DG Capital Management, LLC - Mar 13, 2024 Form 4 Insider Report for INVACARE HOLDINGS Corp (IVCRQ)

Role: 10%+ Owner
Signature: /s/DG Capital Management, LLC, by Dov Gertzulin, Managing Member
Stock symbol: IVCRQ
Transactions as of: Mar 13, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/15/2024, 07:16 PM
Previous filing: May 22, 2023
Next filing: Oct 30, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IVCRQ	Common Stock	Other	$0	+4.18M	+195.75%	$0.00	6.32M	Mar 13, 2024	See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Persons acquired the shares of the Issuer's common stock in connection with affiliates of the Reporting Persons providing additional advances to the Issuer pursuant to that certain Second Amendment to Loan and Security Agreement, dated as of March 13, 2024.
F2	Shares reported herein are held by private investment funds, including DG Value Partners II Master Fund, LP, and separately managed accounts for which DG Capital Management, LLC serves as the investment manager. DG Value Partners II Master Fund, LP directly holds 5,323,209 shares of the Issuer's common stock. Mr. Gertzulin serves as the Managing Member of DG Capital Management, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that either of the Reporting Persons is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Content

The Reporting Persons acquired the shares of the Issuer's common stock in connection with affiliates of the Reporting Persons providing additional advances to the Issuer pursuant to that certain Second Amendment to Loan and Security Agreement, dated as of March 13, 2024.

Shares reported herein are held by private investment funds, including DG Value Partners II Master Fund, LP, and separately managed accounts for which DG Capital Management, LLC serves as the investment manager. DG Value Partners II Master Fund, LP directly holds 5,323,209 shares of the Issuer's common stock. Mr. Gertzulin serves as the Managing Member of DG Capital Management, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that either of the Reporting Persons is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose.