| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | HYMC | Class A Common Stock | Sale | -$163K | -243K | -1.35% | $0.67 | 17.7M | Jan 18, 2023 | See Notes | F1, F2, F3, F4, F16, F17, F18 |
| transaction | HYMC | Class A Common Stock | Sale | -$193K | -308K | -1.74% | $0.63 | 17.4M | Jan 19, 2023 | See Notes | F1, F4, F5, F6, F16, F17, F18 |
| transaction | HYMC | Class A Common Stock | Sale | -$211K | -335K | -1.93% | $0.63 | 17M | Jan 20, 2023 | See Notes | F1, F4, F7, F8, F9, F16, F17, F18 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | HYMC | Warrants | Sale | -$801 | -10.6K | -0.11% | $0.08 | 9.74M | Jan 18, 2023 | Class A Common Stock | 10.6K | $11.50 | See Notes | F1, F4, F10, F11, F12, F13, F16, F17, F18 |
| transaction | HYMC | Warrants | Sale | -$36 | -400 | -0.01% | $0.09 | 2.95M | Jan 18, 2023 | Class A Common Stock | 400 | $10.50 | See Notes | F1, F14, F15, F16, F17, F18 |
| Id | Content |
|---|---|
| F1 | This statement is being filed by the following Reporting Persons: Mudrick Capital Management, L.P. ("Mudrick Capital"); Mudrick Capital Management, LLC ("Mudrick Capital GP"); Jason Mudrick; Mudrick Distressed Opportunity Drawdown Fund GP, LLC ("Mudrick Drawdown GP"); Mudrick Distressed Opportunity Drawdown Fund, L.P. ("Mudrick Drawdown Fund"); Mudrick Distressed Opportunity Drawdown Fund II GP, LLC ("Mudrick Drawdown Fund II GP"), Mudrick Distressed Opportunity Drawdown Fund II, L.P. ("Mudrick Drawdown Fund II"), Mudrick Distressed Opportunity Drawdown Fund II SC, L.P. ("Mudrick Drawdown Fund II SC"), Mudrick Distressed Opportunity Fund Global, L.P. ("Mudrick Opportunity Fund") and Mudrick GP, LLC ("Mudrick GP"). |
| F2 | Represents the sale of shares of the Issuer's Class A Common Stock as follows: 113,309 by Mudrick Opportunity Fund; 29,160 by Mudrick Drawdown Fund; and 100,265 by certain accounts managed by Mudrick Capital and shares held by Mudrick Capital Management, L.P. on behalf of Mudrick Stressed Credit Master Fund, L.P. (the "Managed Accounts" and together with Mudrick Drawdown Fund, Mudrick Drawdown Fund II, Mudrick Drawdown Fund II SC and the Mudrick Opportunity Fund, the "Mudrick Funds"). |
| F3 | The shares were sold within a range of $0.62 to $0.6952, inclusive. |
| F4 | The price represents the weighted average price of the shares sold. The Reporting Persons undertake to provide, upon request by the SEC staff, the Issuer, or any security holder of the Issuer, information regarding the number of shares sold at each separate price within the range. |
| F5 | Represents the sale of shares of the Issuer's Class A Common Stock as follows: 143,781 by Mudrick Opportunity Fund; 37,003 by Mudrick Drawdown Fund; and 127,229 by the Managed Accounts. |
| F6 | The shares were sold within a range of $0.6156 to $0.64, inclusive. |
| F7 | Represents the sale of shares of the Issuer's Class A Common Stock as follows: 156,562 by Mudrick Opportunity Fund; 40,292 by Mudrick Drawdown Fund; and 138,539 by the Managed Accounts. |
| F8 | The shares were sold within a range of $0.6 to $0.6488, inclusive. |
| F9 | Represents the shares of the Issuer's Class A Common Stock directly held following the reported sales as follows: 7,953,168 by Mudrick Opportunity Fund; 2,046,787 by Mudrick Drawdown Fund; and 7,037,603 by the Managed Accounts. |
| F10 | Represents the sale of warrants to buy shares of the Issuer's Class A Common Stock as follows: 4,175 by Mudrick Opportunity Fund; 1,614 by Mudrick Drawdown Fund; 225 by Mudrick Drawdown Fund II; and 4,619 by the Managed Accounts. |
| F11 | These warrants expire May 29, 2025, or earlier upon their redemption or the liquidation of the Issuer. These warrants may be redeemed, at a price of $0.01 per warrant, if the last sale price of the Class A Common Stock equals or exceeds $18.00 per share for any 20 trading days within a 30 trading day period ending on the third business day before the notice of redemption is sent to the warrant holders. |
| F12 | The warrants were sold within a range of $0.07 to $0.08, inclusive. |
| F13 | Represents warrants to buy shares of the Issuer's Class A Common Stock directly held following the reported sales as follows: 3,824,640 by Mudrick Opportunity Fund; 1,478,510 by Mudrick Drawdown Fund; 206,600 by Mudrick Drawdown Fund II; and 4,231,424 by the Managed Accounts. |
| F14 | Represents the sale of warrants to buy shares of the Issuer's Class A Common Stock as follows: 80 by Mudrick Opportunity Fund; 187 by Mudrick Drawdown Fund II; 77 by Mudrick Drawdown Fund II SC; and 56 by the Managed Accounts. |
| F15 | Represents warrants to buy shares of the Issuer's Class A Common Stock directly held following the reported sales as follows: 590,054 by Mudrick Opportunity Fund; 1,377,484 by Mudrick Drawdown Fund II; 570,077 by Mudrick Drawdown Fund II SC; and 414,433 by the Managed Accounts. |
| F16 | Mudrick Capital is the investment manager of each of the Mudrick Funds and has voting and investment discretion with respect to the securities held by the Mudrick Funds. Jason Mudrick is the sole member of each of Mudrick Capital GP, the general partner of Mudrick Capital, Mudrick Drawdown Fund GP, the general partner of Mudrick Drawdown Fund, Mudrick Drawdown Fund II GP, the general partner of Mudrick Drawdown Fund II and Mudrick Drawdown Fund II SC, and Mudrick GP, the general partner of Mudrick Opportunity Fund. |
| F17 | Mudrick Capital, Mudrick Capital GP and Jason Mudrick may be deemed to have beneficial ownership of the equity securities of the Issuer owned by the Mudrick Funds, Mudrick Drawdown Fund GP may be deemed to have beneficial ownership of the securities owned by Mudrick Drawdown Fund, Mudrick Drawdown Fund II GP may be deemed to have beneficial ownership of the securities owned by Mudrick Drawdown Fund II and Mudrick Drawdown Fund II SC and Mudrick GP may be deemed to beneficially own the securities owned by Mudrick Opportunity Fund. |
| F18 | The Reporting Persons disclaim any beneficial ownership of the reported securities other than to the extent of any pecuniary interest they may have therein, directly or indirectly. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities of the Issuer in excess of their respective pecuniary interests. |
Exhibit 99.1 (Joint Filer Information) incorporated herein by reference.