Squarepoint Ops LLC - Jun 28, 2024 Form 3 Insider Report for Cano Health, Inc. (CANOQ)

Role
10%+ Owner
Signature
/s/ Ronald Veith, Attorney-in-Fact for Squarepoint Ops LLC
Stock symbol
CANOQ
Transactions as of
Jun 28, 2024
Transactions value $
$0
Form type
3
Date filed
7/8/2024, 08:38 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CANOQ Common Stock 7.42M Jun 28, 2024 Arini Credit Master Fund Limited F1, F2, F3
holding CANOQ Common Stock 729K Jun 28, 2024 Squarepoint Diversified Partners Fund 7 Limited F1, F4, F5
holding CANOQ Common Stock 17K Jun 28, 2024 Squarepoint Master Fund Limited F1, F6, F7

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
holding CANOQ Warrant (Right to Buy) Jun 28, 2024 Common Stock 666K $23.50 Arini Credit Master Fund Limited F1, F2, F3
holding CANOQ Warrant (Right to Buy) Jun 28, 2024 Common Stock 72.7K $23.50 Squarepoint Diversified Partners Fund 7 Limited F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Issuer's Modified Fourth Amended Joint Chapter 11 Plan of Reorganization (the "Plan"), which was confirmed by the United States Bankruptcy Court for the District of Delaware on June 28, 2024 and became effective on June 28, 2024 (the "Effective Date"), each share of the Issuer's Class A Common Stock, $0.01 par value per share (the "Old Common Stock") and warrants to purchase Old Common Stock outstanding prior to the Issuer's emergence from bankruptcy were cancelled for no value. In addition, on the Effective Date, pursuant to the Plan and in connection with the Issuer's emergence from bankruptcy, the Issuer (i) newly issued 41,800,000 shares of common stock, $0.0001 par value per share (the "Common Stock") and (ii) was authorized to issue an aggregate of up to 2,200,150 warrants, each exercisable for one share of Common Stock, at an initial exercise price of $25.30 per share, exercisable for a 5-year period commencing on the Effective Date (the "Warrants").
F2 Pursuant to the Plan, Arini Credit Master Fund Limited ("Arini"), as a holder of First Lien Claims (as defined in the Plan), received an aggregate of 7,415,060 shares of Common Stock, and as a holder of RSA GUC Claims (as defined in the Plan), received an aggregate of 665,606 Warrants, in connection with the equitization of allowable Claims (as defined the Plan).
F3 Arini directly holds 7,415,060 shares of Common Stock and 665,606 Warrants. Squarepoint Ops LLC ("Squarepoint Ops") is the investment advisor to Arini and has the ability to indirectly control the decisions of Arini regarding the vote and disposition of securities held by Arini and as such may be deemed to have an indirect beneficial ownership of the securities held of record by Arini. Squarepoint Ops disclaims beneficial ownership of such securities directly held by Arini except to the extent of its pecuniary interest therein.
F4 Pursuant to the Plan, Squarepoint Diversified Partners Fund 7 Limited ("Squarepoint Fund 7"), as a holder of First Lien Claims (as defined in the Plan), received an aggregate of 728,962 shares of Common Stock, and as a holder of RSA GUC Claims (as defined in the Plan), received an aggregate of 72,682 Warrants in connection with the equitization of allowable Claims (as defined the Plan).
F5 Squarepoint Fund 7 directly holds the 728,962 shares of Common Stock and 72,682 Warrants. Squarepoint Ops is the investment advisor to Squarepoint Fund 7 and has the ability to indirectly control the decisions of Squarepoint Fund 7 regarding the vote and disposition of securities held by Squarepoint Fund 7 and as such may be deemed to have an indirect beneficial ownership of the securities held of record by Squarepoint Fund 7. Squarepoint Ops disclaims beneficial ownership of such securities directly held by Squarepoint Fund 7 except to the extent of its pecuniary interest therein.
F6 Pursuant to the Plan, Squarepoint Master Fund Limited ("Squarepoint Master Fund"), as a holder of First Lien Claims (as defined in the Plan), received an aggregate of 16,997 shares of Common Stock in connection with the equitization of allowable Claims (as defined the Plan).
F7 Squarepoint Master Fund directly holds the 16,997 shares of Common Stock. Squarepoint Ops is the investment advisor to Squarepoint Master Fund and has the ability to indirectly control the decisions of Squarepoint Master Fund regarding the vote and disposition of securities held by Squarepoint Master Fund and as such may be deemed to have an indirect beneficial ownership of the securities held of record by Squarepoint Master Fund. Squarepoint Ops disclaims beneficial ownership of such securities directly held by Squarepoint Master Fund except to the extent of its pecuniary interest therein.

Remarks:

Ex. 24.1 - Power of Attorney