4//SEC Filing
Nut Tree Capital Management, LP 4
Accession 0000905148-24-001836
CIK 0001800682other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 7:53 PM ET
Size
22.3 KB
Accession
0000905148-24-001836
Insider Transaction Report
Form 4
Nut Tree Capital Management GP, LLC
10% OwnerOther
Transactions
- Other
Common Stock
2024-06-28+9,557,095→ 9,557,095 total(indirect: See Footnote) - Other
Common Stock
2024-06-28+555,508→ 555,508 total(indirect: See Footnote) - Other
Warrants (Right to Buy)
2024-06-28+32,750→ 32,750 total(indirect: See Footnote)Exercise: $25.30From: 2024-06-28Exp: 2029-06-28→ Common Stock (32,750 underlying) - Other
Warrants (Right to Buy)
2024-06-28+347,603→ 347,603 total(indirect: See Footnote)Exercise: $25.30From: 2024-06-28Exp: 2029-06-28→ Common Stock (347,603 underlying) - Other
Warrants (Right to Buy)
2024-06-28+17,054→ 17,054 total(indirect: See Footnote)Exercise: $25.30From: 2024-06-28Exp: 2029-06-28→ Common Stock (17,054 underlying) - Other
Common Stock
2024-06-28+912,538→ 912,538 total(indirect: See Footnote)
Nussbaum Jared R.
10% OwnerOther
Transactions
- Other
Common Stock
2024-06-28+555,508→ 555,508 total(indirect: See Footnote) - Other
Warrants (Right to Buy)
2024-06-28+32,750→ 32,750 total(indirect: See Footnote)Exercise: $25.30From: 2024-06-28Exp: 2029-06-28→ Common Stock (32,750 underlying) - Other
Warrants (Right to Buy)
2024-06-28+17,054→ 17,054 total(indirect: See Footnote)Exercise: $25.30From: 2024-06-28Exp: 2029-06-28→ Common Stock (17,054 underlying) - Other
Warrants (Right to Buy)
2024-06-28+347,603→ 347,603 total(indirect: See Footnote)Exercise: $25.30From: 2024-06-28Exp: 2029-06-28→ Common Stock (347,603 underlying) - Other
Common Stock
2024-06-28+912,538→ 912,538 total(indirect: See Footnote) - Other
Common Stock
2024-06-28+9,557,095→ 9,557,095 total(indirect: See Footnote)
Nut Tree Capital Management, LP
10% OwnerOther
Transactions
- Other
Common Stock
2024-06-28+555,508→ 555,508 total(indirect: See Footnote) - Other
Warrants (Right to Buy)
2024-06-28+17,054→ 17,054 total(indirect: See Footnote)Exercise: $25.30From: 2024-06-28Exp: 2029-06-28→ Common Stock (17,054 underlying) - Other
Warrants (Right to Buy)
2024-06-28+347,603→ 347,603 total(indirect: See Footnote)Exercise: $25.30From: 2024-06-28Exp: 2029-06-28→ Common Stock (347,603 underlying) - Other
Common Stock
2024-06-28+912,538→ 912,538 total(indirect: See Footnote) - Other
Common Stock
2024-06-28+9,557,095→ 9,557,095 total(indirect: See Footnote) - Other
Warrants (Right to Buy)
2024-06-28+32,750→ 32,750 total(indirect: See Footnote)Exercise: $25.30From: 2024-06-28Exp: 2029-06-28→ Common Stock (32,750 underlying)
Footnotes (8)
- [F1]On February 4, 2024, the Issuer and certain of its direct and indirect subsidiaries (collectively, the "Debtors") filed voluntary petitions (collectively, the "Chapter 11 Cases") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") seeking relief under Chapter 11 of Title 11 of the United States Code. On June 28, 2024, the Bankruptcy Court entered an order confirming the Fourth Amended Joint Chapter 11 Plan of Reorganization of Cano Health, Inc. and its Affiliated Debtors (the "Plan"), and on June 28, 2024 (the "Effective Date"), the Plan became effective pursuant to its terms and the Debtors emerged from the Chapter 11 Cases.
- [F2]On the Effective Date, all outstanding existing shares of Class A Common Stock, $0.01 par value per share (the "Old Common Stock") and warrants, each exercisable for shares of Old Common Stock, of the Issuer were cancelled, and the Issuer newly issued (i) 41,800,000 shares of Common Stock, $0.0001 par value per share (the "Shares"), and (ii) 2,200,150 warrants, each exercisable for one Share, at an initial exercise price of $25.30 per Share (the "Warrants").
- [F3]Represents Shares and Warrants issued by the Issuer on the Effective Date, pursuant to the Plan, in exchange for debt securities of the Issuer previously acquired and/or held by Nut Tree Capital Management as of June 28, 2024.
- [F4]Shares held directly by Nut Tree Drawdown Master Fund, LP, to which Nut Tree Capital Management, LP ("Nut Tree Capital Management") serves as investment adviser.
- [F5]Shares held directly by Nut Tree Master Fund, LP, to which Nut Tree Capital Management serves as investment adviser.
- [F6]Shares held directly by Nut Tree Drawdown Master Fund II, LP, to which Nut Tree Capital Management serves as investment adviser.
- [F7]Nut Tree Capital Management GP, LLC ("Nut Tree Capital Management GP") serves as a general partner of Nut Tree Capital Management. Mr. Nussbaum serves as Chief Investment Officer and Managing Partner of Nut Tree Capital Management, and is the sole member of Nut Tree Capital Management GP. Each of the Reporting Persons may therefore be deemed to beneficially own the Shares and Warrants reported herein, and disclaims beneficial ownership of such Shares and Warrants except to the extent of its or his pecuniary interest therein.
- [F8]These Warrants have an initial exercise price of $25.30 per Share, subject to certain customary adjustments as set forth in the related warrant agreement (the "Warrant Agreement"). These Warrants expire on June 28, 2029, or earlier upon the occurrence of certain events as set forth in the Warrant Agreement.
Documents
Issuer
Cano Health, Inc.
CIK 0001800682
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001661655
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 7:53 PM ET
- Size
- 22.3 KB