STOCK | 0 | See Footnote 1 | F2, F3, F9 |
Armistice Capital, Llc is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | The reported securities (the "Shares") of ReShape Lifesciences Inc. (the "Issuer") are directly held by Armistice Capital Master Fund Ltd., a Cayman Islands exempted company (the "Master Fund"), and may be deemed to be indirectly beneficially owned by: (i) Armistice Capital, LLC ("Armistice Capital"), as the investment manager of the Master Fund; and (ii) Steven Boyd, as the Managing Member of Armistice Capital ("Mr. Boyd", and together with Armistice Capital, the "Reporting Persons"). Armistice Capital and Mr. Boyd disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission that either of them are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |
| F2 | On June 28, 2021, the Issuer and the Master Fund entered into an agreement regarding an Inducement Offer to Exercise Common Stock Purchase Warrants (the "Inducement Agreement"). The Inducement Agreement provided, inter alia, that the Master Fund would exercise the warrants in the transactions reported herein (the "Existing Warrants") in exchange for an aggregate price of $41,179,303.17. In consideration for exercising in full all of the Existing Warrants held by the Master Fund (the "Warrant Exercise"), at an exercise price equal the sum of (a) $0.09375 per Share underlying the New Warrants (as defined below) issued to the Master Fund plus (b) the lower of (i) the current exercise price set forth in the Existing Warrants, and (ii) $6.00 per warrant share, the Issuer will issue the Master Fund or its designee a new unregistered Common Stock Purchase Warrants ("New Warrants") |
| F3 | [continued from Footnote 2] to purchase 5,348,105 Shares, which New Warrant shall be substantially in the form of the Existing Warrants (except that the New Warrants will include a beneficial ownership limitation of 9.99% ("Beneficial Ownership Limitation")), are exercisable immediately with an expiration date on June 28, 2026, and an exercise price equal to $6.00. The Shares to be received resulting from the Warrant Exercise are subject to the Beneficial Ownership Limitation and are held in abeyance until they are able to be received in accordance with the terms of the Inducement Agreement (and thus the Reporting Persons do not beneficially own Shares in abeyance). The foregoing descriptions of each of the Inducement Agreement and the New Warrants are qualified in their entirety by the terms and conditions of the Inducement Agreement. |
| F4 | The terms of these Series A Warrants are substantially similar to the Series A Warrants previously listed on the Reporting Persons' Form 4 dated September 16, 2020 with respect to ReShape Weightloss Inc. (then-named Reshape Lifesciences Inc.) ("Pre-Merger ReShape"), as modified by the Agreement and Plan of Merger, dated as of January 19, 2021, by and among the Issuer, Optimus Merger Sub, Inc., and Pre-Merger ReShape (incorporated by reference to Exhibit 2.1 the Form 8-K filed by Pre-Merger ReShape with the SEC on June 15, 2021) (the "Merger Agreement"). |
| F5 | The terms of these Series E Warrants are substantially similar to the Series E Warrants previously listed on the Reporting Persons' Form 4 dated September 16, 2020 with respect to Pre-Merger ReShape, as modified by the Merger Agreement. |
| F6 | The terms of these Series G Warrants are substantially similar to the New Series G Warrants previously listed on the Reporting Persons' Form 4 dated September 16, 2020 with respect to Pre-Merger ReShape, as modified by the Merger Agreement. |
| F7 | The terms of these Series G Warrants ("Additional Series G Warrants") are substantially similar to the Existing Series G Warrants previously listed on the Reporting Persons' Form 4 dated September 16, 2020 with respect to Pre-Merger ReShape, as modified by the Merger Agreement. |
| F8 | The terms of this Warrant are substantially similar to the terms of the Additional Series G Warrants, as modified by the Third Amendment to Credit Agreement, dated December 16, 2020 by and between Pre-Merger ReShape and the Master Fund (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by Pre-Merger ReShape with the SEC on December 22, 2020) and the Merger Agreement. |
| F9 | The terms of this Warrant are substantially similar to the terms of the Additional Series G Warrants, as modified by the Fourth Amendment to Credit Agreement, dated January 19, 2021 by and between Pre-Merger ReShape and the Master Fund (incorporated by reference to Exhibit 10.3 to the Form 8-K filed by Pre-Merger ReShape with the SEC on January 20, 2021) and the Merger Agreement. |