Key facts
- This page summarizes Bracebridge Capital, LLC's Form 4 filing for Mallinckrodt plc.
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 16 Nov 2023, 20:55.
Bracebridge Capital, LLC - 14 Nov 2023 Form 4 Insider Report for Mallinckrodt plc
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 14 Nov 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 16 Nov 2023, 20:55:10 UTC
- Prior SEC filing
- 04 Aug 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Bracebridge Capital, LLC, By John N. Spinney, Jr., Authorized Representative
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Bracebridge Capital, LLC filed Form 4 for Mallinckrodt plc on 16 Nov 2023.
Change
- Previous filing in this sequence was filed on 04 Aug 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MNKTQ
transaction
Old Common Stock
Other
- Transaction value
- Shares
- -2,033,257
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 14 Nov 2023
- Ownership
- See Footnote
- Footnotes
- F1
MNKTQ
transaction
New Common Stock
Other
- Transaction value
- Shares
- +1,093,857
- Change %
- Price
- Shares after
- 1,093,857
- Date
- 14 Nov 2023
- Ownership
- See Footnotes
- Footnotes
- F2, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Bracebridge Capital, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
Represents ordinary shares of Mallinckrodt plc cancelled, along with all rights attaching or relating thereto, on November 14, 2023 (the "Effective Date") in connection with Mallinckrodt plc's emergence from Chapter 11 and Irish examinership proceedings on the Effective Date (the "Old Common Stock").
Footnote F2
Represents new ordinary shares (the "New Common Stock") of Mallinckrodt plc issued on the Effective Date to holders of the Company's first lien and second lien debt, including the Bracebridge Funds (as defined below) in connection with Mallinckrodt plc's emergence from Chapter 11 and Irish examinership proceedings on the Effective Date.
Footnote F3
1,093,857 of the total reported New Common Stock are owned directly as follows: (i) 788,532 shares of New Common Stock are owned directly by FFI III S.a r.l. ("FFI"), (ii) 153,136 shares of New Common Stock are owned directly by FYI S.a r.l. ("FYI"), and (iii) 152,189 shares of New Common Stock are owned directly by Olifant Luxco S.a r.l. (together with FFI and FYI, the "Bracebridge Funds"). Bracebridge Capital, LLC (the "Investment Manager") is the investment manager of each of the Bracebridge Funds, and has the authority to vote and dispose of all the shares of New Common Stock reflected herein.
Footnote F4
Each of the Bracebridge Funds and the Investment Manager disclaims beneficial ownership of the shares of New Common Stock except to the extent of any pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the shares of New Common Stock reported herein for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.
Footnote F5
On November 8, 2023, the Bracebridge Funds reached an agreement with a third party which will result in the Bracebridge Funds disposing of approximately 355,448 shares of the total reported New Common Stock in following amounts: (i) 255,922 shares of New Common Stock will be disposed of by FFI, (ii) 49,763 shares of New Common Stock will be disposed of by FYI, and (iii) 49,763 shares of New Common Stock will be disposed of by Olifant Luxco S.a r.l. Each of the Bracebridge Funds and the Investment Manager disclaim beneficial ownership of such shares of New Common Stock except to the extent of their pecuniary interest therein.