| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ICDI | Convertible Secured PIK Toggle Notes due 2026 | Purchase | $16.9M | +3.76M | +3.76% | $4.51 | 104M | Nov 25, 2024 | Common Stock | 833K | $4.51 | See footnotes | F1, F2, F3, F4, F5, F6, F7 |
| Id | Content |
|---|---|
| F1 | This statement is jointly filed by and on behalf of each of MSD Partners, L.P. ("MSD Partners"), MSD Credit Opportunity Master Fund, L.P. ("Master Fund"), MSD PCOF Partners LXXIII, LLC ("MSD PCOF Partners"), and MSD Private Credit Opportunity (NON-ECI) Fund, LLC ("MSD Private Credit Opportunity Fund"). Master Fund, MSD PCOF Partners and MSD Private Credit Opportunity Fund are the record and direct beneficial owners of the securities reported herein. MSD Partners is the investment manager of each of Master Fund, MSD PCOF Partners and MSD Private Credit Opportunity Fund and may be deemed to beneficially own securities owned by Master Fund, MSD PCOF Partners and MSD Private Credit Opportunity Fund. [Cont'd] |
| F2 | [Continuation] MSD Partners (GP), LLC ("MSD GP") is the general partner of MSD Partners and may be deemed to beneficially own securities owned by MSD Partners. Gregg R. Lemkau maintains investment discretion over this investment and therefore may be deemed to beneficially own securities beneficially owned by MSD GP. Messr. Lemkau disclaims beneficial ownership of such securities except to the extent of any pecuniary interest therein. |
| F3 | Each Reporting Person and Messr. Lemkau declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 or any other purpose, a member of a group with respect to the Issuer or securities of the Issuer. |
| F4 | Represents the Reporting Persons' purchase, pursuant to the terms and conditions of the Convertible Note Subscription Agreement dated November 25, 2024 by and among the Issuer, MSD PCOF Partners, MSD Private Credit Opportunity Fund, Master Fund and Glendon Opportunities Fund II, L.P., of $3,757,500 principal amount of the Issuer's Floating Rate Convertible Senior Secured PIK Toggle Notes due 2026 (the "Notes") . The Notes held by the Reporting Persons are convertible into shares of the Issuer's common stock at an effective conversion price of $4.51 per share, as approved by the shareholders of the Issuer at the 2022 Annual Meeting of Stockholders held on June 8, 2022; [Cont'd] |
| F5 | [Continuation] provided that the Reporting Persons are not entitled to receive shares of common stock upon conversion of any Notes to the extent to which the aggregate number of shares of common stock that may be acquired by the Reporting Persons upon conversion of Notes, when added to the aggregate number of shares of common stock deemed beneficially owned, directly or indirectly, by the Reporting Persons and each person subject to aggregation of the shares of common stock with the Reporting Persons under Section 13 or Section 16 of the Exchange Act and the rules promulgated thereunder at such time, as determined pursuant to the rules and regulations promulgated under Section 13(d) of the Exchange Act, would exceed 19.9% (the "Restricted Ownership Percentage") of the total issued and outstanding shares of the Issuer's common stock. In lieu of any shares of common stock not delivered upon conversion by operation of the Restricted Ownership Percentage limitation, [Con't] |
| F6 | [Continuation] the Issuer will deliver Pre-Funded Warrants in respect of any equal number of shares of common stock. Such Pre-Funded Warrants will contain substantially similar Restricted Ownership Percentage terms. Any Pre-Funded Warrants issued in lieu of shares of common stock in connection with a conversion of Notes prior to the Issuer's shareholder approval would also not be exercisable in accordance with the terms of the Pre-Funded Warrants. The Notes have a payment-in-kind, or "PIK," interest rate of SOFR plus 9.5% as of September 30, 2022. The Notes also have a cash interest rate of SOFR plus 12.5%. |
| F7 | Includes PIK interest received by the Reporting Persons on September 30, 2024. |