Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | FREY | Common Stock | 13.5M | Dec 23, 2024 | Direct | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | FREY | Warrants | Dec 23, 2024 | Shares of Common Stock | 355K | $11.50 | Direct | F2, F3 |
Id | Content |
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F1 | This Form 3 is filed jointly by Encompass Capital Advisors LLC ("ECA") and Encompass Capital Partners LLC ("ECP" and, together with ECA, collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a Section 13(d) group. Each of the Reporting Persons disclaims beneficial ownership of the securities of the Issuer owned directly by other members of the Section 13(d) group and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of such securities for purposes of Section 16 or for any other purpose. Further, each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of its pecuniary interest therein. |
F2 | Represents shares of Common Stock and shares of Common Stock subject to exercisable warrants held by ECA. By virtue of its position as a general partner of certain investment partnerships managed by ECA, ECP may be deemed to have beneficial ownership of the securities identified above. |
F3 | Consists of warrants exercisable for shares of Common Stock. Each outstanding warrant became exercisable for one share of Common Stock within 60 days of July 9, 2021. |
For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons may each be deemed to be a director by deputization of the Issuer.