Avenue Capital Management II, L.P. - 31 Jan 2025 Form 3 Insider Report for EYENOVIA, INC. (EYEN)

Role
10%+ Owner
Signature
Andrew Schinder, Attorney-in-Fact
Issuer symbol
EYEN
Transactions as of
31 Jan 2025
Net transactions value
$0
Form type
3
Filing time
03 Jun 2025, 21:07:19 UTC
Next filing
03 Jun 2025
SEC
View on sec.gov

Reporting Owners (4)

Name Relationship Address Signature Signature date CIK
Avenue Capital Management II, L.P. 10%+ Owner C/O AVENUE CAPITAL GROUP, 11 WEST 42ND STREET, 9TH FLOOR, NEW YORK Andrew Schinder, Attorney-in-Fact 03 Jun 2025 0001317338
Avenue Venture Opportunities Fund, L.P. 10%+ Owner 11 WEST 42ND STREET, 9TH FLOOR, NEW YORK /s/ Andrew Schinder, Attorney-in-Fact 03 Jun 2025 0001792691
Avenue Venture Opportunities Fund II, L.P. 10%+ Owner 11 WEST 42ND STREET, 9TH FLOOR, NEW YORK /s/ Andrew Schinder, Attorney-in-Fact 03 Jun 2025 0001886343
LASRY MARC 10%+ Owner C/O AVENUE CAPITAL GROUP, 11 WEST 42ND STREET, 9TH FLOOR, NEW YORK /s/ Andrew Schinder, Attorney-in-Fact 03 Jun 2025 0001259927

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding EYEN Common Stock 30,619 31 Jan 2025 See footnotes 2 and 5. F1, F2

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 EYEN Convertible Debt 31 Jan 2025 Common Stock 2,327,747 $2.15 See footnotes 2 and 5. F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 31, 2025, Issuer effected a one-for-eighty reverse stock split, which resulted in the Reporting Persons becoming subject to Section 16.
F2 Avenue Capital Management II, L.P. ("ACM II") is the investment manager of Avenue Venture Opportunities Fund, L.P. ("AVOF") and Avenue Venture Opportunities Fund II, L.P. ("AVOF II"), each of which directly holds the securities reported in this Form 3, as to a 40% and 60% interest therein, respectively. ACM II has sole voting and investment power over the securities and may be deemed to have, but disclaims, beneficial ownership of such securities except to the extent of its pecuniary interest, if any, therein.
F3 Not applicable.
F4 On November 22, 2022, ACM II, as "Agent", and AVOF and AVOF II, as "Lenders", entered into a Loan and Security Agreement and related documents (collectively, the "Agreement") with Issuer pursuant to which Lenders had the right in their discretion at any time and from time to time, while the Growth Capital Loans (as defined in the Agreement) were outstanding, to convert an aggregate of up to $5,000,000 of the aggregate principal amount outstanding into Issuer's common stock at the conversion rate of $2.148 per share. The number of shares reported in Table II represents the shares issuable to Lenders upon such conversion.
F5 Avenue Venture Opportunities Partners, LLC ("AVOP") and Avenue Venture Opportunities Partners II, LLC ("AVOP II") are the general partners of AVOF and AVOF II, respectively. GL Venture Opportunities Partners, LLC ("GLVOP") and GL Venture Opportunities Partners II, LLC ("GLVOP II") are the managing members of AVOP and AVOP II, respectively. AVOP, AVOP II, GLVOP and GLVOP II disclaim beneficial ownership of the securities except to the extent of their beneficial interest, if any, therein. Marc Lasry is the beneficial owner of GLVOP and GLVOP II and therefore is the ultimate beneficial owner of AVOF and AVOF II.